Grover Hill, Ohio Property Taxes
The median property tax rate in Grover Hill, OH is 1.45%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Grover Hill, the typical annual property tax bill reaches $1,556, which is below the national median of $2,690. Property taxes in Grover Hill 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 Grover Hill'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 Grover Hill 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
Grover Hill, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,527
Ownwell’s Grover Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grover Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grover Hill 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 Grover Hill, Ohio
Property taxes in Grover Hill, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grover Hill is 1.45%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Grover Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grover Hill 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 Grover Hill's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45849 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 Grover Hill provides valuable insights into the varying tax landscape across Paulding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grover Hill Tax Rate
1.45%
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 Grover Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45849 | 1.12% | 1.36% | 1.45% | 1.49% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Grover Hill, Ohio
In Grover Hill, 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 Van Wert 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 Grover Hill, 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. For instance, the median home price in Grover Hill is $105,310, with tax bills ranging from $1,208 at the 25th percentile to $3,803 at the 90th percentile. The zip code 45849 has both the highest and lowest median tax bill at $1,556. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grover Hill Assessed Value
$105,310
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 Grover Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45849 | $66,452 | $82,455 | $105,310 | $153,875 | $282,790 |
Source: Ownwell
Property Tax Bills Across Grover Hill, Ohio
In Grover Hill, Van Wert County, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For instance, the median home price in Grover Hill is $105,310, and the tax rate is applied to this value to determine the tax owed. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Grover Hill can expect tax bills that vary significantly, with the 25th percentile paying around $1,208, while those in the 75th percentile pay about $2,121. The 90th percentile sees tax bills as high as $3,803. These taxes are essential as they fund local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Grover Hill Tax Bill
$1,556
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 Grover Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45849 | $928 | $1,208 | $1,556 | $2,121 | $3,803 |
Source: Ownwell