Mc Cutchenville, Ohio Property Taxes
The median property tax rate in MC CUTCHENVILLE, OH is 1.30%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $79,140, the typical annual property tax bill in MC CUTCHENVILLE reaches $953, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding MC CUTCHENVILLE'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 CUTCHENVILLE or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Cutchenville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,029
$955
Ownwell’s MC CUTCHENVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CUTCHENVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CUTCHENVILLE 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 Cutchenville, Ohio
Property taxes in Mc Cutchenville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Cutchenville is 1.30%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Mc Cutchenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Cutchenville 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 Cutchenville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44844 zip code has the highest median property tax rate of 1.30%, while the 44844 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Mc Cutchenville 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 Mc Cutchenville Tax Rate
1.30%
Average Wyandot County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Cutchenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44844 | 0.84% | 1.11% | 1.30% | 1.33% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Mc Cutchenville, Ohio
In McCutchenville, 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 McCutchenville, 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 McCutchenville is $79,140, with tax bills ranging from $415 at the 25th percentile to $2,532 at the 90th percentile. The zip code 44844 has the highest and lowest median tax bill of $953. 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 McCutchenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Cutchenville Assessed Value
$79,140
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 Mc Cutchenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44844 | $5,620 | $35,710 | $79,140 | $132,000 | $251,750 |
Source: Ownwell
Property Tax Bills Across Mc Cutchenville, Ohio
In Mc Cutchenville, located in Wyandot County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. For instance, with a median home price of $79,140, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $415, while the 75th percentile reaches $1,585, and the 90th percentile can be as high as $2,532. The property tax rate in this region is influenced by local government budgets and school district funding needs, among other factors. These taxes are crucial for maintaining public services such as schools, roads, and emergency services. Homeowners in Mc Cutchenville should be aware that their property tax bills can fluctuate based on changes in assessed property values and local tax rates, directly impacting their annual financial planning. The highest and lowest median tax bills in this area are both $953, reflecting a relatively stable property tax environment compared to the national median property tax rate of 0.99%.
Average Mc Cutchenville Tax Bill
$953
Average Wyandot County Tax Bill
$1,190
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Cutchenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44844 | $94 | $415 | $953 | $1,585 | $2,532 |
Source: Ownwell