Carroll, Ohio Property Taxes
The median property tax rate in Carroll, OH is 1.53%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Carroll at $265,575, the typical annual property tax bill reaches $3,887, significantly exceeding the national median of $2,690. Property taxes in Carroll are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carroll'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 Carroll 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
Carroll, 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 Carroll Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carroll with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carroll 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 Carroll, Ohio
Property taxes in Carroll, Ohio, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Carroll is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carroll set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carroll 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 Carroll's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43112 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Carroll provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carroll Tax Rate
1.53%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carroll, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43112 | 1.31% | 1.49% | 1.53% | 1.55% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Carroll, Ohio
In Carroll, 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 Fairfield 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 Carroll, 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 Carroll helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43112, amounting to $3,887, while the lowest median tax bill also falls in the same zip code.
Average Carroll Assessed Value
$265,575
Average Fairfield County Assessed Value
$224,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carroll, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43112 | $37,424 | $168,180 | $265,575 | $379,015 | $495,614 |
Source: Ownwell
Property Tax Bills Across Carroll, Ohio
In Carroll, Ohio, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Local tax assessors determine this assessed value, and it is then multiplied by the tax rate set by the county. The tax rate in Carroll is influenced by various factors, including local government budgets, school funding needs, and public services. Homeowners in Carroll see their tax bills vary significantly. For instance, the 25th percentile tax bill is around $2,366, while those in the 75th percentile pay approximately $5,723. At the higher end, the 90th percentile tax bill can reach up to $7,576. These figures highlight the range of property tax burdens within the city, reflecting differences in property values and specific local tax rates. For comparison, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax rates. Homeowners must stay informed about these factors, as they directly impact annual property tax bills and overall housing costs.
Average Carroll Tax Bill
$3,887
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Carroll, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43112 | $531 | $2,366 | $3,887 | $5,723 | $7,576 |
Source: Ownwell