Bowerston, Ohio Property Taxes
The median property tax rate in Bowerston, OH is 1.37%, higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $82,800 in Bowerston, the typical annual property tax bill is $1,080, which is below the national median of $2,690. Property taxes in Bowerston are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. By understanding Bowerston's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Bowerston or another part of Carroll County, a thorough grasp of the local property tax system will provide substantial benefits.
Last Updated June 14, 2024
Bowerston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,134
$1,053
Ownwell’s Bowerston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowerston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowerston 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 Bowerston, Ohio
Property taxes in Bowerston, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowerston is 1.37%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bowerston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowerston 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 Bowerston's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44695 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Bowerston provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowerston Tax Rate
1.37%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowerston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44695 | 0.91% | 1.16% | 1.37% | 1.42% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Bowerston, Ohio
In Bowerston, 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 Carroll 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 Bowerston, 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 Bowerston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1080, found in zip code 44695.
Average Bowerston Assessed Value
$82,800
Average Carroll County Assessed Value
$85,895
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowerston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44695 | $5,618 | $36,328 | $82,800 | $130,428 | $183,446 |
Source: Ownwell
Property Tax Bills Across Bowerston, Ohio
In Bowerston, located in Carroll County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $82,800, the tax bill can vary significantly. Factors such as the property's location, improvements, and local tax rates contribute to the final amount. The 25th percentile tax bill is around $558, while the 75th percentile reaches up to $1,623, and the 90th percentile can be as high as $2,295. These tax bills are crucial for homeowners as they represent a significant annual expense. Compared to the national median property tax rate of 0.99%, Bowerston's rates reflect the region's economic conditions and funding needs for public services. Homeowners must budget for these taxes to avoid financial strain, and understanding the factors influencing property tax bills can help in anticipating future costs.
Average Bowerston Tax Bill
$1,080
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowerston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44695 | $110 | $558 | $1,080 | $1,623 | $2,295 |
Source: Ownwell