Malta, Ohio Property Taxes
The median property tax rate in Malta, Ohio is 0.80%, significantly lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $15,940 in Malta, the typical annual property tax bill amounts to $190, far below the national median of $2,690. Property taxes in Malta are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Malta'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 Malta or another part of Perry County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Malta, 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 Malta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malta 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 Malta, Ohio
Property taxes in Malta, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malta is 0.80%, lower than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Malta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malta 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 Malta's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43758 has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Malta 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 Malta Tax Rate
0.80%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malta, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43758 | 0.38% | 0.71% | 0.80% | 1.02% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Malta, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Malta, Ohio. 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 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 Malta, 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 Malta is $15,940, with tax bills ranging from $44 at the 25th percentile to $780 at the 90th percentile. The highest and lowest median tax bills are both $190, found in the 43758 zip code. 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 Malta Assessed Value
$15,940
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 Malta, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43758 | $9,544 | $14,560 | $15,940 | $28,630 | $78,964 |
Source: Ownwell
Property Tax Bills Across Malta, Ohio
In Malta, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and market conditions are considered when assessing its value. The median home price in Malta is $15,940, significantly lower than the national median, which directly impacts the tax bill. Homeowners in Malta can expect their tax bills to vary widely. The 25th percentile tax bill is around $44, while the 75th percentile reaches $230. For those in the 90th percentile, tax bills can go up to $780. The highest median tax bill in the region is $190, found in the 43758 zip code. These variations can significantly affect homeowners, influencing their financial planning and the overall affordability of maintaining a property in Malta.
Average Malta Tax Bill
$190
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Malta, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43758 | $33 | $44 | $190 | $230 | $780 |
Source: Ownwell