Coolville, Ohio Property Taxes
The median property tax rate in Coolville, OH is 1.66%, 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 Coolville at $69,460, the typical annual property tax bill amounts to $1,015, still below the national median of $2,690. Property taxes in Coolville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coolville'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 Coolville 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
Coolville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
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 Athens County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Coolville, Ohio
Property taxes in Coolville, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Coolville is 1.66%, significantly 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 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Coolville provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coolville Tax Rate
1.66%
Average Athens County Tax Rate
1.77%
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 | 1.08% | 1.64% | 1.66% | 1.68% | 1.73% |
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 Athens 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 median home price is $69,460, and the tax bills range from $457 at the 25th percentile to $2,918 at the 90th percentile. Notably, the zip code 45723 has the highest and lowest median tax bill of $1,015.
Average Coolville Assessed Value
$69,460
Average Athens County Assessed Value
$88,765
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 | $11,934 | $30,835 | $69,460 | $115,268 | $180,644 |
Source: Ownwell
Property Tax Bills Across Coolville, Ohio
Property tax bills in Coolville, Athens County, OH are calculated based on the assessed value of a property. This assessed value is determined by the local tax assessor, who evaluates the property's market value and applies an assessment ratio. The tax rate, also known as the millage rate, is then applied to the assessed value to calculate the final tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Homeowners in Coolville can expect property tax bills that vary significantly. For example, the 25th percentile tax bill is $457, while the 75th percentile tax bill rises to $1799, and the 90th percentile tax bill reaches $2918. These figures reflect the diverse range of property values within the city. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding the local tax burden. Homeowners in Coolville should be aware of these factors as they can significantly impact annual financial planning and long-term property investment decisions.
Average Coolville Tax Bill
$1,015
Average Athens County Tax Bill
$1,453
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 | $157 | $457 | $1,015 | $1,799 | $2,918 |
Source: Ownwell