Bolivar, Ohio Property Taxes
The median property tax rate in Bolivar, OH is 0.90%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $198,100 in Bolivar, the typical annual property tax bill amounts to $1,691, falling below the national median of $2,690. Property taxes in Bolivar are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bolivar'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 Bolivar or another part of Stark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bolivar, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,783
Ownwell’s Bolivar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bolivar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bolivar 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 Bolivar, Ohio
Property taxes in Bolivar, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bolivar is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Bolivar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bolivar 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 Bolivar's effective property tax rate to other areas and the national median. For comparison, the 44612 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Bolivar provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bolivar Tax Rate
0.90%
Average Stark County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bolivar, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44612 | 0.42% | 0.86% | 0.90% | 0.90% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Bolivar, Ohio
In Bolivar, 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 Stark 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 Bolivar, 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 Bolivar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44612, with a median bill of $1,691, which is notably higher than the national median property tax rate of 0.99%.
Average Bolivar Assessed Value
$198,100
Average Stark County Assessed Value
$128,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bolivar, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44612 | $89,840 | $142,150 | $198,100 | $258,400 | $318,520 |
Source: Ownwell
Property Tax Bills Across Bolivar, Ohio
In Bolivar, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the Stark County assessor. The assessed value is a percentage of the market value of the property. Homeowners in Bolivar can expect their property tax bills to vary significantly, with the 25th percentile tax bill being around $888 and the 75th percentile reaching $1,834. For those at the higher end, the 90th percentile tax bill can go up to $2,783. Several factors influence these tax bills, including the property's location, size, and any improvements made to it. The local tax rate, which is applied to the assessed value, also plays a crucial role. With the national median property tax rate at 0.99%, Bolivar's homeowners might find their tax rates to be competitive or slightly higher, depending on specific circumstances. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Bolivar Tax Bill
$1,691
Average Stark County Tax Bill
$801
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bolivar, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44612 | $419 | $888 | $1,691 | $1,834 | $2,783 |
Source: Ownwell