Blakeslee, Ohio Property Taxes
The median property tax rate in Blakeslee, OH is 1.61%, 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 $64,900 in Blakeslee, the typical annual property tax bill amounts to $1,027, surpassing the national median of $2,690. Property taxes in Blakeslee are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Blakeslee's property tax system, exploring available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether you're residing in Blakeslee or investing in property there, a deep knowledge of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blakeslee, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,045
Ownwell’s Blakeslee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blakeslee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blakeslee 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 Blakeslee, Ohio
Property taxes in Blakeslee, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blakeslee is 1.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Blakeslee set these rates annually, and they can vary across different neighborhoods. Each year, Blakeslee 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 Blakeslee's effective property tax rate to other areas in Williams County and the national median. For comparison, the zip code 43505 has both the highest and lowest median property tax rate of 1.61%. Understanding how these areas compare with Blakeslee 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 Blakeslee Tax Rate
1.61%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blakeslee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43505 | 1.18% | 1.60% | 1.61% | 1.64% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Blakeslee, Ohio
In Blakeslee, 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 Williams 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 Blakeslee, 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 Blakeslee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blakeslee is $64,900, with tax bills ranging from $817 at the 25th percentile to $2,108 at the 90th percentile. The highest and lowest median tax bill is $1,027 in zip code 43505.
Average Blakeslee Assessed Value
$64,900
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 Blakeslee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43505 | $18,780 | $51,200 | $64,900 | $92,200 | $142,860 |
Source: Ownwell
Property Tax Bills Across Blakeslee, Ohio
In Blakeslee, located in Williams County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For example, if the median home price in Blakeslee is $64,900, the assessed value will be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. In Blakeslee, the tax bill can vary significantly, with the 25th percentile at $817 and the 75th percentile at $1,339. The 90th percentile reaches up to $2,108, indicating a wide range of tax burdens among homeowners. Comparatively, the national median property tax rate is 0.99%, which helps put these figures into perspective. Understanding these factors is crucial for homeowners in Blakeslee as property taxes can significantly impact their annual expenses.
Average Blakeslee Tax Bill
$1,027
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Blakeslee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43505 | $323 | $817 | $1,027 | $1,339 | $2,108 |
Source: Ownwell