Kingston, Ohio Property Taxes
The median property tax rate in Kingston, Ohio is 1.25%, 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 Kingston, the typical annual property tax bill reaches $1,804, falling below the national median of $2,690. Property taxes in Kingston are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kingston'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 Kingston 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
Kingston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,095
$1,944
Ownwell’s Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston 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 Kingston, Ohio
Property taxes in Kingston, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kingston is 1.25%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary across different neighborhoods. Each year, Kingston 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. For comparison, the 45644 ZIP code has both the highest and lowest median property tax rate of 1.25%. Understanding how these areas compare with Kingston provides valuable insights into the varying tax landscape across Pickaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
1.25%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45644 | 0.30% | 0.91% | 1.25% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kingston, 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 Pickaway 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 Kingston, 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 Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Kingston is $1804.00 in the 45644 zip code, which is also the lowest.
Average Kingston Assessed Value
$167,570
Average Pickaway County Assessed Value
$169,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45644 | $86,064 | $116,270 | $167,570 | $253,440 | $433,624 |
Source: Ownwell
Property Tax Bills Across Kingston, Ohio
In Kingston, 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 typically a percentage of the market value of the property. For homeowners in Kingston, the median home price is $167,570. The tax rate in this area is applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Kingston can expect property tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,261, while at the 75th percentile, it rises to approximately $2,684. The 90th percentile sees tax bills as high as $3,498. These values highlight the range of possible tax burdens depending on individual property assessments. Compared to the national median property tax rate of 0.99%, Kingston's rates and tax bills reflect the unique economic and property market conditions of the area, impacting homeowners' financial planning and property investment decisions.
Average Kingston Tax Bill
$1,804
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45644 | $759 | $1,261 | $1,804 | $2,684 | $3,498 |
Source: Ownwell