Waterford, Morgan County, Ohio Property Taxes

Name: Property Tax Bills Across Waterford, Morgan County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waterford, Ohio effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Waterford, Ohio home value: $68,740
Median annual Waterford, Ohio tax bill: $700, $1,700 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

Property taxes in Waterford, Ohio 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 Waterford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waterford, Morgan County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$784

$727

Ownwell’s Waterford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterford with just two data points.

By entering your property's estimated assessed value, our calculator applies Waterford’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 Morgan County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterford, Morgan County, Ohio

Local government entities in Waterford, located in Morgan County, Ohio, determine property tax rates, which can vary significantly across the state. Each year, counties estimate their budgetary needs for public services and divide this requirement by the total assessed value of taxable properties within their jurisdiction. This process results in the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this annual calculation is the core of the process. Waterford's effective property tax rate can be compared to other cities in Ohio and the national median. Ohio's median property tax rate is 1.14%, which is slightly above the national median of 1.02%. This indicates that property taxes in Waterford may be higher than in other parts of the country, making it crucial for property owners to explore potential savings through appeals and exemptions. Understanding how these rates are calculated and what they mean for your property can help you make informed decisions and potentially save on your property tax bill.

Property Tax Rates Across Waterford, Morgan County, Ohio

Source: Ownwell

1.00%

1.07%

1.14%

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 Waterford Tax Rate

1.14%

Median Effective Morgan County Tax Rate

1.12%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waterford, Morgan County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45786	0.55%	0.90%	1.14%	1.16%	1.31%

Source: Ownwell

Property Tax Assessment Values Across Waterford, Morgan County, Ohio

When examining property taxes in Waterford, Ohio, 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 Morgan 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 tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Morgan 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 Waterford. For example, the median home price in Waterford is $68,740, with tax bills ranging significantly across the county. Zip code 45786 has the highest median home price at $68,740.

Property Tax Assessment Values Across Waterford, Morgan County, Ohio

Source: Ownwell

$66,462

$89,969

$113,475

Median Waterford Market Value

$68,740

Median Morgan County Market Value

$34,650

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waterford, Morgan County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45786	$2,382	$16,365	$68,740	$121,575	$144,572

Source: Ownwell

Property Tax Bills Across Waterford, Morgan County, Ohio

In Waterford, Morgan County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, size, improvements, and local tax levies influence the final bill. The median home price in Waterford is $68,740, with property tax bills ranging significantly. For instance, the 25th percentile tax bill is $187, while the 90th percentile reaches $1,641. The median tax bill in the area is $700, which is below the national median of $2,400, indicating a relatively lower tax burden for homeowners in Waterford. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, providing peace of mind and potential savings.

Property Tax Bills Across Waterford, Morgan County, Ohio

Source: Ownwell

$700

$984

$1,267

Median Waterford Tax Bill

$700

Median Morgan County Tax Bill

$705

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterford, Morgan County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45786	$77	$187	$700	$1,340	$1,641

Source: Ownwell