Coshocton, Coshocton County, Ohio Property Taxes
The median property tax rate in Coshocton, OH is 1.36%, considerably higher than the national median of 0.99% but lower than Ohio’s state median of 1.80%. With a median home value of $76,590 in Coshocton, the typical annual property tax bill reaches $1,052, which is below the national median of $2,690. Property taxes in Coshocton 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 Coshocton’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 Coshocton 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
Coshocton, Coshocton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,042
$967
Ownwell’s Coshocton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coshocton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coshocton to estimate your property tax bill, providing a clear understanding of 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 Coshocton, Coshocton County, Ohio
Property taxes in Coshocton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coshocton is 1.36%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Coshocton set these rates annually, and they can vary across different neighborhoods. Each year, Coshocton 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 Coshocton's effective property tax rate to other regions and the national median. For comparison, Coshocton has both the highest and lowest median property tax rate in the area at 1.36%. Understanding how Coshocton compares with other regions 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 Coshocton 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 Coshocton, Coshocton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | 0.88% | 1.29% | 1.36% | 1.67% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Coshocton, Coshocton County, Ohio
In Coshocton, 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 Auditor 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 Coshocton, 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. The median home price in Coshocton is $76,590, with tax bills ranging from $636 at the 25th percentile to $2,447 at the 90th percentile. The highest and lowest median tax bills are both $1,052, found in the 43812 zip code. 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 Coshocton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Coshocton, Coshocton County, Ohio
Source: Ownwell
$33,860
$107,023
$180,185
Average Coshocton Assessed Value
$76,590
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 Coshocton, Coshocton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | $25,860 | $45,275 | $76,590 | $122,630 | $186,706 |
Source: Ownwell
Property Tax Bills Across Coshocton, Coshocton County, Ohio
In Coshocton, OH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the home. For instance, if the median home price is $76,590, the assessed value would be a fraction of this amount. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including changes in the market value of properties, local government budgets, and voter-approved levies. Homeowners in Coshocton can expect tax bills to vary significantly. For example, tax bills in the 25th percentile are around $636, while those in the 75th percentile can reach $1,663, and the 90th percentile can go up to $2,447. These figures highlight the range of property tax burdens homeowners might face, emphasizing the importance of understanding local tax assessments and potential exemptions to manage costs effectively.
Average Coshocton Tax Bill
$1,052
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Coshocton, Coshocton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | $307 | $636 | $1,052 | $1,663 | $2,447 |
Source: Ownwell