Kimbolton, Ohio Property Taxes
The median property tax rate in Kimbolton, OH is 1.22%, slightly above the national median of 0.99% but below the Ohio state median of 1.80%. With a median home value of $132,040, the typical annual property tax bill in Kimbolton is $1,669, which is lower than the national median of $2,690. Property taxes in Kimbolton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kimbolton'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 Kimbolton 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
Kimbolton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,611
Ownwell’s Kimbolton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimbolton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimbolton 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 Kimbolton, Ohio
Property taxes in Kimbolton, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimbolton is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kimbolton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimbolton 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 Kimbolton's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43749 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with Kimbolton 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 Kimbolton Tax Rate
1.22%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimbolton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | 0.99% | 1.21% | 1.22% | 1.24% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Kimbolton, Ohio
In Kimbolton, 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 Kimbolton, 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 Kimbolton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1669 in zip code 43749, while the lowest median tax bill is also $1669 in the same zip code.
Average Kimbolton Assessed Value
$132,040
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 Kimbolton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | $37,559 | $49,260 | $132,040 | $171,672 | $191,417 |
Source: Ownwell
Property Tax Bills Across Kimbolton, Ohio
In Kimbolton, located in Tuscarawas County, OH, property tax bills are calculated based on the assessed value of a home. The assessment process determines the value of a property, and this assessed value is then multiplied by the local tax rate to calculate the tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. For homeowners, understanding these factors is crucial as they directly impact the annual tax bill. In Kimbolton, the median home price is $132,040, and property tax bills can vary significantly. For instance, at the 25th percentile, the tax bill is around $768, while at the 75th percentile, it can reach up to $2,043. At the 90th percentile, homeowners might see tax bills as high as $2,361. Compared to the national median property tax rate of 0.99%, the rates in Kimbolton reflect the local economic conditions and property values, affecting how much homeowners ultimately pay.
Average Kimbolton Tax Bill
$1,669
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimbolton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | $485 | $768 | $1,669 | $2,043 | $2,361 |
Source: Ownwell