Fresno, Ohio Property Taxes
The median property tax rate in Fresno, Ohio is 1.30%, 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 Fresno at $157,905, the typical annual property tax bill reaches $1,692, still below the national median of $2,690. Property taxes in Fresno are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Fresno'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 Fresno 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
Fresno, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,053
$1,905
Ownwell’s Fresno Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fresno with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fresno 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 Fresno, Ohio
Property taxes in Fresno, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fresno is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fresno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fresno 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 Fresno's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43824 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Fresno 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 Fresno Tax Rate
1.30%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fresno, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43824 | 0.44% | 0.89% | 1.30% | 1.33% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Fresno, Ohio
In Fresno, 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 Fresno, 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. For example, in Fresno, the median home price is $157,905, with annual tax bills ranging from $1,007 at the 25th percentile to $3,590 at the 90th percentile. 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 Fresno helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fresno Assessed Value
$157,905
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 Fresno, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43824 | $43,380 | $88,088 | $157,905 | $266,040 | $492,463 |
Source: Ownwell
Property Tax Bills Across Fresno, Ohio
In Fresno, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Fresno is $157,905, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Fresno can expect a wide range of property tax bills. At the 25th percentile, the tax bill is approximately $1,007, while at the 75th percentile, it rises to about $2,592. For those in the 90th percentile, the tax bill can reach up to $3,590. The highest median tax bill in the area is $1,692, which is consistent across the zip code 43824. These property tax bills significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Fresno homeowners experience a varied tax landscape that can affect their economic decisions.
Average Fresno Tax Bill
$1,692
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fresno, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43824 | $516 | $1,007 | $1,692 | $2,592 | $3,590 |
Source: Ownwell