Walhonding, Ohio Property Taxes
The median property tax rate in Walhonding, Ohio is 1.32%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $92,990 in Walhonding, the typical annual property tax bill amounts to $1,148, falling below the national median of $2,690. Property taxes in Walhonding are determined based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Walhonding's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Walhonding or another part of Coshocton County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Walhonding, 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 Walhonding Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walhonding with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walhonding 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 Coshocton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Walhonding, Ohio
Property taxes in Walhonding, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walhonding is 1.32%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Walhonding set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walhonding 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 Walhonding's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43843 zip code has the highest median property tax rate of 1.32%, while the same 43843 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Walhonding 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 Walhonding Tax Rate
1.32%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walhonding, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43843 | 0.47% | 0.90% | 1.32% | 1.35% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Walhonding, Ohio
In Walhonding, 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 Walhonding, 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. Being aware of these valuation processes in Walhonding helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,148 in the 43843 zip code, which also has the lowest median tax bill, demonstrating a unique uniformity in property tax assessments within this region.
Average Walhonding Assessed Value
$92,990
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 Walhonding, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43843 | $16,738 | $53,320 | $92,990 | $223,060 | $421,082 |
Source: Ownwell
Property Tax Bills Across Walhonding, Ohio
In Walhonding, located in Coshocton County, OH, property tax bills are determined based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value. Factors such as property improvements, neighborhood changes, and market trends play a significant role in determining the assessed value. For homeowners in Walhonding, the financial impact can vary widely. The 25th percentile of tax bills is around $579, while those in the 75th percentile can expect to pay approximately $1,949. At the higher end, the 90th percentile tax bill reaches up to $3,087. Comparatively, the median property tax rate in this area is competitive, given the national median property tax rate of 0.99%. Homeowners in Walhonding benefit from relatively manageable property tax bills, which can influence decisions on home purchases and improvements. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Walhonding Tax Bill
$1,148
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Walhonding, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43843 | $208 | $579 | $1,148 | $1,949 | $3,087 |
Source: Ownwell