Sterling, Ohio Property Taxes
The median property tax rate in Sterling, OH is 1.68%, which is considerably higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With the median home value in Sterling at $167,910, the typical annual property tax bill reaches $2,606, just below the national median of $2,690. Property taxes in Sterling 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 Sterling'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 Sterling 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
Sterling, 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 Sterling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sterling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterling 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 Sterling, Ohio
Property taxes in Sterling, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling is 1.68%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling 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 Sterling's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44276 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Sterling 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 Sterling Tax Rate
1.68%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44276 | 0.98% | 1.51% | 1.68% | 1.72% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Sterling, Ohio
In Sterling, 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 Sterling, 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 Sterling is $167,910, with tax bills ranging from $1,717 at the 25th percentile to $5,102 at the 90th percentile. The highest and lowest median tax bills are both $2,606, found in zip code 44276. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Sterling Assessed Value
$167,910
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 Sterling, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44276 | $70,465 | $111,425 | $167,910 | $235,765 | $363,539 |
Source: Ownwell
Property Tax Bills Across Sterling, Ohio
In Sterling, located in Wayne County, OH, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, reflecting what the property could sell for under normal conditions. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Sterling face a median property tax bill of $2,606, which is significantly higher than the national median of 0.99%. The tax bill can vary widely, with the 25th percentile paying around $1,717 and the 75th percentile reaching up to $3,820. At the 90th percentile, homeowners might see bills as high as $5,102. These taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Sterling Tax Bill
$2,606
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44276 | $979 | $1,717 | $2,606 | $3,820 | $5,102 |
Source: Ownwell