Warsaw, Ohio Property Taxes
The median property tax rate in Warsaw, Ohio is 1.35%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Warsaw at $102,990, the typical annual property tax bill reaches $1,264, which is below the national median of $2,690. Property taxes in Warsaw 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 Warsaw'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 Warsaw 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
Warsaw, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Warsaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warsaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warsaw 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 Warsaw, Ohio
Property taxes in Warsaw, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warsaw is 1.35%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Warsaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warsaw 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 Warsaw's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43844 zip code has the highest median property tax rate of 1.35%, while also having the lowest median tax rate of 1.35%. Understanding how these cities compare with Warsaw 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 Warsaw Tax Rate
1.35%
Average Coshocton County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warsaw, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43844 | 0.50% | 1.05% | 1.35% | 1.39% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Warsaw, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warsaw, Ohio. 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 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 Warsaw, 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 Warsaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,264 in the 43844 zip code, reflecting the local property tax landscape.
Average Warsaw Assessed Value
$102,990
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 Warsaw, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43844 | $22,458 | $57,620 | $102,990 | $170,280 | $330,160 |
Source: Ownwell
Property Tax Bills Across Warsaw, Ohio
Property tax bills in Warsaw, located in Coshocton County, OH, are determined based on the assessed value of a homeowner's property. This assessed value is a percentage of the property's market value, which is set by the county assessor. Factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Warsaw, homeowners experience a range of property tax bills. For instance, the 25th percentile tax bill is $689, while the 75th percentile tax bill reaches $1,838. Homeowners in the 90th percentile can see tax bills as high as $2,645. The median home price in Warsaw is $102,990, and the median property tax rate in the area aligns closely with the national median rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for Warsaw residents.
Average Warsaw Tax Bill
$1,264
Average Coshocton County Tax Bill
$1,140
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Warsaw, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43844 | $266 | $689 | $1,264 | $1,838 | $2,645 |
Source: Ownwell