Kenton, Ohio Property Taxes
The median property tax rate in Kenton, OH is 1.15%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Kenton at $208,460, the typical annual property tax bill amounts to $2,187, slightly below the national median of $2,690. Property taxes in Kenton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kenton'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 Kenton or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenton, 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 Kenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenton 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 Kenton, Ohio
Property taxes in Kenton, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenton is 1.31%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Kenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenton 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 Kenton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43326 zip code has the highest median property tax rate of 1.31%, while the same zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Kenton provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenton Tax Rate
1.15%
Average Marion County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43326 | 1.01% | 1.14% | 1.15% | 1.16% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Kenton, Ohio
In Kenton, 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 Marion 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 Kenton, 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 Kenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Kenton is $2187 in the 43326 zip code, while the lowest is also $2187 in the same zip code.
Average Kenton Assessed Value
$208,460
Average Marion County Assessed Value
$101,515
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43326 | $138,149 | $173,655 | $208,460 | $256,428 | $300,899 |
Source: Ownwell
Property Tax Bills Across Kenton, Ohio
In Kenton, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. In Kenton, the median home price stands at $208,460. Once the assessed value is established, the local tax rate, which varies, is applied to this value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners in Kenton can expect a range of tax bills, with the 25th percentile at $1,976 and the 75th percentile at $3,106. The 90th percentile tax bill reaches up to $3,483. The highest and lowest median tax bills in the area are both recorded at $2,187, indicating a relatively stable tax environment. These property taxes fund local services such as schools, public safety, and infrastructure, directly affecting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, Kenton's tax rates reflect the local economic conditions and public service needs.
Average Kenton Tax Bill
$2,187
Average Marion County Tax Bill
$1,434
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43326 | $1,603 | $1,976 | $2,187 | $3,106 | $3,483 |
Source: Ownwell