Creola, Ohio Property Taxes
The median property tax rate in Creola, OH is 1.23%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $61,170 in Creola, the typical annual property tax bill is $612, falling below the national median of $2,690. Property taxes in Creola are calculated based on the tax assessed value, which often remains below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Creola'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 Creola 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
Creola, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$752
$698
Ownwell’s Creola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creola 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 Creola, Ohio
Property taxes in Creola, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creola is 1.23%, which is notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Creola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creola 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 Creola's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45622 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Creola provides valuable insights into the varying tax landscape across Vinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Creola Tax Rate
1.23%
Average Vinton County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45622 | 0.62% | 0.63% | 1.23% | 1.26% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Creola, Ohio
In Creola, 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 Vinton 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 Creola, 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. For instance, the median home price in Creola is $61,170, with tax bills ranging significantly. The 25th percentile tax bill is $199, while the 75th percentile tax bill is $1,231. The highest median tax bill is $612 in the 45622 zip code, which also happens to have the lowest median tax bill at $612. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Creola Assessed Value
$61,170
Average Vinton County Assessed Value
$50,680
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Creola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45622 | $7,048 | $23,825 | $61,170 | $116,595 | $171,944 |
Source: Ownwell
Property Tax Bills Across Creola, Ohio
In Creola, located in Vinton County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and represents a percentage of the property's market value. Factors such as the home's size, age, location, and improvements can influence this assessed value. The property tax rate in Creola is then applied to the assessed value to determine the annual tax bill. For example, with a median home price of $61,170, homeowners can expect a range of tax bills. At the 25th percentile, the tax bill is approximately $199, while at the 75th percentile, it rises to about $1,231. At the 90th percentile, it can reach up to $2,316. These tax bills impact homeowners by contributing to the funding of local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Creola Tax Bill
$612
Average Vinton County Tax Bill
$541
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Creola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45622 | $68 | $199 | $612 | $1,231 | $2,316 |
Source: Ownwell