Forest, Marion County, Ohio Property Taxes

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

Median Forest, 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 Forest, Ohio home value: $140,170
Median annual Forest, Ohio tax bill: $1,599, $801 lower than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

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

Last Updated March 1, 2025

Forest, Marion 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

$1,598

$1,483

Ownwell’s Forest Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forest with just two data points. By entering your property's estimated assessed value, our calculator applies Forest’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 Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Forest, Marion County, Ohio

Local government entities set tax rates, which can vary within a state. Each county annually estimates its budget for services and divides that by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. This process involves votes and laws, but this is the basic annual procedure.

In Forest, located in Hardin County, Ohio, the effective property tax rate is 1.14%, which is above the national median property tax rate of 1.02%. This indicates that property taxes in Forest are relatively higher compared to the national average. However, when compared to the overall property tax landscape in Ohio, Forest's rate is in line with the state's median.

Understanding these rates is crucial for property owners, as they impact overall property tax bills. The national median property tax bill is $2,400, providing a benchmark for comparison. Property owners in Forest should be aware of these figures to better manage their tax liabilities and explore potential appeal and exemption services to ensure they are not overpaying on their property taxes.

Property Tax Rates Across Forest, Marion County, Ohio

Source: Ownwell

1.14%

1.43%

1.72%

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 Forest Tax Rate

1.14%

Median Effective Marion County Tax Rate

1.35%

Median Effective Ohio Tax Rate

1.60%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Forest, Marion County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45843	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Forest, Marion County, Ohio

When examining property taxes in Forest, 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 Marion 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 Marion 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 Forest. For example, the median home price in Forest is $140,170, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Forest, Marion County, Ohio

Source: Ownwell

$86,660

$140,530

$194,400

Median Forest Market Value

$140,170

Median Marion County Market Value

$101,140

Median Ohio Market Value

$168,370

Median United States Market Value

$235,294

Property Tax Assessment Values Across Forest, Marion County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45843	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Forest, Marion County, Ohio

In Forest, located in Marion County, Ohio, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $140,170, and homeowners typically face a property tax bill of around $1,599. This figure is consistent across the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application. Compared to the national median property tax bill of $2,400, Forest homeowners generally enjoy lower property taxes. However, the assessed value of a property can fluctuate due to market changes, renovations, or neighborhood developments, impacting the tax bill. For homeowners seeking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing local market trends and property assessments, Ownwell identifies opportunities for tax reductions, ensuring that homeowners only pay their fair share. This service can lead to significant savings, providing financial relief and peace of mind to homeowners in Forest.

Property Tax Bills Across Forest, Marion County, Ohio

Source: Ownwell

$1,326

$1,922

$2,518

Median Forest Tax Bill

$1,598

Median Marion County Tax Bill

$1,426

Median Ohio Tax Bill

$2,789

Median United States Tax Bill

$2,400

Property Tax Bills Across Forest, Marion County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45843	N/A	N/A	N/A	N/A	N/A

Source: Ownwell