Utica, Licking County, Ohio Property Taxes
The median property tax rate in Utica, OH is 1.88%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Utica, the typical annual property tax bill reaches $2,130, which is still below the national median of $2,690. Property taxes in Utica 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 Utica'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 Utica 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
Utica, Licking County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,112
$1,960
Ownwell’s Utica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Utica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Utica 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 Licking County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Utica, Licking County, Ohio
Property taxes in Utica, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Utica is 1.88%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Utica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Utica 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 Utica's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43080 has the highest median property tax rate of 1.88%, while the lowest median tax rate in the same area is also 1.88%. Understanding how these cities compare with Utica 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 Utica Tax Rate
1.88%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Utica, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43080 | 1.39% | 1.88% | 1.88% | 1.94% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Utica, Licking County, Ohio
In Utica, 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 Utica, 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 Utica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Utica is $112,350, with tax bills ranging from $1,182 at the 25th percentile to $5,726 at the 90th percentile. The zip code 43080 has the highest and lowest median tax bill, both at $2,130.
Property Tax Assessment Values Across Utica, Licking County, Ohio
Source: Ownwell
$7,100
$149,200
$291,300
Average Utica Assessed Value
$112,350
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 Utica, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43080 | $18,520 | $63,700 | $112,350 | $194,325 | $325,180 |
Source: Ownwell
Property Tax Bills Across Utica, Licking County, Ohio
In Utica, Ohio, located in Licking County, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Various factors influence this assessed value, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Utica, the median home price is $112,350. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,182 and the 75th percentile reaching $3,652. The 90th percentile tax bill can go up to $5,726. This variation highlights how different factors such as property improvements and neighborhood developments can impact tax bills. Comparatively, the highest and lowest median tax bills in the area both stand at $2,130 in the 43080 zip code. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets effectively.
Average Utica Tax Bill
$2,130
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Utica, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43080 | $317 | $1,182 | $2,130 | $3,652 | $5,726 |
Source: Ownwell