Rock Creek, Ohio Property Taxes
The median property tax rate in Rock Creek, OH is 1.73%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Rock Creek at $89,400, the typical annual property tax bill reaches $1,477, exceeding the national median of $2,690. Property taxes in Rock Creek 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 Rock Creek'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 Rock Creek 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
Rock Creek, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,547
Ownwell’s Rock Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Creek 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 Rock Creek, Ohio
Property taxes in Rock Creek, Ohio, play a crucial role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Creek is 1.73%, significantly higher than both the Ohio state median of 1.50% and the U.S. national median of 0.99%. Local government entities within Rock Creek set these rates annually, and they can vary across different neighborhoods. Each year, Rock Creek 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 Rock Creek's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44084 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Rock Creek provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock Creek Tax Rate
1.73%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44084 | 1.37% | 1.63% | 1.73% | 1.77% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Rock Creek, Ohio
In Rock Creek, 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 Ashtabula 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 Rock Creek, 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 Rock Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rock Creek is $89,400, with tax bills ranging from $585 at the 25th percentile to $3,593 at the 90th percentile. The highest and lowest median tax bills are both $1,477 in zip code 44084.
Average Rock Creek Assessed Value
$89,400
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rock Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44084 | $13,860 | $34,850 | $89,400 | $145,400 | $207,600 |
Source: Ownwell
Property Tax Bills Across Rock Creek, Ohio
In Rock Creek, Ashtabula County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Rock Creek is $89,400, and homeowners can expect a wide range of tax bills depending on their property's assessed value and the local tax rate. Factors considered in the calculation include property characteristics such as size, location, and condition. Additionally, local government budgets and school funding needs can influence the tax rate. Homeowners in Rock Creek face property tax bills that vary significantly, with the 25th percentile at $585 and the 90th percentile reaching $3,593. This variation can impact homeowners' financial planning and overall affordability of living in the area. Compared to the national median property tax rate of 0.99%, Rock Creek's tax rates can be seen as relatively moderate, providing a balanced approach to property taxation.
Average Rock Creek Tax Bill
$1,477
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44084 | $246 | $585 | $1,477 | $2,458 | $3,593 |
Source: Ownwell