Crown City, Ohio Property Taxes
The median property tax rate in Crown City, OH is 0.97%, slightly lower than the national median of 0.99% and significantly below the Ohio state median of 1.80%. With a median home value of $110,020 in Crown City, the typical annual property tax bill is $1,037, which is less than the national median of $2,690. Property taxes in Crown City are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crown City'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 Crown City 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
Crown City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,067
Ownwell’s Crown City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crown City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crown City 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 Crown City, Ohio
Property taxes in Crown City, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Crown City is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Crown City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crown City 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 Crown City's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45623 has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Crown City provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crown City Tax Rate
0.97%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crown City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45623 | 0.82% | 0.95% | 0.97% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Crown City, Ohio
In Crown City, 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 Lawrence 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 Crown City, 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 Crown City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $1,037 for the 45623 zip code, while the lowest median tax bill is also $1,037, highlighting the uniformity in tax assessments within the region.
Average Crown City Assessed Value
$110,020
Average Lawrence County Assessed Value
$85,530
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crown City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45623 | $14,410 | $36,510 | $110,020 | $185,110 | $307,164 |
Source: Ownwell
Property Tax Bills Across Crown City, Ohio
In Crown City, located in Lawrence County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For example, if the median home price is $110,020, the assessed value will be a fraction of this amount, which is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within specific tax districts, any applicable exemptions, and the overall budget needs of local government services. Homeowners in Crown City can expect tax bills to vary significantly, with the 25th percentile paying around $353, while those in the 75th percentile face bills of approximately $1,722. The highest tax bills, reaching the 90th percentile, can be as much as $2,854. These variations impact homeowners differently, influencing their financial planning and the overall cost of homeownership in the area.
Average Crown City Tax Bill
$1,037
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Crown City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45623 | $136 | $353 | $1,037 | $1,722 | $2,854 |
Source: Ownwell