Wooster, Wayne County, Ohio Property Taxes
The median property tax rate in Wooster, OH is 1.83%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Wooster, the typical annual property tax bill reaches $2,631, just below the national median of $2,690. Property taxes in Wooster 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 Wooster'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 Wooster 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
Wooster, Wayne County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$2,654
$2,463
Ownwell’s Wooster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wooster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wooster 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 Wooster, Wayne County, Ohio
Property taxes in Wooster, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wooster is 1.83%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Wooster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wooster 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 Wooster's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44691 zip code has the highest median property tax rate of 1.83%, while the lowest median tax rate is also 1.83%. Understanding how these cities compare with Wooster 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 Wooster Tax Rate
1.83%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wooster, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44691 | 1.47% | 1.69% | 1.83% | 2.03% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Wooster, Wayne County, Ohio
In Wooster, 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 Wooster, 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 example, Wooster's median home price is $145,040, with tax bills ranging from $1,837 at the 25th percentile to $5,008 at the 90th percentile. The highest and lowest median tax bills are both $2,631 in the 44691 zip code. 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.
Property Tax Assessment Values Across Wooster, Wayne County, Ohio
Source: Ownwell
$68,990
$178,305
$287,620
Average Wooster Assessed Value
$145,040
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 Wooster, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44691 | $64,550 | $102,920 | $145,040 | $205,870 | $286,180 |
Source: Ownwell
Property Tax Bills Across Wooster, Wayne County, Ohio
In Wooster, located in Wayne County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. The median home price in Wooster is $145,040, and homeowners can expect a range of tax bills depending on their property's assessed value and applicable exemptions. For instance, homeowners in the 25th percentile pay around $1,837 annually, while those in the 75th percentile face bills closer to $3,649. At the 90th percentile, tax bills can reach up to $5,008. These figures highlight the variability in property tax obligations, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Wooster's property tax bills demonstrate the importance of understanding local tax rates and assessed values. Homeowners in the highest and lowest median tax bill zip code of 44691 see an average tax bill of $2,631, reflecting the uniformity within this specific area.
Average Wooster Tax Bill
$2,631
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Wooster, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44691 | $1,117 | $1,837 | $2,631 | $3,649 | $5,008 |
Source: Ownwell