Canal Fulton, Wayne County, Ohio Property Taxes

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

Median Canal Fulton, OH effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%. Median Canal Fulton, OH home value: $233,270. Median annual Canal Fulton, OH tax bill: $3,571, $1,171 higher than the national median property tax bill of $2,400. How are property taxes in Wayne County calculated? Property taxes in Canal Fulton, 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 Canal Fulton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canal Fulton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Canal Fulton, Wayne County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$3,546

$3,290

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

Property Tax Rates Across Canal Fulton, Wayne County, Ohio

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its budget requirements to provide necessary services. They then divide this budget by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Canal Fulton in Wayne County, Ohio, offers a unique perspective on property tax rates. The effective property tax rate here stands out when compared to other cities in Ohio and the national median. Ohio's median tax rate is higher than the national median, which is 1.02%. This indicates that homeowners in Canal Fulton might experience a different tax burden compared to the national average. Understanding these rates can be crucial for potential homeowners or investors considering property in this region. By examining Canal Fulton's property tax rate alongside state and national figures, individuals can make informed decisions about their property investments in Ohio.

Property Tax Rates Across Canal Fulton, Wayne County, Ohio

Source: Ownwell

1.61%

1.80%

1.99%

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 Canal Fulton Tax Rate

1.52%

Median Effective Wayne County Tax Rate

1.80%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canal Fulton, Wayne County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44614	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Canal Fulton, Wayne County, Ohio

When examining property taxes in Canal Fulton, 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 Wayne 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 Wayne 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 Canal Fulton. For example, the median home price in Canal Fulton is $233,270, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Canal Fulton, Wayne County, Ohio

Source: Ownwell

$68,990

$178,305

$287,620

Median Canal Fulton Market Value

$233,270

Median Wayne County Market Value

$144,025

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canal Fulton, Wayne County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44614	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Canal Fulton, Wayne County, Ohio

In Canal Fulton, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Wayne County, where Canal Fulton is located, the tax bill can vary widely, with the 25th percentile at $2,472 and the 75th percentile reaching $4,162. This range indicates that many homeowners may pay more than the national median property tax bill of $2,400. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, potentially leading to higher tax bills. For homeowners, this means that staying informed about their property's assessed value and understanding the local tax rate is crucial. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By evaluating the assessed value and ensuring it aligns with market conditions, Ownwell helps homeowners save money on their property tax bills.

Property Tax Bills Across Canal Fulton, Wayne County, Ohio

Source: Ownwell

$1,150

$2,767

$4,384

Median Canal Fulton Tax Bill

$3,571

Median Wayne County Tax Bill

$2,548

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Canal Fulton, Wayne County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44614	N/A	N/A	N/A	N/A	N/A

Source: Ownwell