Cutler, Ohio Property Taxes
The median property tax rate in Cutler, OH is 1.15%, which is higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Cutler at $92,610, the typical annual property tax bill amounts to $1,345, surpassing the national median of $2,690. Property taxes in Cutler are based on the tax assessed value, which is typically lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cutler'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 Cutler 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
Cutler, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,065
$988
Ownwell’s Cutler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cutler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cutler 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 Cutler, Ohio
Property taxes in Cutler, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cutler is 1.35%, higher than both the Ohio state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Cutler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cutler 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 Cutler's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45724 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Cutler 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 Cutler Tax Rate
1.15%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cutler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45724 | 0.51% | 0.75% | 1.15% | 1.56% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Cutler, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cutler, Ohio. The market value represents 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 local 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 Cutler, 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 Cutler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 45724, both at $1,345.
Average Cutler Assessed Value
$92,610
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 Cutler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45724 | $65,106 | $75,420 | $92,610 | $109,800 | $120,114 |
Source: Ownwell
Property Tax Bills Across Cutler, Ohio
In Cutler, located in Athens County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For instance, if the median home price in Cutler is $92,610, the assessed value will be a fraction of this amount. The property tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Cutler can expect their tax bills to vary, with the 25th percentile tax bill at $774 and the 75th percentile tax bill reaching $1,917. The 90th percentile tax bill can go up to $2,260. This variability affects homeowners differently, depending on their property's assessed value and any qualifying exemptions. Compared to the national median property tax rate of 0.99%, Cutler's tax bills reflect the local economic conditions and property values.
Average Cutler Tax Bill
$1,345
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cutler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45724 | $431 | $774 | $1,345 | $1,917 | $2,260 |
Source: Ownwell