Utica, Ohio Property Taxes
The median property tax rate in Utica, Ohio is 1.65%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $174,750 in Utica, the typical annual property tax bill reaches $2,842, surpassing the national median of $2,690. Property taxes in Utica are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Utica'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 Utica or another part of Knox County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Utica, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$2,883
Ownwell’s Utica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Utica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Utica 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 Utica, Ohio
Property taxes in Utica, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Utica is 1.65%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Utica set these rates annually, and they can vary across different neighborhoods. Each year, Utica 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 Utica's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43080 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Utica provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Utica Tax Rate
1.65%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Utica, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43080 | 1.02% | 1.50% | 1.65% | 1.80% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Utica, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Utica, Ohio. The market value represents 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 Knox County 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 Utica, 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. The median home price in Utica is $174,750, with annual property tax bills ranging from $1,722 at the 25th percentile to $4,924 at the 90th percentile. Notably, the zip code 43080 has both the highest and lowest median tax bill of $2,842. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Utica Assessed Value
$174,750
Average Knox County Assessed Value
$133,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Utica, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43080 | $18,520 | $102,480 | $174,750 | $263,080 | $397,660 |
Source: Ownwell
Property Tax Bills Across Utica, Ohio
In Utica, Knox County, OH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For instance, if the median home price is $174,750, the assessed value would be a portion of this amount, depending on local assessment practices. Factors influencing the tax bill include the property's location, size, and any improvements or changes made. Homeowners in Utica can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,722 and the 75th percentile reaching $4,057. At the higher end, the 90th percentile tax bill is around $4,924. Compared to the national median property tax rate of 0.99%, Utica's rates can result in substantial annual costs for homeowners. The highest and lowest median tax bills in the area are both $2,842, indicating a consistent tax rate across different properties within the same zip code of 43080.
Average Utica Tax Bill
$2,842
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Utica, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43080 | $504 | $1,722 | $2,842 | $4,057 | $4,924 |
Source: Ownwell