Maplewood, Ohio Property Taxes
The median property tax rate in Maplewood, OH is 1.62%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Maplewood, the typical annual property tax bill reaches $2,352, which is below the national median of $2,690. Property taxes in Maplewood 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 Maplewood'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 Maplewood 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
Maplewood, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,401
Ownwell’s Maplewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maplewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maplewood 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 Maplewood, Ohio
Property taxes in Maplewood, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Maplewood is 1.62%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Maplewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maplewood 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 Maplewood's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45340 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Maplewood provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maplewood Tax Rate
1.62%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maplewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45340 | 0.98% | 1.46% | 1.62% | 1.73% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Maplewood, Ohio
In Maplewood, 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 Shelby 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 Maplewood, 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 Maplewood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,352 in the 45340 zip code, while the lowest median tax bill is also $2,352 in the same zip code.
Average Maplewood Assessed Value
$148,190
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maplewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45340 | $11,230 | $74,510 | $148,190 | $238,770 | $378,858 |
Source: Ownwell
Property Tax Bills Across Maplewood, Ohio
Property tax bills in Maplewood, located in Shelby County, OH, are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the final tax bill. Several factors influence the assessed value, including the property's market value, its size, and any improvements made. Homeowners in Maplewood can expect tax bills to vary significantly; the 25th percentile tax bill is around $1,202, while the 75th percentile reaches up to $3,561. At the higher end, the 90th percentile tax bill can be as much as $4,806. Comparatively, the national median property tax rate stands at 0.99%, making it essential for Maplewood residents to understand their local rates and how they impact their finances. For instance, in the zip code 45340, the median tax bill is $2,352, which is notably higher than some other areas. These property taxes fund essential community services, so understanding and managing them is crucial for homeowners.
Average Maplewood Tax Bill
$2,352
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Maplewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45340 | $200 | $1,202 | $2,352 | $3,561 | $4,806 |
Source: Ownwell