Bowling Green, Ohio Property Taxes
The median property tax rate in Bowling Green, OH is 1.51%, 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 Bowling Green at $193,000, the typical annual property tax bill reaches $2,853, surpassing the national median of $2,690. Property taxes in Bowling Green are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bowling Green'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 Bowling Green 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
Bowling Green, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,914
Ownwell’s Bowling Green Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bowling Green with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bowling Green to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by Wood County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bowling Green, Ohio
Property taxes in Bowling Green, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowling Green is 1.51%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bowling Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowling Green 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 Bowling Green's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43402 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these areas compare with Bowling Green 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 Bowling Green Tax Rate
1.51%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowling Green, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43402 | 1.34% | 1.49% | 1.51% | 1.54% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Bowling Green, Ohio
In Bowling Green, 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 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 Bowling Green, 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 Bowling Green is $193,000, with tax bills ranging from $1,874 at the 25th percentile to $5,323 at the 90th percentile. The highest and lowest median tax bills, both at $2,853, are found in the 43402 zip code. 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 Bowling Green helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bowling Green Assessed Value
$193,000
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 Bowling Green, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43402 | $15,540 | $125,900 | $193,000 | $263,100 | $354,500 |
Source: Ownwell
Property Tax Bills Across Bowling Green, Ohio
In Bowling Green, Ohio, 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 actual tax bill. The median home price in Bowling Green is $193,000, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,874, while the 75th percentile tax bill reaches $3,926, and the 90th percentile tax bill can be as high as $5,323. Homeowners in Bowling Green experience a median property tax bill of $2,853, which is higher than the national median property tax rate of 0.99%. This higher rate can impact homeowners by increasing their annual housing costs. Factors considered in determining the tax bill include the property's location within Wood County, any applicable exemptions, and the specific tax rate set by local government entities. Understanding these elements can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Bowling Green Tax Bill
$2,853
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowling Green, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43402 | $235 | $1,874 | $2,853 | $3,926 | $5,323 |
Source: Ownwell