Millersburg, Ohio Property Taxes
The median property tax rate in Millersburg, OH is 1.27%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Millersburg at $180,185, the typical annual property tax bill comes to $1,889, falling short of the national median of $2,690. Property taxes in Millersburg are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Millersburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Millersburg or investing in its real estate, familiarizing yourself with the local property tax system is advantageous for both homeowners and investors.
Last Updated June 14, 2024
Millersburg, 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 Millersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersburg 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 Millersburg, Ohio
Property taxes in Millersburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersburg is 1.27%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Millersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersburg 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 Millersburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44654 zip code has the highest median property tax rate of 1.27%, while the same 44654 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Millersburg 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 Millersburg Tax Rate
1.27%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44654 | 0.43% | 0.70% | 1.27% | 1.51% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Millersburg, Ohio
In Millersburg, 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 Millersburg, 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. For instance, the median home price in Millersburg is $180,185, with tax bills ranging from $1,133 at the 25th percentile to $3,812 at the 90th percentile. The highest and lowest median tax bills are both $1,889, found in zip code 44654. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Millersburg Assessed Value
$180,185
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 Millersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44654 | $42,554 | $93,410 | $180,185 | $341,288 | $606,859 |
Source: Ownwell
Property Tax Bills Across Millersburg, Ohio
In Millersburg, located in Coshocton County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, applied to this assessed value, determines the tax bill. For instance, with a median home price of $180,185, homeowners can expect varying tax bills. The 25th percentile tax bill is $1,133, while the 75th percentile reaches $2,751, and the 90th percentile goes up to $3,812. Factors influencing these amounts include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Millersburg homeowners experience a range of tax burdens depending on their property's assessed value. This variation can significantly impact household budgets, making it crucial for homeowners to understand their tax assessments and explore potential exemptions to reduce their tax liabilities. The highest and lowest median tax bills in the area both stand at $1,889, emphasizing the importance of accurate property assessments in determining fair tax obligations.
Average Millersburg Tax Bill
$1,889
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Millersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44654 | $595 | $1,133 | $1,889 | $2,751 | $3,812 |
Source: Ownwell