Coshocton, Ohio Property Taxes
The median property tax rate in Coshocton, OH is 1.22%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $63,400 in Coshocton, the typical annual property tax bill amounts to $771, significantly below the national median of $2,690. Property taxes in Coshocton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Coshocton, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Coshocton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coshocton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$773
$718
Ownwell’s Coshocton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coshocton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coshocton 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 Coshocton, Ohio
Property taxes in Coshocton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coshocton is 1.01%, slightly higher than the Ohio state median of 1.00% and above the U.S. national median of 0.99%. Local government entities within Coshocton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coshocton 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 Coshocton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43812 zip code has the highest median property tax rate of 1.01%, while the same 43812 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Coshocton 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 Coshocton Tax Rate
1.22%
Average Muskingum County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coshocton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Coshocton, Ohio
In Coshocton, 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 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 Coshocton, 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 Coshocton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coshocton are both $771, found in the 43812 zip code.
Average Coshocton Assessed Value
$63,400
Average Muskingum County Assessed Value
$90,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coshocton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | $63,400 | $63,400 | $63,400 | $63,400 | $63,400 |
Source: Ownwell
Property Tax Bills Across Coshocton, Ohio
In Coshocton, Ohio, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $63,400, homeowners can expect a consistent tax bill around $771, regardless of percentile variations. This uniformity is due to the standardized assessment practices in the area. Several factors influence the assessed value, including property size, location, and any improvements made. These assessments ensure that property taxes are fairly distributed among homeowners. Compared to the national median property tax rate of 0.99%, Coshocton’s tax rate is relatively straightforward, providing predictability for homeowners. This stability in tax bills helps homeowners budget effectively and understand their long-term financial commitments, making it easier to plan for future expenses.
Average Coshocton Tax Bill
$771
Average Muskingum County Tax Bill
$1,192
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Coshocton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43812 | $771 | $771 | $771 | $771 | $771 |
Source: Ownwell