North Kingsville, Ohio Property Taxes
The median property tax rate in North Kingsville, OH is 1.35%, higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $98,400, the typical annual property tax bill in North Kingsville is $1,209, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating North Kingsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can yield significant savings. Whether you reside in North Kingsville or elsewhere in Ashtabula County, understanding the local property tax landscape is crucial for homeowners and real estate investors alike.
Last Updated June 14, 2024
North Kingsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,328
Ownwell’s North Kingsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Kingsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North 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 North Kingsville, Ohio
Property taxes in North Kingsville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Kingsville is 1.35%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Kingsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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 North Kingsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44068 has both the highest and lowest median property tax rate of 1.35%. Understanding how these cities compare with North 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 North Kingsville Tax Rate
1.35%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Kingsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44068 | 1.00% | 1.35% | 1.35% | 1.38% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across North Kingsville, Ohio
In North Kingsville, 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 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 North 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 North Kingsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,209, found in zip code 44068, while the lowest median tax bill is also $1,209 in the same zip code.
Average North Kingsville Assessed Value
$98,400
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 North Kingsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44068 | $46,100 | $73,250 | $98,400 | $124,700 | $151,550 |
Source: Ownwell
Property Tax Bills Across North Kingsville, Ohio
In North Kingsville, Ashtabula County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in North Kingsville is $98,400, and the property tax rate is applied to this value to calculate the tax bill. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile at $890 and the 75th percentile reaching $1,673. At the 90th percentile, tax bills can be as high as $1,916. These figures indicate that property taxes in North Kingsville can have a substantial impact on homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average North Kingsville Tax Bill
$1,209
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Kingsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44068 | $359 | $890 | $1,209 | $1,673 | $1,916 |
Source: Ownwell