Port Washington, Ohio Property Taxes
The median property tax rate in Port Washington, OH is 1.28%, 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 Port Washington at $83,470, the typical annual property tax bill reaches $1,071, which is below the national median of $2,690. Property taxes in Port Washington 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 Port Washington'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 Port Washington 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
Port Washington, 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 PORT WASHINGTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORT WASHINGTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORT WASHINGTON 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 Port Washington, Ohio
Property taxes in Port Washington, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Washington is 1.28%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Port Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Washington 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 Port Washington's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43837 has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Port Washington provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Washington Tax Rate
1.28%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43837 | 1.02% | 1.24% | 1.28% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Port Washington, Ohio
In Port Washington, 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 Tuscarawas 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 Port Washington, 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 Port Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,071, found in zip code 43837.
Average Port Washington Assessed Value
$83,470
Average Tuscarawas County Assessed Value
$122,160
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43837 | $16,494 | $42,760 | $83,470 | $128,740 | $178,404 |
Source: Ownwell
Property Tax Bills Across Port Washington, Ohio
In Port Washington, property tax bills are calculated based on the assessed value of a home, which is determined by the Tuscarawas County assessor's office. The assessed value is a percentage of the market value of the property. This valuation is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $83,470, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as the property's location within the county, any applicable exemptions, and the specific levies imposed by local jurisdictions all play a role in determining the final tax bill. Homeowners in Port Washington typically see tax bills ranging from $516 at the 25th percentile to $1,662 at the 75th percentile, with the 90th percentile reaching $2,238. This variability can significantly impact homeowners' finances, making it essential to understand how these factors influence their property tax obligations.
Average Port Washington Tax Bill
$1,071
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43837 | $213 | $516 | $1,071 | $1,662 | $2,238 |
Source: Ownwell