Crooksville, Ohio Property Taxes
The median property tax rate in Crooksville, 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 a median home value of $53,065, the typical annual property tax bill in Crooksville is around $682, significantly below the national median of $2,690. Property taxes in Crooksville are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Crooksville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Crooksville or another part of Perry County, comprehending the local property tax framework will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crooksville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Crooksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crooksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crooksville 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 Crooksville, Ohio
Property taxes in Crooksville, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Crooksville stands at 1.35%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Crooksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crooksville 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 Crooksville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43731 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Crooksville provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crooksville Tax Rate
1.35%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crooksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43731 | 0.92% | 1.31% | 1.35% | 1.45% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Crooksville, Ohio
In Crooksville, 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 Perry County Auditor 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 Crooksville, 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 Crooksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Perry County is $682 in the 43731 zip code, while the lowest is also $682 in the same zip code.
Average Crooksville Assessed Value
$53,065
Average Perry County Assessed Value
$71,105
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crooksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43731 | $5,549 | $25,965 | $53,065 | $87,450 | $139,797 |
Source: Ownwell
Property Tax Bills Across Crooksville, Ohio
In Crooksville, Perry County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Crooksville is $53,065. Property taxes are then applied to this assessed value using the local tax rate, which can vary but significantly impacts the final bill. For homeowners, the 25th percentile tax bill is around $301, while the 75th percentile reaches $1,118, and the 90th percentile can go as high as $1,820. These variations depend on factors such as the property's location within the city, any applicable exemptions, and the specific tax rates set by local authorities. Compared to the national median property tax rate of 0.99%, the tax bills in Crooksville highlight how local assessments and tax policies can influence the financial obligations of homeowners. Understanding these elements is crucial for homeowners to anticipate their annual property tax responsibilities accurately.
Average Crooksville Tax Bill
$682
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Crooksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43731 | $71 | $301 | $682 | $1,118 | $1,820 |
Source: Ownwell