Coshocton, Ohio Property Taxes
The median property tax rate in Coshocton, OH is 1.04%, slightly above the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With a median home value of $56,670 in Coshocton, the typical annual property tax bill amounts to $581, which is well below the national median of $2,690. Property taxes in Coshocton are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Coshocton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Coshocton 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
Coshocton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$589
Ownwell’s Coshocton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coshocton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coshocton 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 Coshocton, Ohio
Property taxes in Coshocton, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Coshocton is 1.22%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Coshocton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coshocton 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 Coshocton's effective property tax rate to other counties in Ohio and the national median. For comparison, 43812 has the highest median property tax rate of 1.22%, while 43812 also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Coshocton 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 Coshocton Tax Rate
1.04%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coshocton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | 0.83% | 0.91% | 1.04% | 1.23% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Coshocton, Ohio
In Coshocton, 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 local 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. 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 Coshocton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coshocton are both $581, found in the 43812 zip code.
Average Coshocton Assessed Value
$56,670
Average Holmes County Assessed Value
$211,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coshocton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | $44,118 | $48,825 | $56,670 | $79,900 | $93,838 |
Source: Ownwell
Property Tax Bills Across Coshocton, Ohio
In Coshocton, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the home's location, size, and any applicable exemptions. For instance, a median home priced at $56,670 will have varying tax bills depending on specific circumstances. Homeowners in Coshocton can expect their tax bills to fall within a range, with the 25th percentile at $510, the 75th percentile at $828, and the 90th percentile reaching up to $976. The highest median tax bill recorded in the area is $581, which is relatively moderate compared to the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate and manage their annual property tax obligations effectively.
Average Coshocton Tax Bill
$581
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Coshocton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | $468 | $510 | $581 | $828 | $976 |
Source: Ownwell