Alvordton, Ohio Property Taxes
The median property tax rate in Alvordton, OH is 1.52%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $79,150 in Alvordton, the typical annual property tax bill amounts to $1,149, falling below the national median of $2,690. Property taxes in Alvordton are based on the tax assessed value, which often is less than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Alvordton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in notable annual savings. Whether you're in the heart of Alvordton or another part of Williams County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Alvordton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,203
$1,116
Ownwell’s Alvordton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alvordton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alvordton 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 Alvordton, Ohio
Property taxes in Alvordton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alvordton is 1.52%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alvordton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alvordton 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 Alvordton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43501 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these areas compare with Alvordton provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alvordton Tax Rate
1.52%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alvordton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43501 | 0.81% | 1.23% | 1.52% | 1.55% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Alvordton, Ohio
In Alvordton, 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 local 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 Alvordton, 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 Alvordton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $79,150, with the highest and lowest median tax bills both at $1,149 in the 43501 zip code.
Average Alvordton Assessed Value
$79,150
Average Williams County Assessed Value
$99,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alvordton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43501 | $14,520 | $41,400 | $79,150 | $142,650 | $303,250 |
Source: Ownwell
Property Tax Bills Across Alvordton, Ohio
In Alvordton, located in Williams County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price here is $79,150. Property tax rates in this area are applied to the assessed value to determine the tax bill. Various factors such as local government budgets, school district funding, and public service needs influence the tax rate. Homeowners in Alvordton can expect their property tax bill to vary significantly. For example, the tax bill at the 25th percentile is $567, while at the 75th percentile, it rises to $2,014, and at the 90th percentile, it can reach up to $2,881. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand these local variations. These tax obligations can impact household budgets, influencing decisions on homeownership and long-term financial planning. The highest and lowest median tax bill in the area both stand at $1,149, indicating some consistency within certain parts of the region.
Average Alvordton Tax Bill
$1,149
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alvordton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43501 | $209 | $567 | $1,149 | $2,014 | $2,881 |
Source: Ownwell