Killbuck, Ohio Property Taxes
The median property tax rate in Killbuck, OH is 1.36%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $120,780, the typical annual property tax bill in Killbuck is around $1,529, which is below the national median of $2,690. Property taxes in Killbuck are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Killbuck'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 Killbuck or another part of Holmes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Killbuck, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,643
$1,524
Ownwell’s Killbuck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Killbuck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Killbuck 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 Killbuck, Ohio
Property taxes in Killbuck, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Killbuck is 1.36%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Killbuck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Killbuck 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 Killbuck's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44637 zip code has the highest median property tax rate of 1.36%, while the 44637 zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Killbuck provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Killbuck Tax Rate
1.36%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Killbuck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44637 | 0.82% | 1.17% | 1.36% | 1.41% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Killbuck, Ohio
In Killbuck, 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 Holmes 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 Killbuck, 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. For instance, the median home price in Killbuck is $120,780, with tax bills ranging from $943 at the 25th percentile to $3,252 at the 90th percentile. 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 Killbuck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Killbuck Assessed Value
$120,780
Average Holmes County Assessed Value
$211,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Killbuck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44637 | $33,718 | $70,798 | $120,780 | $189,895 | $315,937 |
Source: Ownwell
Property Tax Bills Across Killbuck, Ohio
In Killbuck, Holmes County, OH, property tax bills are determined by the assessed value of your home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual property tax bill. For example, with a median home price of $120,780, homeowners typically see tax bills ranging from $943 at the 25th percentile to $2,290 at the 75th percentile, and up to $3,252 at the 90th percentile. These figures show the variability in tax bills based on home value and specific local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Killbuck might experience different levels of tax burden depending on their property's assessed value and the local tax rate. This variability can significantly impact homeowners, influencing their overall financial planning and the affordability of homeownership in the region. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Killbuck Tax Bill
$1,529
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Killbuck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44637 | $433 | $943 | $1,529 | $2,290 | $3,252 |
Source: Ownwell