Coal Run, Ohio Property Taxes
The median property tax rate in Coal Run, Ohio is 1.01%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With the median home value in Coal Run at $87,880, the typical annual property tax bill is around $790, which is well below the national median of $2,690. Property taxes in Coal Run are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coal Run'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 Coal Run 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
Coal Run, 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 Coal Run Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coal Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coal Run to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Coal Run, Ohio
Property taxes in Coal Run, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coal Run is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Coal Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coal Run 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 Coal Run's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45721 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Coal Run provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coal Run Tax Rate
1.01%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coal Run, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45721 | 0.73% | 0.82% | 1.01% | 1.03% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Coal Run, Ohio
In Coal Run, 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 Washington 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 Coal Run, 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 Coal Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $790, found in the 45721 zip code.
Average Coal Run Assessed Value
$87,880
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coal Run, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45721 | $58,325 | $75,902 | $87,880 | $105,738 | $179,010 |
Source: Ownwell
Property Tax Bills Across Coal Run, Ohio
In Coal Run, Washington County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the property tax bill, including the assessed value of the home, local tax rates, and any applicable exemptions or deductions. For example, the median home price in Coal Run is $87,880. Homeowners in the 25th percentile of tax bills pay around $539 annually, while those in the 75th percentile pay approximately $1,086. The top 10% of taxpayers face bills as high as $1,826. These property tax bills can significantly affect homeowners, impacting their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Coal Run's property taxes reflect the local economic conditions and funding needs for public services.
Average Coal Run Tax Bill
$790
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Coal Run, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45721 | $487 | $539 | $790 | $1,086 | $1,826 |
Source: Ownwell