Leipsic, Putnam County, Ohio Property Taxes
Median Leipsic, OH effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Leipsic, OH home value: $109,590
Median annual Leipsic, OH tax bill: $1,510, $890 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Leipsic, 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 Leipsic’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leipsic, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leipsic, Putnam County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.38%
Estimate Property Tax Bill
$1,512
$1,403
Property Tax Rates Across Leipsic, Putnam County, Ohio
Local government entities set tax rates, which can vary widely within a state. Each county 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.
Leipsic, located in Putnam County, Ohio, offers a prime example of how property tax rates can differ even within a single state. Compared to other cities in Ohio, Leipsic's effective property tax rate is a reflection of the local government's budgetary needs and the total assessed value of taxable properties. Ohio's median property tax rate stands at 1.38%, which is notably higher than the national median of 1.02%. This difference highlights the variability in property tax rates across the United States.
For homeowners in Leipsic, understanding these rates is crucial, as they directly impact annual property tax bills. With the national median property tax bill at $2,400, the rate in Leipsic could lead to significant differences in what homeowners are expected to pay.
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 Leipsic Tax Rate
1.38%
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 Putnam County Tax Rate
1.30%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leipsic, Putnam County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45856 | 1.00% | 1.20% | 1.38% | 1.42% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Leipsic, Putnam County, Ohio
When examining property taxes in Leipsic, 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 Putnam 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 Putnam 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 Leipsic. For example, the median home price in Leipsic is $109,590, with tax bills ranging significantly across the county. Zip code 45856 has the highest median home price at $109,590.
Property Tax Assessment Values Across Leipsic, Putnam County, Ohio
Source: Ownwell
$74,140
$133,770
$193,400
Median Leipsic Market Value
$109,590
Median Putnam County Market Value
$132,830
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leipsic, Putnam County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45856 | $22,670 | $61,792 | $109,590 | $178,915 | $302,715 |
Source: Ownwell
Property Tax Bills Across Leipsic, Putnam County, Ohio
Median Leipsic Tax Bill
$1,510
Median Putnam County Tax Bill
$1,712
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Leipsic, Putnam County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45856 | $411 | $888 | $1,510 | $2,328 | $3,427 |
Source: Ownwell