Gnadenhutten, Ohio Property Taxes
The median property tax rate in Gnadenhutten, OH is 1.32%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $108,840 in Gnadenhutten, the typical annual property tax bill amounts to $1,397, falling below the national median of $2,690. Property taxes in Gnadenhutten are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Gnadenhutten'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 Gnadenhutten 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
Gnadenhutten, 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 Gnadenhutten Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gnadenhutten with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gnadenhutten 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 Gnadenhutten, Ohio
Property taxes in Gnadenhutten, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gnadenhutten is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gnadenhutten set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gnadenhutten 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 Gnadenhutten's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44629 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Gnadenhutten provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gnadenhutten Tax Rate
1.32%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gnadenhutten, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44629 | 1.03% | 1.26% | 1.32% | 1.35% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Gnadenhutten, Ohio
In Gnadenhutten, 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 Tuscarawas 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 Gnadenhutten, 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 Gnadenhutten helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 44629 has the highest and lowest median tax bill at $1,397.
Average Gnadenhutten Assessed Value
$108,840
Average Tuscarawas County Assessed Value
$122,160
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gnadenhutten, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44629 | $36,992 | $84,110 | $108,840 | $146,230 | $205,866 |
Source: Ownwell
Property Tax Bills Across Gnadenhutten, Ohio
Property tax bills in Gnadenhutten, located in Tuscarawas County, Ohio, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Gnadenhutten, the median home price is $108,840. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, improvements, and any applicable exemptions. For instance, homes in the 25th percentile have tax bills around $986, while those in the 75th percentile see bills closer to $1,869. At the 90th percentile, the tax bill can go up to $2,666. These figures highlight the variability in property tax bills within the city, which can significantly impact homeowners' annual expenses. Comparatively, the median property tax bill in Gnadenhutten is $1,397, which is higher than the national median property tax rate of 0.99%. This underscores how local factors can lead to variations in property tax obligations.
Average Gnadenhutten Tax Bill
$1,397
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Gnadenhutten, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44629 | $473 | $986 | $1,397 | $1,869 | $2,666 |
Source: Ownwell