Clinton, Ohio Property Taxes
The median property tax rate in Clinton, OH is 1.35%, which is considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Clinton at $237,890, the typical annual property tax bill reaches $3,132, exceeding the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clinton'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 Clinton 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
Clinton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$3,212
Ownwell’s Clinton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Clinton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clinton, Ohio
Property taxes in Clinton, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44216 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Clinton 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 Clinton Tax Rate
1.35%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44216 | 1.14% | 1.27% | 1.35% | 1.44% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Ohio
In Clinton, 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 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,132 in zip code 44216, while the lowest is also $3,132 in the same zip code.
Average Clinton Assessed Value
$237,890
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 Clinton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44216 | $107,034 | $165,560 | $237,890 | $356,320 | $479,068 |
Source: Ownwell
Property Tax Bills Across Clinton, Ohio
In Clinton, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is determined by the local county assessor and is subject to periodic reassessment to reflect market conditions. Several factors influence the tax bill, including the home's location, size, and any improvements made to the property. Homeowners in Clinton can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,099, while those at the 75th percentile see bills around $5,000. At the 90th percentile, tax bills can reach $7,077. These figures highlight the range of property tax burdens within the area, influenced by differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Clinton's property tax rates can result in a substantial financial impact on homeowners, particularly those with higher-value properties. Understanding these factors is crucial for budgeting and financial planning.
Average Clinton Tax Bill
$3,132
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44216 | $1,270 | $2,099 | $3,132 | $5,000 | $7,077 |
Source: Ownwell