Fostoria, Hancock County, Ohio Property Taxes
Median Fostoria, OH effective property tax rate: 1.89%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Fostoria, OH home value: $101,830
Median annual Fostoria, OH tax bill: $1,726, $674 lower than the national median property tax bill of $2,400.
How are property taxes in Hancock County calculated?
Property taxes in Fostoria, 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 Fostoria’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fostoria, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fostoria, Hancock County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.89%
Estimate Property Tax Bill
$1,925
$1,786
Property Tax Rates Across Fostoria, Hancock County, Ohio
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
Fostoria in Hancock County, Ohio, is an interesting case when examining property tax rates. Its effective property tax rate is notably higher than both the Ohio median and the national median. The median tax rate in Ohio is 1.89%, which is significantly above the national median of 1.02%. This places Fostoria at the higher end of the spectrum within the state.
Understanding these tax rate differences is crucial for property owners and potential buyers, as they directly impact the annual property tax bill. For those in Fostoria, this means being prepared for a higher tax bill compared to many other regions across the country.
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 Fostoria Tax Rate
1.89%
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 Hancock County Tax Rate
1.24%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fostoria, Hancock County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44830 | 1.09% | 1.29% | 1.89% | 1.89% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Fostoria, Hancock County, Ohio
When examining property taxes in Fostoria, 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 Hancock 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 Hancock 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 Fostoria. For example, the median home price in Fostoria is $101,830, with tax bills ranging significantly across the county. Zip code 44830 has the highest median home price at $101,830.
Property Tax Assessment Values Across Fostoria, Hancock County, Ohio
Source: Ownwell
$14,160
$122,165
$230,170
Median Fostoria Market Value
$101,830
Median Hancock County Market Value
$151,760
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fostoria, Hancock County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44830 | $10,120 | $67,090 | $101,830 | $144,875 | $204,010 |
Source: Ownwell
Property Tax Bills Across Fostoria, Hancock County, Ohio
Median Fostoria Tax Bill
$1,726
Median Hancock County Tax Bill
$1,839
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Fostoria, Hancock County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44830 | $204 | $1,203 | $1,726 | $2,255 | $2,945 |
Source: Ownwell