East Fultonham, Ohio Property Taxes
The median property tax rate in East Fultonham, OH is 1.38%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in East Fultonham at $61,150, the typical annual property tax bill reaches $781, which is significantly below the national median of $2,690. Property taxes in East Fultonham 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 East Fultonham'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 East Fultonham 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
East Fultonham, 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 EAST FULTONHAM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST FULTONHAM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST FULTONHAM 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 East Fultonham, Ohio
Property taxes in East Fultonham, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Fultonham is 1.38%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within East Fultonham set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Fultonham 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 East Fultonham's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43735 zip code has the highest median property tax rate of 1.38%, while the 43735 zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with East Fultonham provides valuable insights into the varying tax landscape across Muskingum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Fultonham Tax Rate
1.38%
Average Muskingum County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Fultonham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43735 | 0.97% | 1.36% | 1.38% | 1.39% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across East Fultonham, Ohio
In East Fultonham, 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 Muskingum 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 East Fultonham, 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 East Fultonham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 43735, with a median tax bill of $781.
Average East Fultonham Assessed Value
$61,150
Average Muskingum County Assessed Value
$90,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Fultonham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43735 | $4,240 | $13,150 | $61,150 | $85,125 | $105,420 |
Source: Ownwell
Property Tax Bills Across East Fultonham, Ohio
In East Fultonham, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the Muskingum County assessor's office and reflects a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For instance, homes in East Fultonham have a median home price of $61,150. Property tax bills in this area can vary significantly. For example, the 25th percentile tax bill is around $244, while the 75th percentile tax bill reaches $1,140, and the 90th percentile tax bill can go up to $1,418. These property taxes impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners budget accordingly and anticipate their annual financial obligations.
Average East Fultonham Tax Bill
$781
Average Muskingum County Tax Bill
$1,192
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across East Fultonham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43735 | $63 | $244 | $781 | $1,140 | $1,418 |
Source: Ownwell