Mount Perry, Ohio Property Taxes
The median property tax rate in Mount Perry, OH is 1.36%, 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 $98,150 in Mount Perry, the typical annual property tax bill amounts to $1,375, still below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mount Perry'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 Mount Perry 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
Mount Perry, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,335
$1,239
Ownwell’s Mount Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Perry 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 Mount Perry, Ohio
Property taxes in Mount Perry, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Perry is 1.36%, higher than the U.S. national median of 0.99%. Local government entities within Mount Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Perry 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 Mount Perry's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43760 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these areas compare with Mount Perry 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 Mount Perry Tax Rate
1.36%
Average Muskingum County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43760 | 1.20% | 1.33% | 1.36% | 1.39% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Mount Perry, Ohio
In Mount Perry, 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 Mount Perry, 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. The median home price in Mount Perry is $98,150, with tax bills ranging from $677 at the 25th percentile to $3,514 at the 90th percentile. The zip code 43760 has the highest and lowest median tax bill at $1,375. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Perry Assessed Value
$98,150
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 Mount Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43760 | $9,510 | $44,900 | $98,150 | $183,600 | $256,590 |
Source: Ownwell
Property Tax Bills Across Mount Perry, Ohio
In Mount Perry, located in Muskingum County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners should be aware that the assessed value is typically a percentage of the market value of the property. In this region, the median home price stands at $98,150. To determine the tax bill, the assessed value is multiplied by the tax rate set by local authorities. For instance, homeowners in Mount Perry can expect a wide range of property tax bills. The 25th percentile tax bill is $677, while the 75th percentile reaches $2,551, and the 90th percentile climbs to $3,514. These tax bills are influenced by factors such as property improvements, neighborhood developments, and changes in local government budgets. Compared to the national median property tax rate of 0.99%, Mount Perry's tax rates can significantly impact homeowners, affecting annual budgeting and long-term financial planning.
Average Mount Perry Tax Bill
$1,375
Average Muskingum County Tax Bill
$1,192
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43760 | $193 | $677 | $1,375 | $2,551 | $3,514 |
Source: Ownwell