Canal Fulton, Ohio Property Taxes
The median property tax rate in Canal Fulton, OH is 0.90%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $178,100 in Canal Fulton, the typical annual property tax bill amounts to $1,477, falling below the national median of $2,690. Property taxes in Canal Fulton are calculated based on the assessed value, which often is less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Canal Fulton'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 Canal Fulton 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
Canal Fulton, 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 Canal Fulton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canal Fulton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canal Fulton 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 Canal Fulton, Ohio
Property taxes in Canal Fulton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canal Fulton is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Canal Fulton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canal Fulton 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 Canal Fulton's effective property tax rate to other areas in Stark County and the national median. For comparison, the 44614 zip code has the same median property tax rate of 0.90%. Understanding how these cities compare with Canal Fulton provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canal Fulton Tax Rate
0.90%
Average Stark County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canal Fulton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44614 | 0.55% | 0.75% | 0.90% | 1.84% | 3.33% |
Source: Ownwell
Property Tax Assessment Values Across Canal Fulton, Ohio
In Canal Fulton, 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 Stark 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. Assessment notices in Canal Fulton 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 Canal Fulton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,477, found in the 44614 zip code.
Average Canal Fulton Assessed Value
$178,100
Average Stark County Assessed Value
$128,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canal Fulton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44614 | $112,170 | $144,825 | $178,100 | $231,550 | $304,530 |
Source: Ownwell
Property Tax Bills Across Canal Fulton, Ohio
In Canal Fulton, located in Stark County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. Once the assessed value is established, local tax rates are applied. These rates are determined by various taxing authorities such as school districts, municipalities, and special districts, each contributing to the overall tax rate. Homeowners in Canal Fulton can expect to pay a median property tax bill of approximately $1,477 annually, which is lower than the national median of 0.99%. However, the actual tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $900, while at the 75th percentile, it rises to about $2,770. For those in the 90th percentile, the tax bill can be as high as $5,089. These variations are influenced by factors such as property location, home value, and specific tax levies in the area, impacting homeowners differently.
Average Canal Fulton Tax Bill
$1,477
Average Stark County Tax Bill
$801
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Canal Fulton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44614 | $402 | $900 | $1,477 | $2,770 | $5,089 |
Source: Ownwell