Duncan Falls, Ohio Property Taxes
The median property tax rate in Duncan Falls, OH is 1.14%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $103,850, the typical annual property tax bill in Duncan Falls comes to $1,163, which is below the national median of $2,690. Property taxes in Duncan Falls are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Duncan Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Duncan Falls or another part of Muskingum County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duncan Falls, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,184
Ownwell’s Duncan Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duncan Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duncan Falls 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 Duncan Falls, Ohio
Property taxes in Duncan Falls, Ohio, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Duncan Falls is 1.14%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Duncan Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duncan Falls 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 Duncan Falls' effective property tax rate to other counties in Ohio and the national median. For comparison, the 43734 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Duncan Falls provides valuable insights into the varying tax landscape across Muskingum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duncan Falls Tax Rate
1.14%
Average Muskingum County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duncan Falls, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43734 | 0.93% | 1.14% | 1.14% | 1.17% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Duncan Falls, Ohio
In Duncan Falls, 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 Muskingum 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 Duncan Falls, 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 Duncan Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Duncan Falls is $103,850. The zip code 43734 has the highest median tax bill at $1,163 and the lowest median tax bill at $1,163. The 25th percentile tax bill is $557, the 75th percentile tax bill is $1,693, and the 90th percentile tax bill is $2,346.
Average Duncan Falls Assessed Value
$103,850
Average Muskingum County Assessed Value
$90,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duncan Falls, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43734 | $6,410 | $54,700 | $103,850 | $148,725 | $205,280 |
Source: Ownwell
Property Tax Bills Across Duncan Falls, Ohio
In Duncan Falls, located in Muskingum County, OH, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Duncan Falls is $103,850. Local tax authorities then apply the property tax rate to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is $557, while those in the 75th percentile pay around $1,693. At the 90th percentile, homeowners see tax bills as high as $2,346. Comparatively, the highest median tax bill in the area is $1,163, which aligns with the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses and overall financial planning.
Average Duncan Falls Tax Bill
$1,163
Average Muskingum County Tax Bill
$1,192
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Duncan Falls, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43734 | $86 | $557 | $1,163 | $1,693 | $2,346 |
Source: Ownwell