Alvada, Ohio Property Taxes
The median property tax rate in Alvada, OH is 1.19%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $157,830 in Alvada, the typical annual property tax bill amounts to $1,880, falling below the national median of $2,690. Property taxes in Alvada are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Alvada'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 Alvada or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alvada, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,878
$1,743
Ownwell’s Alvada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alvada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alvada 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 Alvada, Ohio
Property taxes in Alvada, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alvada is 1.19%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alvada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alvada 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 Alvada's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44802 zip code has the highest median property tax rate of 1.19%, while the 44802 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Alvada provides valuable insights into the varying tax landscape across Wyandot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alvada Tax Rate
1.19%
Average Wyandot County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alvada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44802 | 0.89% | 1.00% | 1.19% | 1.30% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Alvada, Ohio
In Alvada, 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 Wyandot 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 Alvada, 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 Alvada is $157,830, with tax bills ranging from $1,546 at the 25th percentile to $5,243 at the 90th percentile. The highest and lowest median tax bills are both $1,880, found in the 44802 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 Alvada Assessed Value
$157,830
Average Wyandot County Assessed Value
$93,115
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alvada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44802 | $100,110 | $121,755 | $157,830 | $450,845 | $626,654 |
Source: Ownwell
Property Tax Bills Across Alvada, Ohio
In Alvada, located in Wyandot County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Alvada is $157,830. Property taxes are determined by multiplying the assessed value by the local tax rate, which is compared against the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's market value and any applicable exemptions. For instance, homeowners in the 25th percentile pay around $1,546 annually, while those in the 75th percentile face a tax bill of approximately $3,982. At the higher end, the 90th percentile tax bill reaches about $5,243. This variation in tax bills can significantly impact homeowners, influencing their overall cost of living and potentially affecting their long-term financial planning. The highest and lowest median tax bill in the area stands at $1,880, indicating a relatively consistent tax burden across different zip codes within Alvada.
Average Alvada Tax Bill
$1,880
Average Wyandot County Tax Bill
$1,190
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alvada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44802 | $1,346 | $1,546 | $1,880 | $3,982 | $5,243 |
Source: Ownwell