Cloverdale, Ohio Property Taxes
The median property tax rate in Cloverdale, OH is 1.35%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Cloverdale at $134,870, the typical annual property tax bill reaches $1,797, falling below the national median of $2,690. Property taxes in Cloverdale 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 Cloverdale'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 Cloverdale 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
Cloverdale, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,821
Ownwell’s Cloverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cloverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cloverdale 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 Cloverdale, Ohio
Property taxes in Cloverdale, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cloverdale is 1.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cloverdale set these rates annually, and they can vary considerably across different neighborhoods. Each year, Cloverdale 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 Cloverdale's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45827 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Cloverdale provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cloverdale Tax Rate
1.35%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cloverdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45827 | 0.98% | 1.22% | 1.35% | 1.46% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Cloverdale, Ohio
In Cloverdale, 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 Putnam 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 Cloverdale, 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 Cloverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Cloverdale is $134,870. The property tax bill for the 25th percentile is $1,048, while the 75th percentile sees tax bills around $2,602. The highest median tax bill in the area is $1,797, found in the 45827 zip code.
Average Cloverdale Assessed Value
$134,870
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cloverdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45827 | $15,349 | $70,498 | $134,870 | $210,765 | $315,672 |
Source: Ownwell
Property Tax Bills Across Cloverdale, Ohio
In Cloverdale, located in Putnam County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Cloverdale is $134,870. Local tax rates are applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the property's location, size, and condition, as well as any applicable exemptions. For homeowners in Cloverdale, the 25th percentile tax bill is $1,048, while the 75th percentile reaches $2,602, and the 90th percentile climbs to $3,602. These figures indicate a range of tax burdens depending on individual property values and assessments. Compared to the national median property tax rate of 0.99%, Cloverdale's rates can significantly impact household budgets, especially for those with higher-valued properties. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Cloverdale Tax Bill
$1,797
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cloverdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45827 | $350 | $1,048 | $1,797 | $2,602 | $3,602 |
Source: Ownwell