Fort Recovery, Mercer County, Ohio Property Taxes

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

Median Fort Recovery, OH effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Fort Recovery, OH home value: $155,800
Median annual Fort Recovery, OH tax bill: $1959, $441 lower than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

Fort Recovery, Mercer County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$1,838

$1,706

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

Property Tax Rates Across Fort Recovery, Mercer County, Ohio

Local government entities set tax rates, which can vary widely within a state. Why? 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. Below, you can compare Fort Recovery’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. Fort Recovery, situated in Mercer County, holds an effective property tax rate of 1.18%, which matches the county's median rate. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the unique budgetary needs and property values of the area. Understanding these variations can offer valuable insights into how property taxes are determined and their impact on homeowners. As a property owner in Fort Recovery, recognizing these distinctions can help you make informed decisions about your property tax obligations.

Property Tax Rates Across Fort Recovery, Mercer County, Ohio

Source: Ownwell

1.18%

1.45%

1.73%

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 Fort Recovery Tax Rate

1.18%

Median Effective Mercer County Tax Rate

1.53%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Recovery, Mercer County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45846	1.07%	1.10%	1.18%	1.33%	1.36%

Source: Ownwell

Property Tax Assessment Values Across Fort Recovery, Mercer County, Ohio

When examining property taxes in Fort Recovery, 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 Mercer 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.

Assessment notices: In Mercer 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 Fort Recovery. For example, the median home price in Fort Recovery is $155,800, with tax bills ranging significantly across the county. Zip code 45846 has the highest median home price at $155,800.

Property Tax Assessment Values Across Fort Recovery, Mercer County, Ohio

Source: Ownwell

$75,700

$158,050

$240,400

Median Fort Recovery Market Value

$155,800

Median Mercer County Market Value

$129,600

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Recovery, Mercer County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45846	$15,100	$94,800	$155,800	$241,100	$320,960

Source: Ownwell

Property Tax Bills Across Fort Recovery, Mercer County, Ohio

In Fort Recovery, located in Mercer County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, and this value is crucial in calculating the tax bill. Homeowners in Fort Recovery face a median property tax bill of approximately $1,959, which is below the national median of $2,400. Factors such as property size, location, and market conditions are considered when determining the assessed value, directly impacting the tax bill. Homeowners may find themselves paying between $1,279 and $3,819, depending on their property's assessed value and other factors.

Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners secure fairer tax evaluations, potentially leading to significant savings. This expert guidance ensures that homeowners only pay what is necessary, alleviating the financial burden of property taxes.

Property Tax Bills Across Fort Recovery, Mercer County, Ohio

Source: Ownwell

$1,144

$2,277

$3,410

Median Fort Recovery Tax Bill

$1,959

Median Mercer County Tax Bill

$1,932

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Recovery, Mercer County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45846	$455	$1,279	$1,959	$2,863	$3,819

Source: Ownwell