Mc Clure, Ohio Property Taxes
The median property tax rate in MC CLURE, OH is 1.97%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in MC CLURE at $141,100, the typical annual property tax bill reaches $3,112, exceeding the national median of $2,690. Property taxes in MC CLURE are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding MC CLURE'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 MC CLURE 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
Mc Clure, 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 MC CLURE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLURE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLURE 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 Mc Clure, Ohio
Property taxes in Mc Clure, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Clure is 1.53%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Mc Clure set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Clure 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 Mc Clure's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43534 zip code has the highest median property tax rate of 1.53%, while the 43534 zip code has the lowest median tax rate of 1.53%. Understanding how these cities compare with Mc Clure 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 Mc Clure Tax Rate
1.97%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Clure, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43534 | 1.40% | 1.56% | 1.97% | 2.43% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clure, Ohio
In Mc Clure, 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 Mc Clure, 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 Mc Clure helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mc Clure is $141,100, with tax bills ranging from $2,571 at the 25th percentile to $3,699 at the 90th percentile. The highest and lowest median tax bill in the area is $3,112, both in zip code 43534.
Average Mc Clure Assessed Value
$141,100
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 Mc Clure, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43534 | $67,350 | $107,250 | $141,100 | $216,650 | $242,150 |
Source: Ownwell
Property Tax Bills Across Mc Clure, Ohio
In MC CLURE, OH, located in Wood County, property tax bills are determined by a combination of the assessed value of your property and the local tax rate. The assessed value is a percentage of the property's market value, which is established by the county assessor. Once the assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. Factors influencing the tax bill include property characteristics, market conditions, and any applicable exemptions or abatements. For instance, the median home price in MC CLURE is $141,100, and property taxes can vary significantly. Homeowners at the 25th percentile of tax bills pay around $2,571 annually, while those at the 75th percentile pay approximately $3,551. The highest median tax bill in the area is $3,112. Compared to the national median property tax rate of 0.99%, MC CLURE’s rates can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to anticipate their annual expenses accurately.
Average Mc Clure Tax Bill
$3,112
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Clure, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43534 | $1,507 | $2,571 | $3,112 | $3,551 | $3,699 |
Source: Ownwell