Edon, Ohio Property Taxes
The median property tax rate in Edon, OH is 1.44%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Edon at $106,000, the typical annual property tax bill comes to $1,435, still below the national median of $2,690. Property taxes in Edon are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Edon's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Edon or another part of the city, familiarizing yourself with the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Edon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,526
$1,416
Ownwell’s Edon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edon 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 Edon, Ohio
Property taxes in Edon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edon is 1.44%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Edon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edon 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 Edon's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43518 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with Edon 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 Edon Tax Rate
1.44%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43518 | 0.87% | 1.20% | 1.44% | 1.47% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Edon, Ohio
In Edon, 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 Edon, 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 Edon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Edon is $1435 in the 43518 zip code, while the lowest median tax bill is also $1435 in the same zip code.
Average Edon Assessed Value
$106,000
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 Edon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43518 | $39,700 | $69,775 | $106,000 | $175,700 | $299,550 |
Source: Ownwell
Property Tax Bills Across Edon, Ohio
In Edon, located in Williams County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county's appraisal office. Various factors such as the home's location, size, and condition are considered during the appraisal process. For homeowners in Edon, the median home price stands at $106,000. The property tax rate in this region influences the tax bills significantly. For instance, the 25th percentile of tax bills is $958, while the 75th percentile reaches $2,270, and the 90th percentile goes up to $3,331. These figures highlight the variability in property tax bills, which can impact homeowners' annual expenses. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Edon to understand their local rates and how they compare. The highest and lowest median tax bills in the area are both recorded at $1,435, indicating a consistent tax rate across certain properties. Understanding these factors helps homeowners plan their finances and manage their property investments effectively.
Average Edon Tax Bill
$1,435
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Edon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43518 | $557 | $958 | $1,435 | $2,270 | $3,331 |
Source: Ownwell