Bucyrus, Ohio Property Taxes
The median property tax rate in Bucyrus, OH is 1.00%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $86,445, the typical annual property tax bill in Bucyrus amounts to $1,063, which is below the national median of $2,690. Property taxes in Bucyrus are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bucyrus'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 Bucyrus 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
Bucyrus, 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 Bucyrus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucyrus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucyrus 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 Bucyrus, Ohio
Property taxes in Bucyrus, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucyrus is 1.00%, which is slightly above the U.S. national median of 0.99%. Local government entities within Bucyrus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucyrus 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 Bucyrus's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44820 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Bucyrus 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 Bucyrus Tax Rate
1.00%
Average Wyandot County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucyrus, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44820 | 0.66% | 0.84% | 1.00% | 1.15% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Bucyrus, Ohio
In Bucyrus, 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 local 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 Bucyrus, 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 Bucyrus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1063, found in the 44820 zip code.
Average Bucyrus Assessed Value
$86,445
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 Bucyrus, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44820 | $72,841 | $77,058 | $86,445 | $142,045 | $229,444 |
Source: Ownwell
Property Tax Bills Across Bucyrus, Ohio
Property tax bills in Bucyrus, Wyandot County, OH, are calculated based on the assessed value of the property, which is a percentage of its market value. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. In Bucyrus, the median home price is $86,445, and property tax bills vary depending on several factors, including property size, location, and improvements. Homeowners in Bucyrus can expect their tax bills to range significantly. The 25th percentile tax bill is around $910, while the 75th percentile tax bill is approximately $1,239. For those at the higher end, the 90th percentile tax bill can reach up to $1,431. These figures highlight the variability in property tax obligations based on individual property characteristics. Comparatively, the national median property tax rate is 0.99%, making Bucyrus' tax bills relatively moderate. Understanding these calculations helps homeowners budget accordingly and anticipate their annual financial responsibilities.
Average Bucyrus Tax Bill
$1,063
Average Wyandot County Tax Bill
$1,190
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucyrus, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44820 | $760 | $910 | $1,063 | $1,239 | $1,431 |
Source: Ownwell