Coal Grove, Ohio Property Taxes
The median property tax rate in Coal Grove, OH is 1.09%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Coal Grove at $66,300, the typical annual property tax bill is $696, which is significantly below the national median of $2,690. Property taxes in Coal Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coal Grove'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 Coal Grove or another part of Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coal Grove, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$723
$671
Ownwell’s Coal Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coal Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coal Grove 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 Coal Grove, Ohio
Property taxes in Coal Grove, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coal Grove is 1.09%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Coal Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coal Grove 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 Coal Grove's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45638 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Coal Grove provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coal Grove Tax Rate
1.09%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coal Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45638 | 0.77% | 1.03% | 1.09% | 1.18% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Coal Grove, Ohio
In Coal Grove, 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 Lawrence 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 Coal Grove, 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 Coal Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coal Grove are both $696, found in the 45638 zip code.
Average Coal Grove Assessed Value
$66,300
Average Lawrence County Assessed Value
$85,530
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coal Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45638 | $16,386 | $45,335 | $66,300 | $92,530 | $124,308 |
Source: Ownwell
Property Tax Bills Across Coal Grove, Ohio
In Coal Grove, located in Lawrence County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Homeowners in Coal Grove typically see property tax bills that fall within a range influenced by the assessed home value and the local tax rate. For example, with a median home price of $66,300, property tax bills can vary significantly. The 25th percentile tax bill is around $474, while the 75th percentile reaches up to $963. At the 90th percentile, homeowners might pay as much as $1,294. These figures highlight the variability in tax obligations within the area. Compared to the national median property tax rate of 0.99%, Coal Grove’s tax bills reflect a relatively moderate burden on homeowners. Understanding these factors helps residents anticipate their annual property tax responsibilities and plan their finances accordingly.
Average Coal Grove Tax Bill
$696
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Coal Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45638 | $206 | $474 | $696 | $963 | $1,294 |
Source: Ownwell