Crescent City, Ohio Property Taxes
The median property tax rate in Crescent City, Ohio is 4.03%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Crescent City at $27,280, the typical annual property tax bill amounts to $1,101, surpassing the national median of $2,690. Property taxes in Crescent City are calculated based on the assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Crescent City'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 Crescent City 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
Crescent City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.03%
Estimate Property Tax Bill
$1,099
$1,020
Ownwell’s Crescent City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crescent City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crescent City 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 Crescent City, Ohio
Property taxes in Crescent City, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crescent City is 4.03%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Crescent City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crescent City 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 Crescent City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 39113 zip code has the highest median property tax rate of 4.03%, while the 39113 zip code also has the lowest median tax rate of 4.03%. Understanding how these areas compare with Crescent City provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crescent City Tax Rate
4.03%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crescent City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95531 | 4.03% | 4.03% | 4.03% | 4.03% | 4.03% |
Source: Ownwell
Property Tax Assessment Values Across Crescent City, Ohio
In Crescent City, 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 Montgomery 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 Crescent City, 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. For instance, the highest and lowest median tax bills in the area are both $1,101, found in the 95531 zip code. 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 Crescent City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crescent City Assessed Value
$27,280
Average Montgomery County Assessed Value
$98,910
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crescent City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95531 | $27,280 | $27,280 | $27,280 | $27,280 | $27,280 |
Source: Ownwell
Property Tax Bills Across Crescent City, Ohio
In Crescent City, Montgomery County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Crescent City, the median home price is $27,280, and the median property tax bill stands at $1,101. This figure is consistent across various percentiles, indicating a uniformity in tax assessments. Compared to the national median property tax rate of 0.99%, Crescent City's property tax rate is relatively high when considering the lower median home price. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Consequently, homeowners in Crescent City must budget for this annual expense, which can significantly impact their overall cost of living. Understanding how these taxes are calculated helps homeowners better manage their finances and plan for future expenses.
Average Crescent City Tax Bill
$1,101
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Crescent City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95531 | $1,101 | $1,101 | $1,101 | $1,101 | $1,101 |
Source: Ownwell