Cutler, Ohio Property Taxes
The median property tax rate in Cutler, OH is 1.39%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Cutler at $67,795, the typical annual property tax bill reaches $850, surpassing the national median of $2,690. Property taxes in Cutler are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Cutler'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 Cutler or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cutler, 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 Cutler Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cutler with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cutler to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Cutler, Ohio
Property taxes in Cutler, Ohio, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Cutler is 1.39%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cutler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cutler 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 Cutler's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45724 zip code has both the highest and lowest median property tax rate of 1.39%. Understanding how these areas compare with Cutler 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 Cutler Tax Rate
1.39%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cutler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45724 | 0.94% | 1.26% | 1.39% | 1.45% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Cutler, Ohio
In Cutler, 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. Assessment notices in Cutler 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. For instance, the zip code with the highest median tax bill in Cutler is 45724, with a median tax bill of $850. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cutler Assessed Value
$67,795
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 Cutler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45724 | $2,142 | $14,532 | $67,795 | $143,872 | $213,435 |
Source: Ownwell
Property Tax Bills Across Cutler, Ohio
Property tax bills in Cutler, located in Washington County, OH, are calculated based on the assessed value of a home, which is a percentage of its market value. The county's tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $67,795, homeowners can expect varying tax bills depending on their specific property assessments. Factors such as property improvements, neighborhood developments, and local government budgets can influence these assessments. In Cutler, the 25th percentile of tax bills is $204, while the 75th percentile reaches up to $1,779. For those at the 90th percentile, tax bills can be as high as $2,584. This range illustrates the variability in tax burdens among homeowners. Compared to the national median property tax rate of 0.99%, the property tax rates in Cutler can significantly impact homeowners' financial planning. Understanding these calculations helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Cutler Tax Bill
$850
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cutler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45724 | $38 | $204 | $850 | $1,779 | $2,584 |
Source: Ownwell