Sylvania, Wood County, Ohio Property Taxes
Median Sylvania, OH effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Sylvania, OH home value: $277,300
Median annual Sylvania, OH tax bill: $5,158, $2,758 higher than the national median property tax bill of $2,400.
How are property taxes in Wood County calculated?
Property taxes in Sylvania, 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 Sylvania’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sylvania, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sylvania, Wood County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.86%
Estimate Property Tax Bill
$5,158
$4,786
Ownwell’s Sylvania Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sylvania with just two data points.
By entering your property's estimated assessed value, our calculator applies Sylvania’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 Wood County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Sylvania, Wood County, Ohio
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Sylvania, located in Wood County, Ohio, the effective property tax rate is a focal point for homeowners. With Ohio's median property tax rate at 1.86%, Sylvania's rate offers a unique comparison to other cities within the state and the national median property tax rate of 1.02%. This comparison can be crucial for homeowners when evaluating their property tax bills, which are influenced by local government decisions. Understanding these rates can provide valuable insights into how property taxes impact your financial planning and can help you make informed decisions about property ownership.
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 Sylvania Tax Rate
1.86%
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 Wood County Tax Rate
1.62%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sylvania, Wood County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43560 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Sylvania, Wood County, Ohio
When examining property taxes in Sylvania, 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 Wood 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 Wood 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 Sylvania. For example, the median home price in Sylvania is $277,300, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Sylvania, Wood County, Ohio
Source: Ownwell
$14,750
$135,175
$255,600
Median Sylvania Market Value
$277,300
Median Wood County Market Value
$163,900
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sylvania, Wood County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43560 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Sylvania, Wood County, Ohio
In Sylvania, located in Wood 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 Sylvania is $277,300, and homeowners face a property tax rate that results in a tax bill significantly higher than the national median of $2,400. Specifically, the tax bill at the 25th, 75th, and 90th percentiles is $5,158, indicating a uniformity in tax assessments across various percentiles. This higher-than-average tax burden can have a substantial impact on homeowners, affecting their financial planning and long-term investments.
Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing local market conditions and comparable properties, Ownwell identifies opportunities to challenge over-assessments, potentially lowering tax bills. This service not only helps homeowners save money but also ensures they are paying a fair amount based on accurate property valuations. With Ownwell's expertise, homeowners in Sylvania can achieve significant savings and gain peace of mind regarding their property tax obligations.
Median Sylvania Tax Bill
$5,158
Median Wood County Tax Bill
$2,615
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Sylvania, Wood County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43560 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell