Heath, Ohio Property Taxes
The median property tax rate in Heath, OH is 2.88%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Heath at $149,300, the typical annual property tax bill reaches $3,909, far exceeding the national median of $2,690. Property taxes in Heath 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 Heath'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 Heath 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
Heath, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.88%
Estimate Property Tax Bill
$4,300
Ownwell’s Heath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heath 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 Heath, Ohio
Property taxes in Heath, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Heath stands at 2.88%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Heath set these rates annually, and they can vary across different neighborhoods. Each year, Heath 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 Heath's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43056 has the highest median property tax rate of 2.88%, while the same zip code also has the lowest median tax rate of 2.88%. Understanding how these areas compare with Heath 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 Heath Tax Rate
2.88%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Heath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43056 | 1.88% | 2.40% | 2.88% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Heath, Ohio
In Heath, 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 Heath, 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 Heath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3909 in the 43056 zip code, while the lowest median tax bill is also $3909 in the same zip code.
Average Heath Assessed Value
$149,300
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 Heath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43056 | $23,200 | $105,700 | $149,300 | $208,200 | $299,600 |
Source: Ownwell
Property Tax Bills Across Heath, Ohio
In Heath, located in Licking County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assigns this assessed value, and the local tax rate is then applied to determine the tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or abatements. For homeowners in Heath, understanding these factors is crucial as they directly impact their annual financial obligations. The median home price in Heath is $149,300, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,530, while the 75th percentile reaches $5,232, and the 90th percentile can be as high as $7,202. Compared to the national median property tax rate of 0.99%, homeowners in Heath may find their tax rates to be relatively comparable, though individual circumstances can lead to higher or lower bills. This variability underscores the importance of accurate property assessments and awareness of local tax regulations.
Average Heath Tax Bill
$3,909
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Heath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43056 | $593 | $2,530 | $3,909 | $5,232 | $7,202 |
Source: Ownwell