Creola, Ohio Property Taxes
The median property tax rate in Creola, OH 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 Creola at $169,540, the typical annual property tax bill reaches $2,231, slightly below the national median of $2,690. Property taxes in Creola 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 Creola'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 Creola 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
Creola, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,289
Ownwell’s Creola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creola 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 Creola, Ohio
Property taxes in Creola, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creola is 1.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Creola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creola 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 Creola's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45622 zip code has the highest median property tax rate of 1.35%, while the same zip code also holds the lowest median tax rate of 1.35%. Understanding how these cities compare with Creola 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 Creola Tax Rate
1.35%
Average Hocking County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45622 | 1.32% | 1.33% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Creola, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Creola, 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 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 Creola, 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. For example, the highest median tax bill in Creola is $2,231 in the 45622 zip code, while the lowest is also $2,231 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Creola Assessed Value
$169,540
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 Creola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45622 | $120,060 | $135,630 | $169,540 | $255,330 | $364,830 |
Source: Ownwell
Property Tax Bills Across Creola, Ohio
In Creola, located in Hocking County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the home's market value. For example, with a median home price of $169,540, the tax bill can vary significantly depending on the specific assessment and applicable tax rates. Several factors influence the tax bill, including local tax rates, which can differ from one neighborhood to another, and any exemptions for which the homeowner may qualify. The tax bill in Creola ranges from the 25th percentile at $1,720 to the 75th percentile at $3,444, with the 90th percentile reaching up to $4,921. This variability can impact homeowners' annual expenses, making it essential to understand how these factors come into play. Compared to the national median property tax rate of 0.99%, Creola's rates may be higher or lower, affecting the overall affordability of homeownership in the area.
Average Creola Tax Bill
$2,231
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Creola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45622 | $1,455 | $1,720 | $2,231 | $3,444 | $4,921 |
Source: Ownwell