Kingsville, Ohio Property Taxes
The median property tax rate in Kingsville, Ohio is 1.67%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Kingsville at $90,000, the typical annual property tax bill reaches $1,414, which is below the national median of $2,690. Property taxes in Kingsville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingsville'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 Kingsville 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
Kingsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$1,503
Ownwell’s Kingsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsville 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 Kingsville, Ohio
Property taxes in Kingsville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsville is 1.67%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kingsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsville 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 Kingsville's effective property tax rate to other areas in Ashtabula County and the national median. For comparison, the zip code 44048 has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Kingsville provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsville Tax Rate
1.67%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44048 | 1.26% | 1.53% | 1.67% | 1.71% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Kingsville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kingsville, Ohio. 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 Ashtabula 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 Kingsville, 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 Kingsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 44048, both at $1,414, compared to the national median property tax rate of 0.99%.
Average Kingsville Assessed Value
$90,000
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44048 | $13,500 | $35,200 | $90,000 | $124,425 | $169,980 |
Source: Ownwell
Property Tax Bills Across Kingsville, Ohio
In Kingsville, located in Ashtabula County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $90,000. Local tax rates are applied to this assessed value to determine the annual tax bill. Multiple factors influence the final tax amount, including the property's location within specific school districts, municipal services, and any applicable exemptions or deductions. Homeowners in Kingsville experience a range of tax bills. For example, those in the 25th percentile pay around $618 annually, while those in the 75th percentile face bills up to $2,021. At the 90th percentile, tax bills can reach as high as $2,860. These figures are notable when compared to the national median property tax rate of 0.99%. Understanding these nuances helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are well-prepared for their property tax responsibilities.
Average Kingsville Tax Bill
$1,414
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44048 | $215 | $618 | $1,414 | $2,021 | $2,860 |
Source: Ownwell