Baltic, Ohio Property Taxes
The median property tax rate in Baltic, OH is 1.52%, which is higher than the national median of 0.99% but below the Ohio state median of 1.80%. With a median home value of $123,470 in Baltic, the typical annual property tax bill is around $1,803, which is lower than the national median of $2,690. Property taxes in Baltic are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Baltic'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 Baltic or another part of Tuscarawas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baltic, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,877
$1,742
Ownwell’s Baltic Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Baltic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baltic 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 Baltic, Ohio
Property taxes in Baltic, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baltic is 1.52%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Baltic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baltic 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 Baltic's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43804 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Baltic provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baltic Tax Rate
1.52%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baltic, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | 1.31% | 1.33% | 1.52% | 1.54% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Baltic, Ohio
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Baltic, Ohio. 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 local 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 Baltic, 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. For instance, the median home price in Baltic is $123,470, with the 25th percentile tax bill at $1,387 and the 75th percentile at $2,539. The highest and lowest median tax bills are both $1,803 in the 43804 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Baltic Assessed Value
$123,470
Average Tuscarawas County Assessed Value
$122,160
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baltic, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | $21,890 | $94,120 | $123,470 | $179,872 | $263,366 |
Source: Ownwell
Property Tax Bills Across Baltic, Ohio
In Baltic, located in Tuscarawas County, OH, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Baltic can expect a median property tax rate that aligns closely with the national median of 0.99%. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Baltic is $123,470, and property tax bills can vary significantly. At the 25th percentile, homeowners might see a tax bill of around $1,387, while those at the 75th percentile could face a bill of approximately $2,539. In some cases, tax bills can reach as high as $3,666 at the 90th percentile. These property taxes fund essential local services, such as schools, infrastructure, and emergency services, impacting the overall quality of life for Baltic residents.
Average Baltic Tax Bill
$1,803
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Baltic, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | $348 | $1,387 | $1,803 | $2,539 | $3,666 |
Source: Ownwell