Burgoon, Ohio Property Taxes
The median property tax rate in Burgoon, OH is 1.34%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Burgoon, the typical annual property tax bill reaches $1,649, which is below the national median of $2,690. Property taxes in Burgoon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Burgoon'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 Burgoon or another part of Sandusky County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burgoon, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Burgoon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burgoon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burgoon 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 Burgoon, Ohio
Property taxes in Burgoon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burgoon is 1.34%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Burgoon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burgoon 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 Burgoon's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43407 zip code has both the highest and lowest median property tax rate of 1.34%. Understanding how these areas compare with Burgoon provides valuable insights into the varying tax landscape across Sandusky County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burgoon Tax Rate
1.34%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burgoon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43407 | 0.79% | 1.27% | 1.34% | 1.65% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Burgoon, Ohio
In Burgoon, 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 Sandusky 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 Burgoon, 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. For example, the highest median tax bill in Burgoon is $1,649 in the 43407 zip code, while the lowest median tax bill is also $1,649 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burgoon Assessed Value
$119,800
Average Sandusky County Assessed Value
$110,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burgoon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43407 | $30,060 | $76,050 | $119,800 | $197,100 | $321,600 |
Source: Ownwell
Property Tax Bills Across Burgoon, Ohio
In Burgoon, Sandusky County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Various factors such as property size, location, and condition are considered during the assessment process. The local tax rate is then applied to the assessed value to determine the annual tax bill. For homeowners in Burgoon, the median home price is $119,800, and property tax bills can vary significantly. The 25th percentile tax bill is $1,174, while the 75th percentile tax bill reaches $2,470. At the 90th percentile, homeowners can expect a tax bill of $3,627. These figures indicate a broad range of tax obligations, influenced by the specific characteristics and assessed values of individual properties. Comparatively, the median property tax rate in Burgoon is higher than the national median of 0.99%, impacting homeowners by potentially increasing their annual expenses. Understanding these factors is crucial for property owners when budgeting and planning for their financial future.
Average Burgoon Tax Bill
$1,649
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Burgoon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43407 | $426 | $1,174 | $1,649 | $2,470 | $3,627 |
Source: Ownwell