Van Wert County Property Taxes
The median property tax rate in Van Wert County is 1.51%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $87,060, the typical annual property tax bill in Van Wert County comes to $1,320, which is below the national median of $2,690. Property taxes in Van Wert County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Van Wert County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Van Wert or another part of Van Wert County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Van Wert County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,315
Ownwell’s Van Wert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Van Wert with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Van Wert to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Van Wert County, Ohio
Property taxes in Van Wert County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Van Wert County is 1.51%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Van Wert County set these rates annually, and they can vary significantly between different areas within the county. Each year, Van Wert County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Wren has one of the higher property tax rates in Ohio at 1.78%, while the city of Venedocia boasts one of the lowest at 1.38%. Analyzing how Van Wert County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Van Wert County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Van Wert County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Convoy | 1.14% | 1.38% | 1.47% | 1.69% | 1.81% |
| Delphos | 1.11% | 1.28% | 1.40% | 1.47% | 1.52% |
| Elgin | 1.11% | 1.35% | 1.52% | 1.60% | 1.98% |
| Fort Jennings | 1.09% | 1.40% | 1.48% | 1.50% | 1.54% |
| Grover Hill | 1.12% | 1.36% | 1.45% | 1.49% | 1.53% |
| Mendon | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| Middle Point | 1.13% | 1.45% | 1.58% | 1.73% | 1.84% |
| Ohio City | 1.10% | 1.41% | 1.60% | 1.93% | 2.06% |
| Rockford | 0.92% | 1.44% | 1.61% | 1.72% | 1.77% |
| Scott | 0.80% | 1.29% | 1.39% | 1.44% | 1.59% |
| Spencerville | 0.98% | 1.34% | 1.41% | 1.47% | 1.52% |
| Van Wert | 1.23% | 1.42% | 1.56% | 1.70% | 1.82% |
| Venedocia | 0.66% | 1.13% | 1.38% | 1.48% | 1.62% |
| Willshire | 1.05% | 1.38% | 1.59% | 1.93% | 2.01% |
| Wren | 1.25% | 1.68% | 1.78% | 1.89% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Van Wert County, Ohio
In Van Wert County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Van Wert County Appraisal District. The assessed value, however, 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. Assessment notices in Van Wert County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Van Wert County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Rockford has the highest median tax bill at $1,749, while Wren has the lowest at $766.
Average Van Wert County Assessed Value
$87,060
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Van Wert County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Convoy | $42,726 | $65,540 | $93,940 | $131,080 | $206,300 |
| Delphos | $52,477 | $71,725 | $93,860 | $137,535 | $200,495 |
| Elgin | $21,427 | $48,490 | $77,130 | $101,380 | $128,296 |
| Fort Jennings | $22,887 | $76,878 | $105,785 | $142,072 | $262,893 |
| Grover Hill | $66,452 | $82,455 | $105,310 | $153,875 | $282,790 |
| Mendon | $117,030 | $117,030 | $117,030 | $117,030 | $117,030 |
| Middle Point | $31,978 | $45,930 | $73,170 | $114,155 | $182,498 |
| Ohio City | $27,688 | $49,340 | $78,370 | $118,140 | $213,632 |
| Rockford | $67,532 | $86,830 | $112,940 | $153,570 | $202,288 |
| Scott | $27,164 | $42,600 | $59,490 | $116,665 | $202,934 |
| Spencerville | $46,706 | $69,258 | $93,230 | $148,098 | $215,768 |
| Van Wert | $42,842 | $61,060 | $86,830 | $129,465 | $194,174 |
| Venedocia | $22,624 | $55,830 | $95,550 | $161,720 | $485,332 |
| Willshire | $28,065 | $47,858 | $69,840 | $109,200 | $227,941 |
| Wren | $16,244 | $31,910 | $42,660 | $55,000 | $73,178 |
Source: Ownwell
Property Tax Bills Across Van Wert County, Ohio
In Van Wert County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners, the tax bill can vary significantly depending on the value of their property and the specific tax rate applied. For example, the median home price in Van Wert County is $87,060. Homeowners in the 25th percentile can expect a tax bill around $936, while those in the 75th percentile might see bills closer to $1,902. At the higher end, the 90th percentile tax bills reach approximately $2,878. This variation highlights the impact of property value and local tax rates on the overall tax burden. Comparatively, Rockford has the highest median tax bill at $1,749, while Wren has the lowest at $766, illustrating the diversity in tax burdens within the county. These property taxes fund essential services such as schools, public safety, and infrastructure, directly affecting the quality of life for residents.
Average Van Wert County Tax Bill
$1,320
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Van Wert County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Convoy | $688 | $1,032 | $1,389 | $1,911 | $2,847 |
| Delphos | $706 | $977 | $1,315 | $1,858 | $2,635 |
| Elgin | $415 | $774 | $1,046 | $1,240 | $1,860 |
| Fort Jennings | $376 | $1,011 | $1,498 | $2,018 | $3,546 |
| Grover Hill | $928 | $1,208 | $1,556 | $2,121 | $3,803 |
| Mendon | $1,698 | $1,698 | $1,698 | $1,698 | $1,698 |
| Middle Point | $436 | $794 | $1,218 | $1,752 | $2,600 |
| Ohio City | $422 | $858 | $1,238 | $1,808 | $2,961 |
| Rockford | $881 | $1,312 | $1,749 | $2,504 | $3,207 |
| Scott | $279 | $587 | $800 | $1,615 | $2,341 |
| Spencerville | $681 | $968 | $1,338 | $2,039 | $2,784 |
| Van Wert | $681 | $956 | $1,341 | $1,953 | $2,919 |
| Venedocia | $357 | $814 | $1,278 | $2,119 | $3,977 |
| Willshire | $417 | $825 | $1,215 | $1,697 | $2,799 |
| Wren | $274 | $483 | $766 | $959 | $1,140 |
Source: Ownwell