Bloomdale, Ohio Property Taxes
The median property tax rate in Bloomdale, OH is 1.42%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bloomdale at $90,950, the typical annual property tax bill reaches $1,257, which is below the national median of $2,690. Property taxes in Bloomdale are calculated based on the assessed value, which typically falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Bloomdale'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 Bloomdale or another part of Wood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomdale, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Bloomdale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bloomdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomdale 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 Bloomdale, Ohio
Property taxes in Bloomdale, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomdale is 1.42%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bloomdale set these rates annually, and they can vary across different neighborhoods. Each year, Bloomdale 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 Bloomdale's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44817 has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these areas compare with Bloomdale provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomdale Tax Rate
1.42%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44817 | 1.22% | 1.37% | 1.42% | 1.46% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Bloomdale, Ohio
In Bloomdale, 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 Wood 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 Bloomdale, 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 Bloomdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44817, with a median tax bill of $1,257.
Average Bloomdale Assessed Value
$90,950
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44817 | $4,200 | $12,650 | $90,950 | $149,025 | $221,760 |
Source: Ownwell
Property Tax Bills Across Bloomdale, Ohio
In Bloomdale, Wood County, OH, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Various factors such as the property's location, size, and condition are taken into account during this assessment. Homeowners in Bloomdale experience a range of tax bills. For instance, the 25th percentile tax bill is $186, while the 75th percentile tax bill rises significantly to $1,970. At the 90th percentile, the tax bill can reach as high as $3,004. These figures indicate that property taxes can vary widely depending on the assessed value of the home and the applicable tax rate. The median home price in Bloomdale is $90,950, and the property tax rate in Wood County is relatively moderate compared to the national median property tax rate of 0.99%. These taxes play a crucial role in funding local services, impacting homeowners' annual expenses.
Average Bloomdale Tax Bill
$1,257
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44817 | $58 | $186 | $1,257 | $1,970 | $3,004 |
Source: Ownwell