Bakersville, Ohio Property Taxes
The median property tax rate in Bakersville, OH is 1.36%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bakersville, the typical annual property tax bill reaches $798, which is significantly below the national median of $2,690. Property taxes in Bakersville 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 Bakersville'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 Bakersville or another part of Coshocton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bakersville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$796
$739
Ownwell’s Bakersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bakersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bakersville 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 Bakersville, Ohio
Property taxes in Bakersville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bakersville is 1.36%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bakersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bakersville 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 Bakersville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43803 zip code has the highest median property tax rate of 1.36%, while the same 43803 zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Bakersville provides valuable insights into the varying tax landscape across Coshocton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bakersville Tax Rate
1.36%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bakersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43803 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Bakersville, Ohio
In Bakersville, 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 Coshocton 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 Bakersville, 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 Bakersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $798 in the 43803 zip code.
Average Bakersville Assessed Value
$58,540
Average Coshocton County Assessed Value
$88,930
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bakersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43803 | $54,380 | $55,940 | $58,540 | $61,140 | $62,700 |
Source: Ownwell
Property Tax Bills Across Bakersville, Ohio
In Bakersville, located in Coshocton 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 local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Bakersville is $58,540, which significantly impacts the overall tax obligation. Homeowners in the 25th percentile of tax bills pay around $763 annually, while those in the 75th and 90th percentiles pay approximately $833 and $855, respectively. Comparatively, the national median property tax rate is 0.99%, making Bakersville's rates relatively moderate. These taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the quality of life for homeowners.
Average Bakersville Tax Bill
$798
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bakersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43803 | $742 | $763 | $798 | $833 | $855 |
Source: Ownwell