Rock Camp, Ohio Property Taxes
The median property tax rate in Rock Camp, OH is 0.85%, lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Rock Camp being $137,360, the typical annual property tax bill is $1,167, which is below the national median of $2,690. Property taxes in Rock Camp 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 Rock Camp'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 Rock Camp 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
Rock Camp, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,168
Ownwell’s Rock Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Camp 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 Rock Camp, Ohio
Property taxes in Rock Camp, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Camp is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Rock Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Camp 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 Rock Camp's effective property tax rate to other areas in Lawrence County and the national median. For comparison, the zip code 45675 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Rock Camp 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 Rock Camp Tax Rate
0.85%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock Camp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45675 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Rock Camp, Ohio
In Rock Camp, 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 Auditor 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 Rock Camp, 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 Rock Camp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rock Camp is $137,360, with the highest and lowest median tax bills both recorded at $1,167 in zip code 45675.
Average Rock Camp Assessed Value
$137,360
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 Rock Camp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45675 | $137,360 | $137,360 | $137,360 | $137,360 | $137,360 |
Source: Ownwell
Property Tax Bills Across Rock Camp, Ohio
In Rock Camp, Lawrence County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. For homeowners in Rock Camp, the median home price stands at $137,360. The property tax rate in Rock Camp is applied to this assessed value to determine the annual tax bill. For example, the median property tax bill in the area is $1,167, which aligns with the national median property tax rate of 0.99%. This tax bill can impact homeowners significantly, as it represents a recurring annual cost that must be budgeted for. Factors such as changes in home value, local government budgets, and tax rate adjustments can influence the amount homeowners pay each year. Understanding these variables helps homeowners plan their finances and anticipate any changes in their property tax obligations.
Average Rock Camp Tax Bill
$1,167
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Camp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45675 | $1,167 | $1,167 | $1,167 | $1,167 | $1,167 |
Source: Ownwell