Cumberland, Ohio Property Taxes
The median property tax rate in Cumberland, OH is 1.45%, which is 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 Cumberland at $57,895, the typical annual property tax bill reaches $833, falling well below the national median of $2,690. Property taxes in Cumberland are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cumberland'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 Cumberland or another part of Guernsey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cumberland, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$839
$779
Ownwell’s Cumberland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cumberland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cumberland 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 Cumberland, Ohio
Property taxes in Cumberland, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cumberland is 1.45%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cumberland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cumberland 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 Cumberland's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43732 zip code has the highest median property tax rate of 1.45%, while the 43732 zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Cumberland provides valuable insights into the varying tax landscape across Guernsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cumberland Tax Rate
1.45%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cumberland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43732 | 1.16% | 1.41% | 1.45% | 1.63% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Cumberland, Ohio
In Cumberland, 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 Guernsey 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 Cumberland, 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 Cumberland 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 43732, with a median tax bill of $833.
Average Cumberland Assessed Value
$57,895
Average Guernsey County Assessed Value
$64,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cumberland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43732 | $5,648 | $24,652 | $57,895 | $121,952 | $179,125 |
Source: Ownwell
Property Tax Bills Across Cumberland, Ohio
In Cumberland, located in Guernsey County, OH, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. For example, with a median home price of $57,895, homeowners can expect varying tax bills based on their property's assessed value and the specific tax rate applied. Factors considered in determining the tax bill include the property's location, size, and any applicable exemptions. This process ensures that homeowners contribute to local services such as schools, public safety, and infrastructure. In Cumberland, the tax bill at the 25th percentile is $338, while at the 75th percentile, it rises to $1,709. The 90th percentile tax bill can reach up to $2,470. These figures highlight the range of property tax burdens homeowners might face, influenced by the assessed value and local tax policies.
Average Cumberland Tax Bill
$833
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cumberland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43732 | $79 | $338 | $833 | $1,709 | $2,470 |
Source: Ownwell