Heath, Ohio Property Taxes
The median property tax rate in Heath, OH is 1.39%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Heath, the typical annual property tax bill reaches $2,927, exceeding the national median of $2,690. Property taxes in Heath 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 Heath'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 Heath 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
Heath, 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 Heath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heath 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 Heath, Ohio
Property taxes in Heath, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Heath is 1.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Heath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Heath 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 Heath's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43056 zip code has the highest median property tax rate of 1.39%, while the lowest median tax rate in the same zip code is also 1.39%. Understanding how these cities compare with Heath 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 Heath Tax Rate
1.39%
Average Muskingum County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43056 | 1.26% | 1.39% | 1.39% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Heath, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Heath, Ohio. 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 Heath, 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. Heath's median home price is $217,600, with annual tax bills ranging from $1,651 at the 25th percentile to $4,837 at the 90th percentile. The highest and lowest median tax bills in the area both occur in the 43056 zip code, amounting to $2,927. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Heath Assessed Value
$217,600
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 Heath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43056 | $49,200 | $121,800 | $217,600 | $285,900 | $354,260 |
Source: Ownwell
Property Tax Bills Across Heath, Ohio
In Heath, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the home's market value, and this percentage can vary by location. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. In Muskingum County, where Heath is located, homeowners face a range of property tax bills. For example, the tax bill at the 25th percentile is $1,651, while at the 75th percentile, it reaches $3,968, and at the 90th percentile, it can go up to $4,837. These figures indicate that property taxes can vary significantly based on the value of the home and the specific tax rate applied. For homeowners, understanding these factors is crucial as property taxes impact overall housing costs and can influence decisions about buying or selling property in the area.
Average Heath Tax Bill
$2,927
Average Muskingum County Tax Bill
$1,192
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Heath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43056 | $646 | $1,651 | $2,927 | $3,968 | $4,837 |
Source: Ownwell