Saint Louisville, Ohio Property Taxes
The median property tax rate in Saint Louisville, OH is 2.00%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $131,250, the typical annual property tax bill in Saint Louisville reaches $2,473, which is still below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Louisville'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 Saint Louisville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Louisville, 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 Saint Louisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Louisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Louisville 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 Saint Louisville, Ohio
Property taxes in Saint Louisville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Louisville is 2.00%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Saint Louisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Louisville 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 Saint Louisville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43071 has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Saint Louisville 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 Saint Louisville Tax Rate
2.00%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Louisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43071 | 1.21% | 1.87% | 2.00% | 2.00% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Saint Louisville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Louisville, Ohio. 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 Saint Louisville, 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 Saint Louisville 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 in zip code 43071, amounting to $2,473.
Average Saint Louisville Assessed Value
$131,250
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 Saint Louisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43071 | $13,850 | $62,075 | $131,250 | $197,250 | $303,550 |
Source: Ownwell
Property Tax Bills Across Saint Louisville, Ohio
In Saint Louisville, located in Licking County, OH, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $131,250, and the tax rate applied to this assessed value determines the annual property tax bill. Key factors influencing the tax bill include the property’s assessed value, local tax rates, and any applicable exemptions. For instance, homeowners in the 25th percentile can expect a tax bill around $1,160, while those in the 75th percentile might see bills as high as $3,616. The highest median tax bill in the area is $2,473, which is notably higher than the national median property tax rate of 0.99%. This variation in tax bills significantly affects homeowners, impacting their annual financial planning and overall cost of homeownership. Understanding these factors is crucial for homeowners to anticipate their property tax obligations accurately.
Average Saint Louisville Tax Bill
$2,473
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Louisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43071 | $249 | $1,160 | $2,473 | $3,616 | $4,843 |
Source: Ownwell