Caldwell, Ohio Property Taxes
The median property tax rate in Caldwell, Ohio is 1.93%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Caldwell at $74,800, the typical annual property tax bill amounts to $1,409, which is below the national median of $2,690. Property taxes in Caldwell are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Caldwell'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 Caldwell or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caldwell, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$1,444
Ownwell’s Caldwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caldwell 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 Caldwell, Ohio
Property taxes in Caldwell, Ohio, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 1.93%, significantly higher than the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other areas and the national median. For comparison, the zip code 43724 has the highest median property tax rate of 1.93%, while the same zip code also represents the lowest median tax rate of 1.93%. Understanding how these areas compare with Caldwell provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
1.93%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43724 | 1.65% | 1.93% | 1.93% | 1.93% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Ohio
In Caldwell, 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 local 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 Caldwell, 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 Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Caldwell is $74,800. The 25th percentile tax bill is $828, and the 75th percentile tax bill is $2,115. The highest median tax bill is $1,409, found in zip code 43724, which also has the lowest median tax bill of the same amount.
Average Caldwell Assessed Value
$74,800
Average Noble County Assessed Value
$69,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43724 | $16,540 | $43,570 | $74,800 | $112,725 | $163,140 |
Source: Ownwell
Property Tax Bills Across Caldwell, Ohio
In Caldwell, located in Noble County, OH, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $74,800, homeowners can expect a median tax bill of around $1,409. Several factors influence the tax bill, including property location, improvements, and exemptions. The tax bills in Caldwell vary significantly, with the 25th percentile tax bill at $828 and the 75th percentile reaching $2,115. At the 90th percentile, homeowners may see tax bills as high as $3,043. These variations reflect differences in property values and the specific tax rates applied within the region. Compared to the national median property tax rate of 0.99%, Caldwell's tax rate can have a considerable impact on homeowners' annual expenses, influencing their financial planning and property investment decisions.
Average Caldwell Tax Bill
$1,409
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43724 | $307 | $828 | $1,409 | $2,115 | $3,043 |
Source: Ownwell