Zanesville, Ohio Property Taxes
The median property tax rate in Zanesville, OH is 2.12%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Zanesville, the typical annual property tax bill reaches $1,960, exceeding the national median of $2,690. Property taxes in Zanesville 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 Zanesville'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 Zanesville 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
Zanesville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$1,959
$1,818
Ownwell’s Zanesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zanesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zanesville 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 Zanesville, Ohio
Property taxes in Zanesville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zanesville is 2.12%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Zanesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zanesville 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 Zanesville's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43701 zip code has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these figures compare with Zanesville provides valuable insights into the varying tax landscape across Muskingum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Zanesville Tax Rate
2.12%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zanesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43701 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Zanesville, Ohio
In Zanesville, 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 Muskingum 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 Zanesville, 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. The median home price in Zanesville is $92,400, with the highest and lowest median tax bills both being $1,960 in the 43701 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Zanesville Assessed Value
$92,400
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 Zanesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43701 | $92,400 | $92,400 | $92,400 | $92,400 | $92,400 |
Source: Ownwell
Property Tax Bills Across Zanesville, Ohio
In Zanesville, located in Licking County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. For example, with a median home price of $92,400, homeowners can expect a tax bill around $1,960, which is consistent across various percentiles, including the 25th, 75th, and 90th. This uniformity indicates a stable property tax environment in the city. The tax bill is influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Zanesville benefit from relatively predictable property tax bills, which aids in financial planning. Compared to the national median property tax rate of 0.99%, Zanesville's property tax rate and resultant bills provide a reliable framework for homeowners, contributing to the overall affordability and stability of owning property in this region.
Average Zanesville Tax Bill
$1,960
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Zanesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43701 | $1,960 | $1,960 | $1,960 | $1,960 | $1,960 |
Source: Ownwell