Curtice, Ohio Property Taxes
The median property tax rate in Curtice, OH is 1.17%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $44,850 in Curtice, the typical annual property tax bill amounts to $431, which is significantly lower than the national median of $2,690. Property taxes in Curtice are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Curtice'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 Curtice or another part of Wood County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Curtice, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$525
$487
Ownwell’s Curtice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Curtice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Curtice 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 Curtice, Ohio
Property taxes in Curtice, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Curtice is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Curtice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Curtice 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 Curtice's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43412 zip code has the highest median property tax rate of 1.17%, while the 43412 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Curtice 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 Curtice Tax Rate
1.17%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Curtice, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | 1.00% | 1.06% | 1.17% | 1.27% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Curtice, Ohio
In Curtice, 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 Curtice, 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. With a median home price of $44,850, property tax bills vary significantly. For instance, the tax bill at the 25th percentile is $222, while at the 75th percentile, it reaches $640. The highest median tax bill in Curtice is $431, found in the 43412 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Curtice Assessed Value
$44,850
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 Curtice, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | $9,690 | $22,875 | $44,850 | $66,825 | $80,010 |
Source: Ownwell
Property Tax Bills Across Curtice, Ohio
In Curtice, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors such as property size, location, and improvements can influence the assessed value. For example, with a median home price of $44,850 in Curtice, homeowners can expect their property tax bills to vary. The 25th percentile tax bill is around $222, while the 75th percentile tax bill reaches up to $640. At the 90th percentile, the tax bill can climb to $766. These figures illustrate how property taxes can vary significantly even within the same area, affecting homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate stands at 0.99%, and understanding these local variations helps homeowners in Curtice plan and budget for their annual property tax expenses effectively.
Average Curtice Tax Bill
$431
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Curtice, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | $96 | $222 | $431 | $640 | $766 |
Source: Ownwell