Kenton, Ohio Property Taxes
The median property tax rate in Kenton, OH is 1.68%, which is higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $83,540 in Kenton, the typical annual property tax bill amounts to $1,487, which is below the national median of $2,690. Property taxes in Kenton are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kenton’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 Kenton or another part of Hardin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,403
Ownwell’s Kenton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kenton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kenton to provide an estimate of your property tax bill. This practical tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kenton, Ohio
Property taxes in Kenton, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenton is 1.68%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenton 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 Kenton's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43326 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Kenton provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenton Tax Rate
1.68%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43326 | 1.12% | 1.43% | 1.68% | 1.90% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Kenton, Ohio
In Kenton, 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 Hardin 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. 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 Kenton 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 43326, amounting to $1,487, while the same zip code also represents the lowest median tax bill.
Average Kenton Assessed Value
$83,540
Average Hardin County Assessed Value
$82,480
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43326 | $18,006 | $53,430 | $83,540 | $133,720 | $228,834 |
Source: Ownwell
Property Tax Bills Across Kenton, Ohio
In Kenton, located in Hardin County, OH, property tax bills are calculated based on the assessed value of a property, 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 property size, location, and any improvements or renovations can influence the assessed value. For homeowners in Kenton, the median home price is $83,540. Property tax bills vary significantly, with the 25th percentile tax bill at $991 and the 75th percentile at $2,238. The 90th percentile tax bill reaches up to $3,484. Comparatively, Kenton's median property tax rate is higher than the national median rate of 0.99%, reflecting the local government's need to fund public services like schools and infrastructure. Understanding how these factors interplay can help homeowners anticipate their property tax obligations and plan accordingly.
Average Kenton Tax Bill
$1,487
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43326 | $564 | $991 | $1,487 | $2,238 | $3,484 |
Source: Ownwell