Coolville, Ohio Property Taxes
The median property tax rate in Coolville, OH is 1.41%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $102,615, the typical annual property tax bill in Coolville amounts to $1,129, which is below the national median of $2,690. Property taxes in Coolville are determined based on the tax assessed value, generally lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Coolville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in Coolville or another part of Washington County, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Coolville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,447
Ownwell’s Coolville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coolville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coolville 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 Coolville, Ohio
Property taxes in Coolville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coolville is 1.41%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Coolville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coolville 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 Coolville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45723 zip code has the highest median property tax rate of 1.41%, while the 45723 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Coolville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coolville Tax Rate
1.41%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coolville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45723 | 0.69% | 1.34% | 1.41% | 1.41% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Coolville, Ohio
In Coolville, 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 Washington 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 Coolville, 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 Coolville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Coolville is $1,129, found in the 45723 zip code, while the lowest median tax bill is also $1,129 in the same zip code.
Average Coolville Assessed Value
$102,615
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coolville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45723 | $5,430 | $17,220 | $102,615 | $175,818 | $240,328 |
Source: Ownwell
Property Tax Bills Across Coolville, Ohio
In Coolville, located in Washington County, OH, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value. Local tax authorities apply a specific rate to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Coolville, the median home price is $102,615. The property tax bills can vary significantly, with the 25th percentile bill at $234 and the 75th percentile reaching $2,102. At the higher end, the 90th percentile tax bill can be as much as $2,999. Comparing this to the national median property tax rate of 0.99%, Coolville's property tax can be seen as relatively moderate. Understanding these factors is crucial for homeowners, as property taxes directly impact the overall cost of homeownership. By knowing how their tax bill is determined, homeowners can better manage their finances and plan for future expenses.
Average Coolville Tax Bill
$1,129
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Coolville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45723 | $59 | $234 | $1,129 | $2,102 | $2,999 |
Source: Ownwell