Kimbolton, Coshocton County, Ohio Property Taxes
The median property tax rate in Kimbolton, OH is 1.32%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kimbolton, the typical annual property tax bill reaches $1,294, which is below the national median of $2,690. Property taxes in Kimbolton 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 Kimbolton'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 Kimbolton 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
Kimbolton, Coshocton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,408
$1,306
Ownwell’s Kimbolton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimbolton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimbolton 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 Kimbolton, Coshocton County, Ohio
Property taxes in Kimbolton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimbolton is 1.32%, which is higher than the U.S. national median of 0.99%. Local government entities within Kimbolton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimbolton 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 Kimbolton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43749 zip code has the highest median property tax rate of 1.32%, while the same 43749 zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Kimbolton 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 Kimbolton 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 Kimbolton, Coshocton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | 0.82% | 1.16% | 1.32% | 1.32% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Kimbolton, Coshocton County, Ohio
In Kimbolton, 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 Kimbolton, 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. The zip code 43749 has the highest and lowest median tax bill at $1,294. Being aware of these valuation processes in Kimbolton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kimbolton, Coshocton County, Ohio
Source: Ownwell
$33,860
$107,023
$180,185
Average Kimbolton Assessed Value
$106,640
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 Kimbolton, Coshocton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | $29,366 | $63,730 | $106,640 | $147,950 | $213,982 |
Source: Ownwell
Property Tax Bills Across Kimbolton, Coshocton County, Ohio
In Kimbolton, located in Coshocton County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate, determined by local government authorities, is then applied to this assessed value to compute the annual tax bill. Factors such as property type, location, and any applicable exemptions or deductions can influence the assessed value and, consequently, the tax bill. For homeowners in Kimbolton, the tax burden can vary significantly. The median home price stands at $106,640, with property tax bills ranging from the 25th percentile at $725 to the 90th percentile at $2,195. The highest median tax bill recorded in the area is $1,294, which is notably below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Kimbolton Tax Bill
$1,294
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimbolton, Coshocton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | $373 | $725 | $1,294 | $1,882 | $2,195 |
Source: Ownwell