Stryker, Ohio Property Taxes
The median property tax rate in Stryker, OH is 1.61%, notably higher than the national median of 0.99% but still below the Ohio state median of 1.80%. With the median home value in Stryker at $99,800, the typical annual property tax bill amounts to $1,529, which is lower than the national median of $2,690. Property taxes in Stryker are determined based on the assessed value, which tends to be less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Stryker'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 Stryker or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stryker, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,607
$1,491
Ownwell’s Stryker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stryker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stryker 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 Stryker, Ohio
Property taxes in Stryker, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stryker is 1.61%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Stryker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stryker 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 Stryker's effective property tax rate to other regions in Ohio and the national median. For comparison, the zip code 43557 has the highest median property tax rate of 1.61%, while the lowest median tax rate is also 1.61%. Understanding how these areas compare with Stryker 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 Stryker 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 Stryker, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43557 | 1.11% | 1.53% | 1.61% | 1.62% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Stryker, Ohio
In Stryker, 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 Auditor 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 Stryker, 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. The median home price in Stryker is $99,800, with tax bills ranging from $1,050 at the 25th percentile to $3,272 at the 90th percentile. 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 Stryker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stryker Assessed Value
$99,800
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 Stryker, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43557 | $42,520 | $70,375 | $99,800 | $151,700 | $236,060 |
Source: Ownwell
Property Tax Bills Across Stryker, Ohio
In Stryker, 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 property's market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Stryker can expect varying tax bills. For example, the 25th percentile tax bill is approximately $1,050, while those in the 75th percentile may pay around $2,300. At the 90th percentile, the tax bill can reach up to $3,272. The median home price in Stryker is $99,800, which provides context for these figures. Comparatively, the national median property tax rate is 0.99%, and Stryker's tax bills reflect a range of values that can significantly impact homeowners' finances. Understanding these factors is crucial for homeowners to anticipate their property tax obligations accurately.
Average Stryker Tax Bill
$1,529
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stryker, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43557 | $630 | $1,050 | $1,529 | $2,300 | $3,272 |
Source: Ownwell