East Liberty, Ohio Property Taxes
The median property tax rate in East Liberty, OH is 1.61%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $129,475 in East Liberty, the typical annual property tax bill amounts to $2,731, slightly above the national median of $2,690. Property taxes in East Liberty are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding East Liberty'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 East Liberty 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
East Liberty, 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 East Liberty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Liberty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Liberty 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 East Liberty, Ohio
Property taxes in East Liberty, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in East Liberty is 1.61%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within East Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Liberty 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 East Liberty's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43319 zip code has the highest median property tax rate of 1.61%, while the same 43319 zip code also has the lowest median tax rate of 1.61%. Understanding how these areas compare with East Liberty provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Liberty Tax Rate
1.61%
Average Union County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Liberty, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43319 | 1.45% | 1.51% | 1.61% | 1.64% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across East Liberty, Ohio
In East Liberty, 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 local 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 East Liberty, 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 East Liberty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In East Liberty, the median home price is $129,475. The property tax bill for the 25th percentile is $2,114, while the 75th percentile is $2,791, and the 90th percentile is $2,827. The zip code with the highest and lowest median tax bill is 43319, with a tax bill of $2,731.
Average East Liberty Assessed Value
$129,475
Average Union County Assessed Value
$249,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Liberty, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43319 | $26,793 | $66,982 | $129,475 | $177,992 | $193,027 |
Source: Ownwell
Property Tax Bills Across East Liberty, Ohio
In East Liberty, Union County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, considering factors such as the home's size, age, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in East Liberty, the median home price stands at $129,475, with property tax bills ranging from $2,114 at the 25th percentile to $2,791 at the 75th percentile. The 90th percentile tax bill is slightly higher at $2,827. These figures indicate that property taxes can significantly impact a homeowner's annual expenses. Compared to the national median property tax rate of 0.99%, East Liberty's rates reflect a substantial financial commitment for property owners. Understanding these factors is crucial for homeowners to manage their budgets and plan for future expenses effectively.
Average East Liberty Tax Bill
$2,731
Average Union County Tax Bill
$3,900
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across East Liberty, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43319 | $1,743 | $2,114 | $2,731 | $2,791 | $2,827 |
Source: Ownwell