Carrollton, Ohio Property Taxes
The median property tax rate in Carrollton, OH is 1.34%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Carrollton at $75,870, the typical annual property tax bill reaches $1,010, falling below the national median of $2,690. Property taxes in Carrollton 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 Carrollton'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 Carrollton 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
Carrollton, 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 Carrollton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carrollton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrollton 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 Carrollton, Ohio
Property taxes in Carrollton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrollton is 1.34%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Carrollton set these rates annually, and they can vary across different neighborhoods. Each year, Carrollton 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 Carrollton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44615 zip code has both the highest and lowest median property tax rate of 1.34%. Understanding how these cities compare with Carrollton provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrollton Tax Rate
1.34%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrollton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44615 | 0.98% | 1.19% | 1.34% | 1.43% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Carrollton, Ohio
In Carrollton, 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 Carroll County Auditor 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 Carrollton, 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 Carrollton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Carrollton are both $1,010, found in the 44615 zip code.
Average Carrollton Assessed Value
$75,870
Average Carroll County Assessed Value
$85,895
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrollton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44615 | $3,630 | $15,115 | $75,870 | $131,465 | $206,860 |
Source: Ownwell
Property Tax Bills Across Carrollton, Ohio
In Carrollton, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the Carroll County assessor. The assessed value is a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered in the assessment process. The median home price in Carrollton is $75,870, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Carrollton experience a range of property tax bills. For example, those in the 25th percentile pay around $235, while those in the 75th percentile see bills closer to $1,644. At the higher end, the 90th percentile faces tax bills up to $2,404. The highest median tax bill in the area is $1,010, which is relatively modest compared to the national median property tax rate of 0.99%. These property tax bills play a significant role in homeowners' annual expenses, impacting their overall cost of living and financial planning.
Average Carrollton Tax Bill
$1,010
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrollton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44615 | $58 | $235 | $1,010 | $1,644 | $2,404 |
Source: Ownwell