Marysville, Delaware County, Ohio Property Taxes
Median Marysville, OH effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Marysville, OH home value: $329,300
Median annual Marysville, OH tax bill: $4,015, $1,615 higher than the national median property tax bill of $2,400.
How are property taxes in Delaware County calculated?
Property taxes in Marysville, 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 Marysville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marysville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marysville, Delaware County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$4,017
$3,728
Property Tax Rates Across Marysville, Delaware County, Ohio
Local government entities set tax rates, which can vary widely within a state. This is primarily because each county annually 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Marysville, located in Delaware County, Ohio, the effective property tax rate reflects the state's median rate of 1.22%, which is above the national median of 1.02%. This indicates that property owners in Marysville face higher property tax rates compared to the national average. Such rates can impact the overall affordability of owning property in the area, making it crucial for residents to understand their property tax obligations and explore potential exemptions or appeals. By comparing Marysville's effective property tax rate to other cities in Ohio and the median property tax rates in the U.S., property owners can gain valuable insights into their tax liabilities and opportunities for savings.
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 Marysville Tax Rate
1.22%
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 Delaware County Tax Rate
1.78%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Marysville, Delaware County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43040 | 1.08% | 1.18% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Marysville, Delaware County, Ohio
When examining property taxes in Marysville, 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 Delaware County Auditor 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: Delaware County sends assessment notices 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 Marysville.
For example, the median home price in Marysville is $329,300, with tax bills ranging significantly across the county. Zip code 43040 has the highest median home price at $329,300, aligning with the national median values.
Property Tax Assessment Values Across Marysville, Delaware County, Ohio
Source: Ownwell
$143,300
$533,700
$924,100
Median Marysville Market Value
$329,300
Median Delaware County Market Value
$406,400
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Marysville, Delaware County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43040 | $121,840 | $216,700 | $329,300 | $477,100 | $547,720 |
Source: Ownwell
Property Tax Bills Across Marysville, Delaware County, Ohio
In Marysville, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Factors such as local tax rates and levies also play a crucial role in determining the final tax bill. Homeowners in Marysville face a median property tax bill of $4,015, which is significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings and guides homeowners through the appeal process. This service can be particularly beneficial for those in Marysville, where property tax bills can reach as high as $6,663 for some homeowners. With Ownwell's expertise, homeowners can ensure they are not overpaying and can achieve a fair and equitable tax bill.
Median Marysville Tax Bill
$4,015
Median Delaware County Tax Bill
$7,016
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Marysville, Delaware County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43040 | $1,313 | $2,261 | $4,015 | $5,218 | $6,663 |
Source: Ownwell