Baltimore, Ohio Property Taxes
The median property tax rate in Baltimore, Ohio is 2.22%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Baltimore, the typical annual property tax bill reaches $4,990, exceeding the national median of $2,690. Property taxes in Baltimore 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 Baltimore'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 Baltimore 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
Baltimore, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$4,986
Ownwell’s Baltimore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baltimore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baltimore 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 Baltimore, Ohio
Property taxes in Baltimore, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baltimore is 1.15%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Baltimore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baltimore 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 Baltimore's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43105 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Baltimore provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baltimore Tax Rate
2.22%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baltimore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43105 | 1.37% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Baltimore, Ohio
In Baltimore, 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 Licking 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 Baltimore, 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 Baltimore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $224,600, with tax bills ranging from $4,146 at the 25th percentile to $7,588 at the 90th percentile. The zip code 43105 has both the highest and lowest median tax bill at $4,990.
Average Baltimore Assessed Value
$224,600
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baltimore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43105 | $117,550 | $186,600 | $224,600 | $297,800 | $760,900 |
Source: Ownwell
Property Tax Bills Across Baltimore, Ohio
In Baltimore, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Factors such as recent sales of similar homes, property size, and improvements can influence this valuation. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Baltimore, the property tax burden can vary significantly. The median home price is $224,600, and tax bills can range widely. At the 25th percentile, homeowners might pay around $4,146, while those at the 75th percentile could see bills as high as $6,617. At the 90th percentile, the tax bill can reach up to $7,588. These figures highlight the variability in tax obligations, which can impact household budgets and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Baltimore's rates can lead to substantial annual expenses for property owners.
Average Baltimore Tax Bill
$4,990
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Baltimore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43105 | $2,000 | $4,146 | $4,990 | $6,617 | $7,588 |
Source: Ownwell