Zanesville, Ohio Property Taxes
The median property tax rate in Zanesville, OH is 1.35%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Zanesville at $86,800, the typical annual property tax bill amounts to $1,169, falling below the national median of $2,690. Property taxes in Zanesville are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural use. 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, grasping 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
1.35%
Estimate Property Tax Bill
$1,172
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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zanesville is 1.35%, 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 counties in Ohio and the national median. For comparison, the 43701 zip code has the highest median property tax rate of 1.35%, while also having the lowest median tax rate of 1.35%. Understanding how these cities 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
1.35%
Average Muskingum County Tax Rate
1.33%
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 | 1.04% | 1.19% | 1.35% | 1.39% | 1.44% |
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 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 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. For instance, the median home price in Zanesville is $86,800, with tax bills ranging from $501 at the 25th percentile to $2,812 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 43701, standing at $1,169. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Zanesville Assessed Value
$86,800
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 Zanesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43701 | $4,700 | $30,800 | $86,800 | $144,100 | $210,920 |
Source: Ownwell
Property Tax Bills Across Zanesville, Ohio
In Zanesville, property tax bills are calculated based on the assessed value of a home, which is determined by the Muskingum County Auditor's office. The assessed value is a percentage of the home's market value. Homeowners in Zanesville can expect their tax bill to vary depending on this assessed value, local tax rates, and any applicable exemptions. For instance, with a median home price of $86,800, homeowners might see a tax bill ranging from $501 at the 25th percentile to $1,904 at the 75th percentile, and up to $2,812 at the 90th percentile. The highest median tax bill in the 43701 ZIP code stands at $1,169. These figures highlight the variability in property taxes, which can significantly impact household budgets. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Zanesville to understand how local rates and assessed values influence their tax responsibilities. This understanding helps homeowners plan for their financial obligations and seek potential exemptions to reduce their tax burden.
Average Zanesville Tax Bill
$1,169
Average Muskingum County Tax Bill
$1,192
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 | $146 | $501 | $1,169 | $1,904 | $2,812 |
Source: Ownwell