Continental, Ohio Property Taxes
The median property tax rate in Continental, OH is 1.40%, notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Continental at $94,285, the typical annual property tax bill reaches $1,381, which is less than the national median of $2,690. Property taxes in Continental are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Continental'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 Continental 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
Continental, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,320
$1,225
Ownwell’s Continental Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Continental with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Continental 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 Continental, Ohio
Property taxes in Continental, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Continental is 1.40%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Continental set these rates annually, and they can vary significantly across different neighborhoods. Each year, Continental 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 Continental's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45831 has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Continental provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Continental Tax Rate
1.40%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Continental, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45831 | 0.91% | 1.26% | 1.40% | 1.72% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Continental, Ohio
In Continental, 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 Putnam 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 Continental, 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 Continental helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Continental is $94,285. The highest median tax bill in the area is $1,381 in the 45831 zip code, while the lowest is also $1,381 in the same zip code, reflecting a uniformity in tax bills across the region.
Average Continental Assessed Value
$94,285
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Continental, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45831 | $17,540 | $58,068 | $94,285 | $152,598 | $253,073 |
Source: Ownwell
Property Tax Bills Across Continental, Ohio
In the city of Continental in Putnam County, OH, property tax bills are calculated based on the assessed value of a home, which is often a percentage of the market value. The median home price in this area is $94,285. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies across different jurisdictions. Factors such as property improvements, neighborhood developments, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners in Continental, the property tax bill can range significantly. At the 25th percentile, the tax bill is approximately $883, while at the 75th percentile, it reaches about $2,012. For those at the 90th percentile, the tax bill can be as high as $2,976. These variations show how different factors can impact tax obligations. Compared to the national median property tax rate of 0.99%, homeowners in Continental experience a diverse range of tax bills, reflecting the unique local economic and property conditions.
Average Continental Tax Bill
$1,381
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Continental, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45831 | $332 | $883 | $1,381 | $2,012 | $2,976 |
Source: Ownwell