Bryan, Ohio Property Taxes
The median property tax rate in Bryan, Ohio is 1.70%, which is significantly higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $112,300 in Bryan, the typical annual property tax bill amounts to $1,783, which is lower than the national median of $2,690. Property taxes in Bryan are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Bryan's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in Bryan or another part of Williams County, familiarizing yourself with the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Bryan, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$1,909
Ownwell’s Bryan Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bryan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryan to provide an estimate of your property tax bill. This user-friendly tool helps you understand potential tax liabilities, giving you a clearer financial picture. For those interested in exploring trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Bryan, Ohio
Property taxes in Bryan, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryan is 1.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bryan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryan 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 Bryan's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43506 zip code has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Bryan 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 Bryan Tax Rate
1.70%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | 1.24% | 1.47% | 1.70% | 1.74% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Bryan, Ohio
In Bryan, 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 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 Bryan, 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 Bryan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43506 has the highest and lowest median tax bill at $1783.
Average Bryan Assessed Value
$112,300
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 Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | $55,000 | $77,875 | $112,300 | $159,300 | $225,120 |
Source: Ownwell
Property Tax Bills Across Bryan, Ohio
In Bryan, 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 market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. In Bryan, homeowners experience varying tax bills, with the 25th percentile paying around $1,226 annually, while those in the 75th percentile see bills up to $2,591. The highest median tax bill recorded in Bryan is $1,783, which is slightly above the national median property tax rate of 0.99%. Factors influencing these variations include property size, location, and any applicable exemptions or abatements. For homeowners, understanding these factors is crucial as they directly impact the annual tax burden, which can affect overall affordability and long-term financial planning.
Average Bryan Tax Bill
$1,783
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | $848 | $1,226 | $1,783 | $2,591 | $3,574 |
Source: Ownwell