Fultonham, Ohio Property Taxes
The median property tax rate in Fultonham, OH is 1.26%, which is higher than the national median of 0.99% but below the Ohio state median of 1.80%. With a median home value of $14,100 in Fultonham, the typical annual property tax bill amounts to $316, significantly lower than the national median of $2,690. Property taxes in Fultonham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding 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 Fultonham or another part of Muskingum County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
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 Fultonham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fultonham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 Fultonham, Ohio
Property taxes in Fultonham, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fultonham is 1.30%, higher than both the Ohio state median of 1.58% and the U.S. national median of 0.99%. Local government entities within Fultonham set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 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 1.33%, while the 43738 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with 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 Fultonham Tax Rate
1.26%
Average Muskingum County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fultonham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43735 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
| 43738 | 1.22% | 1.24% | 1.25% | 1.32% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Fultonham, Ohio
In 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Fultonham, the highest median tax bill is $2,191 in zip code 43735, while the lowest is $209 in zip code 43738.
Average Fultonham Assessed Value
$14,100
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 Fultonham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43735 | $164,500 | $164,500 | $164,500 | $164,500 | $164,500 |
| 43738 | $2,060 | $8,425 | $12,800 | $64,025 | $75,760 |
Source: Ownwell
Property Tax Bills Across Fultonham, Ohio
In Fultonham, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Fultonham face property tax bills that vary significantly, reflecting the range of property values in the area. For instance, the median home price is $14,100, and tax bills can range from the 25th percentile at $122 to the 75th percentile at $804, with the 90th percentile reaching $1,145. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Fultonham’s tax rates can seem relatively modest, but they still represent a significant expense for homeowners. The highest median tax bill in the region is $2,191, found in the zip code 43735, while the lowest is $209 in the zip code 43738. These variations highlight the importance of understanding local property tax assessments and their impact on overall homeownership costs.
Average Fultonham Tax Bill
$316
Average Muskingum County Tax Bill
$1,192
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fultonham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43735 | $2,191 | $2,191 | $2,191 | $2,191 | $2,191 |
| 43738 | $62 | $115 | $209 | $700 | $921 |
Source: Ownwell