Findlay, Ohio Property Taxes
The median property tax rate in Findlay, OH is 1.69%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $77,600 in Findlay, the typical annual property tax bill amounts to $1,147, which is below the national median of $2,690. Property taxes in Findlay are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Findlay'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 Findlay 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
Findlay, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$1,311
$1,217
Ownwell’s Findlay Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Findlay using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Findlay to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, neighborhood-level trends can be explored further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Findlay, Ohio
Property taxes in Findlay, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Findlay is 1.69%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Findlay set these rates annually, and they can vary across different neighborhoods. Each year, Findlay 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 Findlay's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45840 zip code has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Findlay 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 Findlay Tax Rate
1.69%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Findlay, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45840 | 1.51% | 1.58% | 1.69% | 1.81% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Findlay, Ohio
In Findlay, 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 Findlay, 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. For example, the zip code 45840 has the highest median tax bill at $1147. 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 Findlay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Findlay Assessed Value
$77,600
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 Findlay, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45840 | $18,640 | $40,750 | $77,600 | $114,450 | $136,560 |
Source: Ownwell
Property Tax Bills Across Findlay, Ohio
In Findlay, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the market value, and various factors such as property size, location, and improvements are considered. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Findlay, the median home price is $77,600. Property tax bills can vary significantly, with the 25th percentile at $611 and the 75th percentile reaching $1,682. At the 90th percentile, homeowners may see bills as high as $2,004. The highest median tax bill in the area is $1,147, found in the 45840 zip code. Compared to the national median property tax rate of 0.99%, Findlay's rates can be a substantial financial consideration for homeowners. Understanding how these taxes are calculated helps residents plan their finances and recognize the importance of accurate property assessments.
Average Findlay Tax Bill
$1,147
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Findlay, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45840 | $289 | $611 | $1,147 | $1,682 | $2,004 |
Source: Ownwell