Big Prairie, Wayne County, Ohio Property Taxes
The median property tax rate in Big Prairie, Ohio is 1.87%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value in Big Prairie of $96,005, the typical annual property tax bill reaches $1,640, which is below the national median of $2,690. Property taxes in Big Prairie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Big Prairie'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 Big Prairie or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Prairie, Wayne County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$1,795
$1,666
Ownwell’s BIG PRAIRIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIG PRAIRIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIG PRAIRIE 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 Big Prairie, Wayne County, Ohio
Property taxes in Big Prairie, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Prairie is 1.87%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Big Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Prairie 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 Big Prairie's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44611 zip code has the highest median property tax rate of 1.87%, while the same zip code also has the lowest median tax rate of 1.87%. Understanding how these cities compare with Big Prairie 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 Big Prairie Tax Rate
1.87%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Prairie, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44611 | 0.97% | 1.36% | 1.87% | 1.91% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Big Prairie, Wayne County, Ohio
In Big Prairie, 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 Big Prairie, 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. The median home price in Big Prairie is $96,005, with tax bills ranging from $714 at the 25th percentile to $4,620 at the 90th percentile. The zip code with the highest and lowest median tax bill is 44611, both at $1,640. Being aware of these valuation processes in Big Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Big Prairie, Wayne County, Ohio
Source: Ownwell
$68,990
$178,305
$287,620
Average Big Prairie Assessed Value
$96,005
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 Big Prairie, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44611 | $16,305 | $51,920 | $96,005 | $191,765 | $400,945 |
Source: Ownwell
Property Tax Bills Across Big Prairie, Wayne County, Ohio
In Big Prairie, Wayne County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $96,005, homeowners can expect their property tax bill to vary significantly. At the lower end, the 25th percentile tax bill is around $714, while at the higher end, the 90th percentile tax bill can reach up to $4,620. Several factors influence these calculations, including property location, home improvements, and local government budgets. These taxes fund essential services such as public schools, infrastructure, and emergency services. Homeowners in Big Prairie experience property tax rates that can be higher or lower than the national median rate of 0.99%, depending on their home's assessed value and specific local tax policies. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets more effectively.
Average Big Prairie Tax Bill
$1,640
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Prairie, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44611 | $261 | $714 | $1,640 | $2,522 | $4,620 |
Source: Ownwell