Keene, Ohio Property Taxes
The median property tax rate in Keene, Ohio, is 0.99%, aligning precisely with the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With the median home value in Keene at $96,470, the typical annual property tax bill amounts to $1,037, which is below the national median of $2,690. Property taxes in Keene are calculated based on the tax assessed value, generally lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Keene'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 Keene 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
Keene, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$955
$886
Ownwell’s Keene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keene 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 Keene, Ohio
Property taxes in Keene, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keene is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Keene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keene 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 Keene's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43828 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Keene 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 Keene Tax Rate
0.99%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keene, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43828 | 0.75% | 0.96% | 0.99% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Keene, Ohio
In Keene, 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 Keene, 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 Keene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43828, with a median tax bill of $1,037.
Average Keene Assessed Value
$96,470
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 Keene, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43828 | $65,104 | $92,920 | $96,470 | $105,140 | $127,010 |
Source: Ownwell
Property Tax Bills Across Keene, Ohio
In Keene, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Keene, the median home price is $96,470, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the property tax amount, including the property's location, its assessed value, and any applicable exemptions or deductions. In Coshocton County, where Keene is located, the median property tax bill stands at $1,037, with the 25th percentile at $923 and the 75th percentile at $1,199. For those at the higher end, the 90th percentile tax bill reaches $1,576. Compared to the national median property tax rate of 0.99%, Keene's rates are relatively moderate. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Keene Tax Bill
$1,037
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Keene, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43828 | $539 | $923 | $1,037 | $1,199 | $1,576 |
Source: Ownwell