Stone Creek, Ohio Property Taxes
The median property tax rate in Stone Creek, Ohio is 1.17%, which is higher than the national median of 0.99% but below the Ohio state median of 1.80%. With a median home value of $175,490 in Stone Creek, the typical annual property tax bill amounts to $2,235, falling short of the national median of $2,690. Property taxes here are based on the assessed value, which often lies below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stone Creek'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 Stone Creek or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stone Creek, 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 Stone Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stone Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stone Creek 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 Stone Creek, Ohio
Property taxes in Stone Creek, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone Creek is 1.17%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Stone Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stone Creek 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. For comparison, the zip code 43840 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Stone Creek 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 Stone Creek Tax Rate
1.17%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stone Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43840 | 0.74% | 0.98% | 1.17% | 1.26% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Stone Creek, Ohio
In Stone Creek, 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 Stone Creek, 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. The median home price in Stone Creek is $175,490, with annual tax bills ranging significantly. For instance, the highest median tax bill is $2,235 in the zip code 43840, which is also the lowest. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stone Creek Assessed Value
$175,490
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 Stone Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43840 | $57,726 | $102,060 | $175,490 | $242,515 | $275,320 |
Source: Ownwell
Property Tax Bills Across Stone Creek, Ohio
In Stone Creek, located in Coshocton County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $175,490, the tax bill can vary widely. Homeowners in the 25th percentile pay around $1,309 annually, while those in the 75th percentile see bills closer to $2,906. The highest tax bills, reaching the 90th percentile, can be as high as $3,131. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Stone Creek can significantly impact homeowners' financial planning. Understanding these factors is crucial for homeowners to budget effectively and potentially seek appeals or exemptions to reduce their tax burden.
Average Stone Creek Tax Bill
$2,235
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stone Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43840 | $624 | $1,309 | $2,235 | $2,906 | $3,131 |
Source: Ownwell