Castalia, Ohio Property Taxes
The median property tax rate in Castalia, Ohio is 1.50%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Castalia at $140,300, the typical annual property tax bill reaches $2,142, slightly below the national median of $2,690. Property taxes in Castalia 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 Castalia'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 Castalia 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
Castalia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$2,105
$1,953
Ownwell’s Castalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castalia 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 Castalia, Ohio
Property taxes in Castalia, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castalia is 1.50%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Castalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castalia 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 Castalia's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44824 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Castalia 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 Castalia Tax Rate
1.50%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castalia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44824 | 1.24% | 1.49% | 1.50% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Castalia, Ohio
In Castalia, 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 Castalia, 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 Castalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Castalia is $140,300, with the highest and lowest median tax bill both at $2,142 in zip code 44824.
Average Castalia Assessed Value
$140,300
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 Castalia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44824 | $47,660 | $87,500 | $140,300 | $185,300 | $210,480 |
Source: Ownwell
Property Tax Bills Across Castalia, Ohio
Property tax bills in Castalia, Ohio, are calculated based on the assessed value of a property, determined by the Sandusky County assessor. The assessed value is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. For homeowners in Castalia, the median home price is $140,300. The tax bills can vary significantly, with the 25th percentile at $1,329 and the 75th percentile at $2,611, while the 90th percentile reaches up to $3,122. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in Castalia should be aware that their property tax bills can have a substantial impact on their annual budget, especially when compared to the national median property tax rate of 0.99%.
Average Castalia Tax Bill
$2,142
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Castalia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44824 | $642 | $1,329 | $2,142 | $2,611 | $3,122 |
Source: Ownwell