East Rochester, Ohio Property Taxes
The median property tax rate in East Rochester, OH is 1.20%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $118,205 in East Rochester, the typical annual property tax bill is around $1,400, which is below the national median of $2,690. Property taxes in East Rochester are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding East Rochester'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 East Rochester 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
East Rochester, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,418
$1,316
Ownwell’s EAST ROCHESTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST ROCHESTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST ROCHESTER 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 East Rochester, Ohio
Property taxes in East Rochester, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Rochester is 1.20%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within East Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Rochester 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 East Rochester's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44625 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with East Rochester 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 East Rochester Tax Rate
1.20%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Rochester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44625 | 0.75% | 1.01% | 1.20% | 1.44% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across East Rochester, Ohio
In East Rochester, 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 East Rochester, 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. For instance, the median home price in East Rochester is $118,205, with the 25th percentile tax bill at $704 and the 75th percentile at $2,027. The highest median tax bill in the area is $1,400 in zip code 44625. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Rochester Assessed Value
$118,205
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 East Rochester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44625 | $10,430 | $47,018 | $118,205 | $183,668 | $271,499 |
Source: Ownwell
Property Tax Bills Across East Rochester, Ohio
In East Rochester, Carroll County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the tax rate, set by local government entities, is applied to calculate the annual tax bill. Homeowners in East Rochester experience a range of property tax bills. For instance, the 25th percentile tax bill is $704, while the 75th percentile tax bill reaches $2027. At the 90th percentile, homeowners may pay up to $2556 annually. These figures indicate that property taxes can vary significantly depending on the home's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, East Rochester's property tax rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average East Rochester Tax Bill
$1,400
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across East Rochester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44625 | $164 | $704 | $1,400 | $2,027 | $2,556 |
Source: Ownwell