Castalia, Erie County, Ohio Property Taxes
Median Castalia, OH effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Castalia, OH home value: $146,320
Median annual Castalia, OH tax bill: $2,161, $239 lower than the national median property tax bill of $2,400.
How are property taxes in Erie County calculated?
Property taxes in Castalia, 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 Castalia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Castalia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Castalia, Erie County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$2,209
$2,050
Property Tax Rates Across Castalia, Erie County, Ohio
Local government entities set tax rates, which can vary widely within a state. This variation is 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, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
Castalia in Erie County, Ohio, showcases a unique scenario where the effective property tax rate is 1.51%. This rate stands out when compared to other cities in Ohio and the national median property tax rate of 1.02%. While Castalia's rate aligns with the highest and lowest median tax rates within its zip code, it also surpasses the national median, emphasizing the importance of understanding local property tax dynamics.
For homeowners, these rates can significantly impact annual budgets, making it vital to stay informed and consider appealing if necessary. By doing so, residents can ensure they are not overpaying and are contributing fairly to their community's budgetary needs.
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 Castalia Tax Rate
1.51%
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 Erie County Tax Rate
1.63%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Castalia, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44824 | 1.22% | 1.34% | 1.51% | 1.54% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Castalia, Erie County, Ohio
When examining property taxes in Castalia, 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 Erie 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.
In Erie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Castalia.
For example, the median home price in Castalia is $146,320, with tax bills ranging significantly across the county. Zip code 44824 has the highest median home price at $146,320.
Property Tax Assessment Values Across Castalia, Erie County, Ohio
Source: Ownwell
$50,795
$137,238
$223,680
Median Castalia Market Value
$146,320
Median Erie County Market Value
$126,310
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Castalia, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44824 | $72,490 | $109,908 | $146,320 | $194,380 | $251,660 |
Source: Ownwell
Property Tax Bills Across Castalia, Erie County, Ohio
Median Castalia Tax Bill
$2,161
Median Erie County Tax Bill
$2,003
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Castalia, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44824 | $1,061 | $1,634 | $2,161 | $2,825 | $3,723 |
Source: Ownwell