Kirkersville, Ohio Property Taxes
The median property tax rate in Kirkersville, OH is 2.19%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kirkersville at $117,650, the typical annual property tax bill reaches $2,571, which is just below the national median of $2,690. Property taxes in Kirkersville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Kirkersville'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 Kirkersville 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
Kirkersville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.19%
Estimate Property Tax Bill
$2,577
$2,391
Ownwell’s Kirkersville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kirkersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirkersville 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 Kirkersville, Ohio
Property taxes in Kirkersville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirkersville is 2.19%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kirkersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirkersville 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 Kirkersville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43033 zip code has the highest median property tax rate of 2.19%, while the same zip code also has the lowest median tax rate of 2.19%. Understanding how these cities compare with Kirkersville 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 Kirkersville Tax Rate
2.19%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirkersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43033 | 2.19% | 2.19% | 2.19% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Kirkersville, Ohio
In Kirkersville, 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 Kirkersville, 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 Kirkersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 43033 has both the highest and lowest median tax bill at $2,571.
Average Kirkersville Assessed Value
$117,650
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 Kirkersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43033 | $40,770 | $91,475 | $117,650 | $148,850 | $175,450 |
Source: Ownwell
Property Tax Bills Across Kirkersville, Ohio
In Kirkersville, located in Licking County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Kirkersville is $117,650. Property tax rates in the area can vary, but the tax bill is determined by multiplying the assessed value of the property by the local tax rate. For example, the median property tax bill is $2,571, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Kirkersville may find their tax bills ranging from $1,979 at the 25th percentile to $3,695 at the 90th percentile. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life and the community's overall well-being. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Kirkersville Tax Bill
$2,571
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirkersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43033 | $701 | $1,979 | $2,571 | $3,227 | $3,695 |
Source: Ownwell