Apple Creek, Ohio Property Taxes
The median property tax rate in Apple Creek, OH is 1.82%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Apple Creek, the typical annual property tax bill reaches $3,115, exceeding the national median of $2,690. Property taxes in Apple Creek 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 Apple Creek'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 Apple Creek 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
Apple Creek, 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 Apple Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Apple Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Apple Creek 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 Apple Creek, Ohio
Property taxes in Apple Creek, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Apple Creek is 1.82%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Apple Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apple Creek 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 Apple Creek's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44606 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Apple Creek provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apple Creek Tax Rate
1.82%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apple Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44606 | 0.88% | 1.59% | 1.82% | 1.93% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Apple Creek, Ohio
In Apple Creek, 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 Wayne 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 Apple Creek, 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 Apple Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wayne County, the zip code 44606 has the highest and lowest median tax bill, both at $3,115.
Average Apple Creek Assessed Value
$184,350
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apple Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44606 | $75,446 | $111,530 | $184,350 | $296,330 | $496,848 |
Source: Ownwell
Property Tax Bills Across Apple Creek, Ohio
In Apple Creek, located in Wayne County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Apple Creek is $184,350, and property tax bills can range significantly. Homeowners in the 25th percentile pay around $1,966, while those in the 90th percentile could see bills as high as $5,956. The highest median tax bill in the area is $3,115, found in the 44606 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Consequently, higher property taxes can impact homeowners by increasing their annual housing costs, while also contributing to the overall quality of life in the community.
Average Apple Creek Tax Bill
$3,115
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Apple Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44606 | $1,339 | $1,966 | $3,115 | $4,597 | $5,956 |
Source: Ownwell