Tarlton, Ohio Property Taxes
The median property tax rate in Tarlton, OH is 1.36%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $76,490 in Tarlton, the typical annual property tax bill is approximately $989, which is below the national median of $2,690. Property taxes in Tarlton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Tarlton'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 Tarlton 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
Tarlton, 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 Tarlton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tarlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarlton 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 Tarlton, Ohio
Property taxes in Tarlton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarlton is 1.36%, higher than the U.S. national median of 0.99%. Local government entities within Tarlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarlton 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 Tarlton's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43156 has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Tarlton provides valuable insights into the varying tax landscape across Pickaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tarlton Tax Rate
1.36%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarlton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43156 | 0.85% | 1.35% | 1.36% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Tarlton, Ohio
In Tarlton, 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 Pickaway 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 Tarlton, 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. The median home price in Tarlton is $76,490, with tax bills ranging from $714 at the 25th percentile to $2,078 at the 90th percentile. The zip code 43156 has the highest median tax bill of $989. 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 Tarlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tarlton Assessed Value
$76,490
Average Pickaway County Assessed Value
$169,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tarlton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43156 | $43,300 | $62,270 | $76,490 | $100,620 | $139,830 |
Source: Ownwell
Property Tax Bills Across Tarlton, Ohio
In Tarlton, located in Pickaway County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $76,490, homeowners in Tarlton can expect their property tax bills to vary. The 25th percentile tax bill is $714, while the 75th percentile tax bill reaches $1,355, and the 90th percentile tax bill can go up to $2,078. These tax bills are influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For homeowners, this means that property taxes can represent a significant portion of their annual expenses, affecting their overall cost of living. In comparison to the national median property tax rate of 0.99%, Tarlton's tax rates can be a crucial factor for potential buyers and current residents when budgeting for homeownership.
Average Tarlton Tax Bill
$989
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarlton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43156 | $411 | $714 | $989 | $1,355 | $2,078 |
Source: Ownwell