Fostoria, Wood County, Ohio Property Taxes
Median Fostoria, OH effective property tax rate: 1.82%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Fostoria, OH home value: $118,300
Median annual Fostoria, OH tax bill: $1,941, $459 lower than the national median property tax bill of $2,400.
How are property taxes in Wood County calculated?
Property taxes in Fostoria, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fostoria’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fostoria, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fostoria, Wood County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$2,153
$1,998
Ownwell’s Fostoria Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fostoria with just two data points.
By entering your property's estimated assessed value, our calculator applies Fostoria’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wood County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Fostoria, Wood County, Ohio
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Fostoria’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
In Fostoria, located in Wood County, the effective property tax rate stands at 1.82%, which is notably higher than the national median rate of 1.02%. This translates to a higher tax burden for property owners in the area compared to the national average. Ohio's median property tax rate also aligns with Fostoria's, indicating a consistent trend across the state. For homeowners in Fostoria, understanding these rates is crucial for budgeting and financial planning. By appealing property taxes or exploring exemption services, residents can potentially reduce their tax liabilities, aligning their expenses more closely with the national median property tax bill of $2400.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fostoria Tax Rate
1.82%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wood County Tax Rate
1.62%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fostoria, Wood County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44830 | 1.39% | 1.77% | 1.82% | 1.85% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Fostoria, Wood County, Ohio
When examining property taxes in Fostoria, OH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wood County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Wood County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fostoria. For example, the median home price in Fostoria is $118,300, with tax bills ranging significantly across the county. The zip code 44830 has the highest median home price at $118,300.
Property Tax Assessment Values Across Fostoria, Wood County, Ohio
Source: Ownwell
$14,750
$135,175
$255,600
Median Fostoria Market Value
$118,300
Median Wood County Market Value
$163,900
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fostoria, Wood County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44830 | $4,000 | $17,800 | $118,300 | $160,900 | $217,580 |
Source: Ownwell
Property Tax Bills Across Fostoria, Wood County, Ohio
Median Fostoria Tax Bill
$1,941
Median Wood County Tax Bill
$2,615
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Fostoria, Wood County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44830 | $74 | $295 | $1,941 | $2,781 | $3,812 |
Source: Ownwell