Clarington, Ohio Property Taxes
The median property tax rate in Clarington, OH is 1.00%, which is slightly higher than the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With a median home value of $70,245 in Clarington, the typical annual property tax bill amounts to $635, far below the national median of $2,690. Property taxes in Clarington are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Clarington's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial yearly savings. Whether you reside in Clarington or another area within Monroe County, understanding the local property tax landscape is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Clarington, 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 Clarington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarington 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 Clarington, Ohio
Property taxes in Clarington, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarington is 1.00%, higher than both the Ohio state median of 1.00% and the U.S. national median of 0.99%. Local government entities within Clarington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarington 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 Clarington's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43915 zip code has the highest median property tax rate of 1.00%, while the 43915 zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Clarington provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarington Tax Rate
1.00%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43915 | 0.68% | 0.97% | 1.00% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Clarington, Ohio
In Clarington, 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 Monroe County Auditor 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. In Clarington, the median home price stands at $70,245. The tax bill for the 25th percentile is $176, while the 75th percentile tax bill is $1,181, and the 90th percentile tax bill reaches $1,946. Notably, the highest and lowest median tax bills are both $635 in the zip code 43915. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarington Assessed Value
$70,245
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43915 | $3,715 | $17,952 | $70,245 | $131,550 | $231,115 |
Source: Ownwell
Property Tax Bills Across Clarington, Ohio
In Clarington, Monroe County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $70,245, the tax burden can vary significantly. Homeowners in the 25th percentile pay around $176, while those in the 75th percentile see bills closer to $1,181. At the 90th percentile, tax bills can reach up to $1,946. Factors influencing these amounts include the home's location, improvements, and any applicable exemptions. For Clarington homeowners, this variability means that understanding and managing property taxes is crucial. Compared to the national median property tax rate of 0.99%, Clarington's rates reflect local economic conditions and municipal budget needs, directly impacting household finances.
Average Clarington Tax Bill
$635
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43915 | $39 | $176 | $635 | $1,181 | $1,946 |
Source: Ownwell