Bolivar, Ohio Property Taxes
The median property tax rate in Bolivar, OH is 1.68%, slightly lower than the Ohio state median of 1.80% but significantly higher than the national median of 0.99%. With the median home value in Bolivar at $179,560, the typical annual property tax bill reaches $2,958, surpassing 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 Tuscarawas 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
1.68%
Estimate Property Tax Bill
$3,017
Ownwell’s Bolivar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner 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, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bolivar stands at 1.68%, significantly higher 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 counties in Ohio and the national median. For comparison, the 44612 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Bolivar provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bolivar Tax Rate
1.68%
Average Tuscarawas County Tax Rate
1.35%
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 | 1.42% | 1.68% | 1.68% | 1.71% | 1.73% |
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 Tuscarawas 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 highest median tax bill in Bolivar is $2,958 in the 44612 zip code, while the lowest median tax bill is also $2,958 in the same zip code.
Average Bolivar Assessed Value
$179,560
Average Tuscarawas County Assessed Value
$122,160
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 | $74,228 | $131,880 | $179,560 | $224,210 | $281,320 |
Source: Ownwell
Property Tax Bills Across Bolivar, Ohio
In Bolivar, Tuscarawas County, OH, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price here is $179,560, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including property location, size, and any applicable exemptions or deductions. For homeowners, the tax bill can vary significantly. For instance, tax bills in the 25th percentile are around $2,175, while those in the 75th percentile reach approximately $3,731. At the higher end, the 90th percentile sees tax bills up to $4,665. These amounts reflect the variability in property values and the specific assessments applied. Comparatively, the national median property tax rate is 0.99%, making it essential for Bolivar homeowners to understand their local tax rate and how it affects their financial planning. By knowing these details, homeowners can better anticipate their annual property tax obligations and manage their budgets accordingly.
Average Bolivar Tax Bill
$2,958
Average Tuscarawas County Tax Bill
$1,645
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 | $1,303 | $2,175 | $2,958 | $3,731 | $4,665 |
Source: Ownwell