Etna, Ohio Property Taxes
The median property tax rate in Etna, OH is 2.22%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Etna, the typical annual property tax bill reaches $4,584, exceeding the national median of $2,690. Property taxes in Etna 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 Etna'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 Etna or another part of Licking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Etna, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$4,540
Ownwell’s Etna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Etna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Etna 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 Etna, Ohio
Property taxes in Etna, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Etna is 2.22%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Etna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Etna 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 Etna's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43018 has the highest median property tax rate of 2.22%, while the zip code 43046 has the lowest median tax rate of 2.22%. Understanding how these cities compare with Etna provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Etna Tax Rate
2.22%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Etna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43018 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
| 43046 | 1.44% | 2.22% | 2.22% | 2.22% | 2.22% |
| 43062 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
| 43068 | 2.22% | 2.22% | 2.22% | 3.27% | 3.27% |
| 43147 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Etna, Ohio
In Etna, 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 Licking 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 Etna, 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. For instance, the highest median tax bill in Etna is $5,246 in the 43147 zip code, while the lowest is $2,206 in the 43018 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Etna Assessed Value
$204,500
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Etna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43018 | $51,900 | $79,600 | $103,700 | $134,600 | $169,100 |
| 43046 | $156,100 | $199,250 | $247,300 | $346,525 | $470,540 |
| 43062 | $55,110 | $175,200 | $214,250 | $260,550 | $314,300 |
| 43068 | $50,600 | $125,150 | $167,600 | $213,600 | $275,440 |
| 43147 | $208,340 | $221,000 | $236,800 | $263,850 | $287,960 |
Source: Ownwell
Property Tax Bills Across Etna, Ohio
In Etna, located in Licking County, OH, property tax bills are calculated based on the assessed value of a home, not its market value. The county assessor determines the assessed value, which is typically a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Etna, the median home price is $204,500. Property tax bills can vary significantly, with the 25th percentile at $3,573 and the 75th percentile at $5,698, while the 90th percentile reaches $7,051. The highest median tax bill in the area is $5,246 in the 43147 zip code, while the lowest is $2,206 in the 43018 zip code. These factors directly impact homeowners, as higher assessed values and tax rates lead to higher tax bills. Compared to the national median property tax rate of 0.99%, Etna's tax rates can be considered high, affecting the overall affordability of homeownership in the area.
Average Etna Tax Bill
$4,584
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Etna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43018 | $982 | $1,729 | $2,206 | $2,980 | $3,757 |
| 43046 | $3,171 | $4,309 | $5,183 | $7,005 | $7,847 |
| 43062 | $1,395 | $3,892 | $4,743 | $5,797 | $7,153 |
| 43068 | $1,403 | $3,135 | $3,978 | $5,157 | $6,839 |
| 43147 | $4,585 | $4,898 | $5,246 | $5,862 | $6,398 |
Source: Ownwell