Kingston, Ohio Property Taxes
The median property tax rate in Kingston, Ohio is 1.28%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kingston at $119,615, the typical annual property tax bill reaches $1,491, exceeding the national median of $2,690. Property taxes in Kingston 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 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
1.28%
Estimate Property Tax Bill
$1,531
$1,421
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 supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 1.28%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly 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. The data below compares Kingston's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45644 has both the highest and the lowest median property tax rate of 1.28%. Understanding how these areas compare with Kingston provides valuable insights into the varying tax landscape across Ross County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
1.28%
Average Ross County Tax Rate
1.29%
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 | 0.96% | 1.22% | 1.28% | 1.32% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Ohio
In Kingston, 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 Ross 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. For instance, the highest median tax bill in Kingston is $1,491 in the 45644 zip code, while the lowest median tax bill is also $1,491 in the same zip code. Understanding these figures can provide a clearer picture of potential tax liabilities and opportunities for savings.
Average Kingston Assessed Value
$119,615
Average Ross County Assessed Value
$96,810
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 | $12,805 | $52,590 | $119,615 | $212,685 | $318,713 |
Source: Ownwell
Property Tax Bills Across Kingston, Ohio
In Kingston, Ohio, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Kingston, the median home price is $119,615. The tax bill can vary significantly, with the 25th percentile at $646 and the 75th percentile reaching $2,590. At the 90th percentile, the tax bill can rise to $3,774. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value and specific circumstances. Comparatively, the national median property tax rate is 0.99%, and Kingston's rates reflect local economic conditions and public service funding needs. Understanding these factors can help homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Average Kingston Tax Bill
$1,491
Average Ross County Tax Bill
$1,236
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 | $170 | $646 | $1,491 | $2,590 | $3,774 |
Source: Ownwell