Crestline, Ohio Property Taxes
The median property tax rate in Crestline, OH is 1.90%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Crestline at $108,580, the typical annual property tax bill reaches $2,113, slightly below the national median of $2,690. Property taxes in Crestline are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crestline'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 Crestline or another part of Richland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crestline, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$2,063
$1,914
Ownwell’s Crestline Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Crestline. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Crestline to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making financial planning easier. For those interested in more detailed information at a neighborhood level, additional localized data is available below. Remember, your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Crestline, Ohio
Property taxes in Crestline, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crestline is 1.90%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Crestline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crestline 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 Crestline's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44827 zip code has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with Crestline provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crestline Tax Rate
1.90%
Average Richland County Tax Rate
1.92%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crestline, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44827 | 1.29% | 1.60% | 1.90% | 2.03% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Crestline, Ohio
In Crestline, 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 Richland 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 Crestline, 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 Crestline is $108,580, with the 25th percentile tax bill at $1,555 and the 75th percentile tax bill at $2,848. 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 Crestline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crestline Assessed Value
$108,580
Average Richland County Assessed Value
$93,590
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crestline, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44827 | $32,999 | $78,390 | $108,580 | $156,588 | $224,579 |
Source: Ownwell
Property Tax Bills Across Crestline, Ohio
Property tax bills in Crestline, located in Richland County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor and is a percentage of the property's market value. For instance, if the median home price in Crestline is $108,580, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. In Crestline, the tax bill for the 25th percentile is approximately $1,555, while it rises to about $2,848 for the 75th percentile and $4,022 for the 90th percentile. These property taxes significantly impact homeowners by contributing to local services such as schools, roads, and emergency services. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Crestline Tax Bill
$2,113
Average Richland County Tax Bill
$1,633
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Crestline, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44827 | $1,115 | $1,555 | $2,113 | $2,848 | $4,022 |
Source: Ownwell