Stone Creek, Ohio Property Taxes
The median property tax rate in Stone Creek, OH is 1.42%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Stone Creek, the typical annual property tax bill reaches $1,544, exceeding the national median of $2,690. Property taxes in Stone Creek 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 Stone Creek'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 Stone Creek 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
Stone Creek, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,635
Ownwell’s Stone Creek Property Tax Bill Calculator enables any homeowner, real estate investor, or potential buyer to estimate their annual property taxes in Stone Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stone Creek 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 Stone Creek, Ohio
Property taxes in Stone Creek, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone Creek is 1.42%, notably higher than the U.S. national median of 0.99%. Local government entities within Stone Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stone Creek 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 Stone Creek's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43840 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Stone Creek 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 Stone Creek Tax Rate
1.42%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stone Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43840 | 1.14% | 1.32% | 1.42% | 1.45% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Stone Creek, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stone Creek, 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 local authorities 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 Stone Creek 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Stone Creek, the zip code 43840 has the highest and lowest median tax bill at $1,544. The national median property tax rate is 0.99%, making it essential for homeowners to stay informed and proactive in managing their property taxes.
Average Stone Creek Assessed Value
$115,130
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 Stone Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43840 | $29,429 | $68,732 | $115,130 | $170,492 | $218,964 |
Source: Ownwell
Property Tax Bills Across Stone Creek, Ohio
In Stone Creek, Tuscarawas County, OH, property tax bills are determined by a combination of the assessed value of your property and the local tax rate. For homeowners in this area, the median home price is $115,130. The assessed value is typically a percentage of the market value, and then the local tax rate is applied to this assessed value to calculate the tax bill. For instance, property tax bills in Stone Creek can vary significantly. The tax bill at the 25th percentile is $957, while at the 75th percentile, it rises to $2,288. At the 90th percentile, homeowners might see bills as high as $3,055. These figures highlight the range of property tax burdens that homeowners can face, depending on the assessed value of their property and the specific tax rates applied. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Stone Creek's property tax rates align with broader trends. This variability in tax bills can significantly impact homeowners' financial planning and budgeting.
Average Stone Creek Tax Bill
$1,544
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stone Creek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43840 | $427 | $957 | $1,544 | $2,288 | $3,055 |
Source: Ownwell