Bath, Ohio Property Taxes
The median property tax rate in Bath, Ohio is 1.80%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Bath, the typical annual property tax bill reaches $9,997, significantly exceeding the national median of $2,690. Property taxes in Bath 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 Bath'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 Bath 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
Bath, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$9,986
Ownwell’s Bath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bath 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 Bath, Ohio
Property taxes in Bath, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bath is 1.80%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bath 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 Bath's effective property tax rate to other areas in Summit County and the national median. For comparison, the zip code 44210 has both the highest and lowest median property tax rate of 1.80%. Understanding how these cities compare with Bath provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bath Tax Rate
1.80%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44210 | 1.49% | 1.67% | 1.80% | 1.80% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Bath, Ohio
In Bath, 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 Summit County Fiscal Office 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 Bath, 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 Bath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bath both stand at $9,997, with the zip code 44210 reflecting this value.
Average Bath Assessed Value
$554,770
Average Summit County Assessed Value
$168,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44210 | $167,522 | $321,940 | $554,770 | $651,670 | $701,442 |
Source: Ownwell
Property Tax Bills Across Bath, Ohio
In Bath, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Bath is $554,770, and the property tax rate for Summit County is applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and exemptions also influence the final amount. For example, the 25th percentile tax bill in Bath is $5,601, while the 75th percentile reaches $11,724, indicating a significant range based on property characteristics. Homeowners in Bath experience varying tax burdens depending on these factors. The highest median tax bill in the area is $9,997, showing how property taxes can substantially impact household budgets. The national median property tax rate is 0.99%, and comparing this to local rates can help homeowners understand their relative tax burden. Overall, understanding these elements is crucial for Bath residents to manage their property tax obligations effectively.
Average Bath Tax Bill
$9,997
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bath, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44210 | $2,733 | $5,601 | $9,997 | $11,724 | $12,471 |
Source: Ownwell