Clinton, Ohio Property Taxes
The median property tax rate in Clinton, OH is 1.77%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Clinton at $237,300, the typical annual property tax bill reaches $4,287, exceeding the national median of $2,690. Property taxes in Clinton 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 Clinton'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 Clinton 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
Clinton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$4,200
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Ohio
Property taxes in Clinton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.77%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44216 has both the highest and lowest median property tax rate of 1.77%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.77%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44216 | 1.61% | 1.76% | 1.77% | 1.79% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Ohio
In Clinton, 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 Wayne 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clinton Assessed Value
$237,300
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44216 | $143,276 | $225,590 | $237,300 | $256,000 | $265,014 |
Source: Ownwell
Property Tax Bills Across Clinton, Ohio
In Clinton, property tax bills are calculated based on the assessed value of a home, which is determined by the Wayne County tax assessor. This assessed value is a percentage of the property's market value. For example, if the median home price in Clinton is $237,300, the assessed value would be a fraction of this amount, depending on the local assessment ratio. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. In Clinton, the tax bill varies, with the 25th percentile at $3,725 and the 75th percentile at $4,522. At the 90th percentile, homeowners may see tax bills as high as $4,653. These property taxes fund local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners in Clinton should be aware of these taxes as they represent a significant portion of homeownership costs, especially when compared to the national median property tax rate of 0.99%.
Average Clinton Tax Bill
$4,287
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44216 | $2,460 | $3,725 | $4,287 | $4,522 | $4,653 |
Source: Ownwell