Ashland, Ohio Property Taxes
The median property tax rate in Ashland, Ohio is 1.41%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Ashland at $126,565, the typical annual property tax bill reaches $1,740, which is below the national median of $2,690. Property taxes in Ashland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ashland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ashland or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashland, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,785
$1,656
Ownwell’s Ashland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ashland, Ohio
Property taxes in Ashland, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland is 1.41%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Ashland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ashland's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44805 zip code has the highest median property tax rate of 1.41%, while the 44805 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Ashland provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland Tax Rate
1.41%
Average Richland County Tax Rate
1.92%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44805 | 0.59% | 1.22% | 1.41% | 1.42% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Ohio
In Ashland, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Richland County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ashland, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Ashland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 44805 has both the highest and lowest median tax bill, which stands at $1,740.
Average Ashland Assessed Value
$126,565
Average Richland County Assessed Value
$93,590
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44805 | $48,488 | $86,498 | $126,565 | $205,730 | $383,876 |
Source: Ownwell
Property Tax Bills Across Ashland, Ohio
In Ashland, OH, located in Richland County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, if the median home price in Ashland is $126,565, the assessed value would be a portion of this amount. The tax rate is then applied to the assessed value to determine the annual property tax bill. Factors influencing the tax bill include the property's location, improvements, and the local tax rate. In Ashland, the 25th percentile tax bill is $1,228, while the 75th percentile reaches $2,576, and the 90th percentile climbs to $3,327. These figures indicate that property taxes can vary significantly within the area, affecting homeowners differently based on their property's assessed value and specific local tax rates. Compared to the national median property tax rate of 0.99%, Ashland's property taxes can be higher, impacting homeowners' annual financial planning.
Average Ashland Tax Bill
$1,740
Average Richland County Tax Bill
$1,633
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44805 | $851 | $1,228 | $1,740 | $2,576 | $3,327 |
Source: Ownwell