Edgerton, Ohio Property Taxes
The median property tax rate in Edgerton, OH is 1.47%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Edgerton at $102,150, the typical annual property tax bill is $1,404, falling short of the national median of $2,690. Property taxes in Edgerton are calculated based on the tax assessed value, which often falls below market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Edgerton'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 Edgerton 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
Edgerton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,502
$1,393
Ownwell’s Edgerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgerton 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 Edgerton, Ohio
Property taxes in Edgerton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgerton is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Edgerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgerton 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 Edgerton's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43517 has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Edgerton 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 Edgerton Tax Rate
1.47%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgerton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43517 | 1.00% | 1.38% | 1.47% | 1.47% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Edgerton, Ohio
In Edgerton, 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 Edgerton, 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. The median home price in Edgerton is $102,150, with tax bills ranging from $1,009 at the 25th percentile to $2,036 at the 75th percentile, and up to $2,979 at the 90th percentile. The zip code with the highest and lowest median tax bill is 43517, both at $1,404. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edgerton Assessed Value
$102,150
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 Edgerton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43517 | $46,440 | $71,825 | $102,150 | $150,475 | $240,730 |
Source: Ownwell
Property Tax Bills Across Edgerton, Ohio
In Edgerton, Ohio, located in Williams County, property tax bills are calculated by considering the assessed value of a home and the local tax rate. The median home price in Edgerton stands at $102,150. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary based on the specific needs and budget requirements of the county and city. Homeowners in Edgerton can expect their property tax bills to fall within a range depending on their home's assessed value. For instance, the 25th percentile tax bill is approximately $1,009, while the 75th percentile tax bill reaches around $2,036. At the higher end, the 90th percentile tax bill is about $2,979. Comparatively, the national median property tax rate is 0.99%, making Edgerton’s property tax bills relatively manageable for homeowners. These tax bills contribute significantly to local services such as schools, infrastructure, and public safety, impacting the overall quality of life in Edgerton. Understanding these factors helps homeowners anticipate their financial obligations and the benefits they receive in return.
Average Edgerton Tax Bill
$1,404
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgerton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43517 | $636 | $1,009 | $1,404 | $2,036 | $2,979 |
Source: Ownwell