Caldwell, Ohio Property Taxes
The median property tax rate in Caldwell, Ohio is 1.43%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $102,010 in Caldwell, the typical annual property tax bill amounts to $1,459, still below the national median of $2,690. Property taxes in Caldwell are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Caldwell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Caldwell or another part of the city, a thorough knowledge of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caldwell, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,459
Ownwell’s Caldwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caldwell 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 Caldwell, Ohio
Property taxes in Caldwell, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 1.43%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43724 zip code has the highest median property tax rate of 1.43%, while the same 43724 zip code has the lowest median tax rate of 1.43%. Understanding how these cities compare with Caldwell provides valuable insights into the varying tax landscape across Guernsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
1.43%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43724 | 1.41% | 1.41% | 1.43% | 1.81% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Ohio
In Caldwell, 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 Noble 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 Caldwell, 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. Caldwell's median home price is $102,010, with tax bills varying significantly; the 25th percentile is $541, while the 75th percentile reaches $2,267. The highest and lowest median tax bills are both $1,459, found in zip code 43724. Being aware of these valuation processes in Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Caldwell Assessed Value
$102,010
Average Guernsey County Assessed Value
$64,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43724 | $16,041 | $38,258 | $102,010 | $158,182 | $166,755 |
Source: Ownwell
Property Tax Bills Across Caldwell, Ohio
In Caldwell, located in Guernsey County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. The tax rate is then applied to this assessed value. For example, if a home has an assessed value of $102,010, the tax bill can vary significantly within the city. The tax bill for the 25th percentile stands at $541, while the 75th percentile is $2,267, and the 90th percentile reaches $2,373. These figures indicate that homeowners in Caldwell can experience a wide range of property tax obligations, influenced by the assessed value of their homes and the applicable tax rate. Compared to the national median property tax rate of 0.99%, the tax bills in Caldwell reflect the local economic conditions and property values. Homeowners must consider these factors when budgeting for annual expenses, as property taxes can significantly impact their financial planning.
Average Caldwell Tax Bill
$1,459
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43724 | $238 | $541 | $1,459 | $2,267 | $2,373 |
Source: Ownwell