Mount Gilead, Morrow County, Ohio Property Taxes
Median Mount Gilead, OH effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Mount Gilead, OH home value: $84,200
Median annual Mount Gilead, OH tax bill: $1,420, $980 lower than the national median property tax bill of $2,400.
How are property taxes in Morrow County calculated?
Property taxes in Mount Gilead, 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 Mount Gilead’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Gilead, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Gilead, Morrow County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.6%
Estimate Property Tax Bill
$1,347
$1,250
Property Tax Rates Across Mount Gilead, Morrow County, Ohio
Local government entities set tax rates, which can vary widely within a state. 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 Mount Gilead’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
Mount Gilead, located in Morrow County, has an effective property tax rate of 1.60%, which is notably higher than the national median of 1.02%. This rate is consistent across the region, with both the highest and lowest median tax rates in the area being 1.60%. However, when compared to the national median property tax bill of $2,400, Mount Gilead's property tax situation may reflect different local economic factors and budgetary needs. Understanding these differences can provide valuable insights for property owners looking to navigate the complexities of property taxes in Ohio.
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 Mount Gilead Tax Rate
1.60%
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 Morrow County Tax Rate
1.58%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Gilead, Morrow County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43338 | 1.39% | 1.51% | 1.60% | 1.73% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Mount Gilead, Morrow County, Ohio
When examining property taxes in Mount Gilead, 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 Morrow 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 Morrow County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Mount Gilead. For example, the median home price in Mount Gilead is $84,200, with tax bills ranging significantly across the county. Zip code 43338 has the highest median home price at $84,200.
Property Tax Assessment Values Across Mount Gilead, Morrow County, Ohio
Source: Ownwell
$41,500
$99,850
$158,200
Median Mount Gilead Market Value
$84,200
Median Morrow County Market Value
$98,100
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Gilead, Morrow County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43338 | $2,600 | $8,600 | $84,200 | $154,800 | $240,620 |
Source: Ownwell
Property Tax Bills Across Mount Gilead, Morrow County, Ohio
In Mount Gilead, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the home's market value, and the local tax rate is applied to this assessed value to calculate the tax bill. In Morrow County, the median property tax bill is $1,420, which is below the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For homeowners, this means that any changes to their property's characteristics can impact their tax liability.
Ownwell offers valuable assistance to homeowners in Mount Gilead by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills. With expertise in navigating local tax regulations, Ownwell ensures homeowners pay only their fair share, helping them save money and reduce financial stress.
Median Mount Gilead Tax Bill
$1,420
Median Morrow County Tax Bill
$1,602
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Gilead, Morrow County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43338 | $89 | $168 | $1,420 | $2,441 | $3,736 |
Source: Ownwell