Carbon Hill, Ohio Property Taxes
The median property tax rate in Carbon Hill, OH is 1.37%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Carbon Hill at $42,170, the typical annual property tax bill reaches $611, significantly below the national median of $2,690. Property taxes in Carbon Hill are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Carbon Hill'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 Carbon Hill 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
Carbon Hill, 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 Carbon Hill Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Carbon Hill. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Carbon Hill to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down for localized information. Your property’s assessed value, determined by the county, plays a crucial role in these calculations, accounting for any applicable exemptions.
Property Tax Rates Across Carbon Hill, Ohio
Property taxes in Carbon Hill, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbon Hill is 1.37%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Carbon Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbon Hill 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 Carbon Hill's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43111 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these areas compare with Carbon Hill provides valuable insights into the varying tax landscape across Hocking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbon Hill Tax Rate
1.37%
Average Hocking County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbon Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43111 | 1.25% | 1.33% | 1.37% | 1.39% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Carbon Hill, Ohio
In Carbon Hill, 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 Hocking 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 Carbon Hill, 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 Carbon Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Carbon Hill are both $611, found in the 43111 zip code.
Average Carbon Hill Assessed Value
$42,170
Average Hocking County Assessed Value
$109,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbon Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43111 | $8,268 | $22,400 | $42,170 | $72,510 | $98,932 |
Source: Ownwell
Property Tax Bills Across Carbon Hill, Ohio
In Carbon Hill, located in Hocking County, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For instance, with a median home price of $42,170, the assessed value forms the basis for the tax calculation. Tax rates are applied to this assessed value, resulting in the annual property tax bill. Factors such as local government budgets, school funding needs, and public services influence these rates. Homeowners in Carbon Hill, therefore, see varying tax bills. At the 25th percentile, the tax bill is around $317, while at the 75th percentile, it reaches $1,092, and at the 90th percentile, it climbs to $1,542. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates might impact homeowners. Higher property taxes can affect affordability and the overall cost of homeownership in the region.
Average Carbon Hill Tax Bill
$611
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbon Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43111 | $149 | $317 | $611 | $1,092 | $1,542 |
Source: Ownwell