Elida, Allen County, Ohio Property Taxes
Median Elida, OH effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Elida, OH home value: $97,300
Median annual Elida, OH tax bill: $1,603, $797 lower than the national median property tax bill of $2,400.
How are property taxes in Allen calculated?
Property taxes in Elida, OH 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 Elida’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elida, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elida, Allen County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.75%
Estimate Property Tax Bill
$1,703
$1,580
Property Tax Rates Across Elida, Allen County, Ohio
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Elida, located in Allen County, Ohio, the property tax dynamics are quite interesting. The effective property tax rate here is 1.75%, which is higher than the national median of 1.02%. This rate places Elida at the higher end of the spectrum in comparison to other cities within Ohio. Despite this, the uniformity in the tax rate across the region, with both the highest and lowest rates being the same, indicates a stable tax environment. This stability can be appealing to property owners who prefer predictable expenses. As you consider your property tax obligations, understanding these local nuances can be crucial in managing your financial planning effectively.
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 Elida Tax Rate
1.75%
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 Allen County Tax Rate
1.57%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elida, Allen County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45807 | 1.28% | 1.43% | 1.75% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Elida, Allen County, Ohio
When examining property taxes in Elida, OH, 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 Allen 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.
In Allen 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 Elida. For example, the median home price in Elida is $97,300, with tax bills ranging significantly across the county. Zip code 45807 has the highest median home price at $97,300.
Property Tax Assessment Values Across Elida, Allen County, Ohio
Source: Ownwell
$35,400
$115,575
$195,750
Median Elida Market Value
$97,300
Median Allen County Market Value
$103,100
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elida, Allen County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45807 | $65,500 | $75,900 | $97,300 | $131,700 | $149,100 |
Source: Ownwell
Property Tax Bills Across Elida, Allen County, Ohio
Median Elida Tax Bill
$1,603
Median Allen County Tax Bill
$1,550
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Elida, Allen County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45807 | $834 | $1,244 | $1,603 | $2,055 | $2,553 |
Source: Ownwell