Baltic, Ohio Property Taxes
The median property tax rate in Baltic, Ohio is 1.50%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $173,540, the typical annual property tax bill in Baltic reaches $2,308, slightly below the national median of $2,690. Property taxes in Baltic are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Baltic's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Baltic or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baltic, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Baltic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baltic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baltic to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Baltic, Ohio
Property taxes in Baltic, Ohio, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baltic is 1.50%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Baltic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baltic estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Baltic's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43804 zip code has both the highest and lowest median property tax rate of 1.50%. Understanding how these cities compare with Baltic provides valuable insights into the varying tax landscape across Coshocton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baltic Tax Rate
1.50%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baltic, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | 0.62% | 1.11% | 1.50% | 1.53% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Baltic, Ohio
In Baltic, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Coshocton County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Baltic, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Baltic is $2,308 in the 43804 zip code, while the lowest median tax bill is also $2,308 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baltic Assessed Value
$173,540
Average Coshocton County Assessed Value
$88,930
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baltic, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | $36,824 | $89,885 | $173,540 | $274,240 | $815,562 |
Source: Ownwell
Property Tax Bills Across Baltic, Ohio
In Baltic, located in Coshocton County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Baltic is $173,540. The property tax rate is applied to the assessed value to determine the tax bill. In Baltic, property tax bills vary significantly. For example, the 25th percentile tax bill is $1,087, while the 75th percentile tax bill reaches $3,415. At the higher end, the 90th percentile tax bill is $4,775. These property tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, the tax rates in Baltic reflect the local economic conditions and public service funding needs.
Average Baltic Tax Bill
$2,308
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Baltic, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | $549 | $1,087 | $2,308 | $3,415 | $4,775 |
Source: Ownwell