Oak Harbor, Ohio Property Taxes
The median property tax rate in Oak Harbor, OH is 1.45%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Oak Harbor at $150,000, the typical annual property tax bill reaches $2,014, surpassing the national median of $2,690. Property taxes in Oak Harbor 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 Oak Harbor'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 Oak Harbor 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
Oak Harbor, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$2,175
$2,018
Ownwell’s Oak Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oak Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oak Harbor 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 Oak Harbor, Ohio
Property taxes in Oak Harbor, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oak Harbor is 1.45%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Oak Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oak Harbor 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 Oak Harbor's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43449 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Oak Harbor 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 Oak Harbor Tax Rate
1.45%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oak Harbor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43449 | 0.78% | 1.22% | 1.45% | 1.48% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Oak Harbor, Ohio
In Oak Harbor, 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 Oak Harbor, 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. The zip code 43449 has the highest median tax bill at $2,014, while the lowest median tax bill is also $2,014. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oak Harbor Assessed Value
$150,000
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 Oak Harbor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43449 | $25,020 | $62,900 | $150,000 | $192,500 | $381,720 |
Source: Ownwell
Property Tax Bills Across Oak Harbor, Ohio
Property tax bills in Oak Harbor, Sandusky County, OH, are calculated based on the assessed value of a property, which is derived from its market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For homeowners in Oak Harbor, the median home price is $150,000. At the 25th percentile, the tax bill is $638, while at the 75th percentile, it rises to $2,603. The 90th percentile sees tax bills reaching up to $3,711. These figures highlight the range of property tax burdens within the area, influenced by varying property values and assessments. Compared to the national median property tax rate of 0.99%, Oak Harbor's property tax rates can be seen as relatively moderate but vary significantly within the community. This variability underscores the importance of understanding local property assessments and potential exemptions to manage tax liabilities effectively.
Average Oak Harbor Tax Bill
$2,014
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Oak Harbor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43449 | $355 | $638 | $2,014 | $2,603 | $3,711 |
Source: Ownwell