Killbuck, Ohio Property Taxes
The median property tax rate in Killbuck, OH is 1.32%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Killbuck at $135,140, the typical annual property tax bill amounts to $1,457, which is below the national median of $2,690. Property taxes in Killbuck are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Killbuck's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Killbuck or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Killbuck, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,784
$1,655
Ownwell’s Killbuck Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Killbuck with just two crucial data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Killbuck to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. If you’re curious about trends on a more localized level, you can find detailed neighborhood information by scrolling down. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Killbuck, Ohio
Property taxes in Killbuck, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Killbuck is 1.32%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Killbuck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Killbuck 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 Killbuck's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44637 has both the highest and lowest median property tax rate of 1.32%. Understanding how these areas compare with Killbuck 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 Killbuck Tax Rate
1.32%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Killbuck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44637 | 0.46% | 0.81% | 1.32% | 1.51% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Killbuck, Ohio
In Killbuck, 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 Killbuck, 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 Killbuck is $135,140. 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 Killbuck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 44637, both at $1,457.
Average Killbuck Assessed Value
$135,140
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 Killbuck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44637 | $26,886 | $77,625 | $135,140 | $220,855 | $327,750 |
Source: Ownwell
Property Tax Bills Across Killbuck, Ohio
In Killbuck, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the median home price, which stands at $135,140, play a significant role in this calculation. Homeowners in Killbuck can expect a wide range of tax bills. For instance, those in the 25th percentile pay around $808 annually, while those in the 75th percentile face bills of up to $2,099. At the higher end, the 90th percentile tax bill can reach $3,050. These figures highlight the variability in property tax burdens, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Killbuck's tax rates reflect local economic conditions and the funding needs of community services. Homeowners must stay informed about these factors to better manage their financial planning.
Average Killbuck Tax Bill
$1,457
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Killbuck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44637 | $316 | $808 | $1,457 | $2,099 | $3,050 |
Source: Ownwell