Carlisle, Ohio Property Taxes
The median property tax rate in Carlisle, OH is 1.51%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Carlisle, the typical annual property tax bill reaches $718, which is significantly below the national median of $2,690. Property taxes in Carlisle 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 Carlisle'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 Carlisle 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
Carlisle, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell's Carlisle Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Carlisle using just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Carlisle to provide an accurate estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities, making financial planning easier. For those interested in more detailed information, including neighborhood-level trends, additional localized data is available below. Your property's assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Carlisle, Ohio
Property taxes in Carlisle, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlisle is 1.51%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Carlisle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlisle 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 Carlisle's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45005 zip code has the highest median property tax rate of 1.51%, while the 45005 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Carlisle provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlisle Tax Rate
1.51%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlisle, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45005 | 1.50% | 1.50% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle, Ohio
In Carlisle, 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 Warren 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 Carlisle, 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 Carlisle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $718.00, found in the 45005 zip code.
Average Carlisle Assessed Value
$4,050
Average Warren County Assessed Value
$234,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlisle, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45005 | $1,410 | $1,418 | $4,050 | $48,572 | $48,590 |
Source: Ownwell
Property Tax Bills Across Carlisle, Ohio
In Carlisle, located in Warren County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal office. The assessed value typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Carlisle, the median home price is $4,050, resulting in varying tax bills. The 25th percentile tax bill is $22, while the 75th and 90th percentiles are both $733, indicating a significant range based on property values and assessment practices. Compared to the national median property tax rate of 0.99%, Carlisle's rates can be seen as relatively low, offering some financial relief to homeowners. These tax bills directly impact homeowners by influencing their annual financial planning and overall housing costs. Understanding how these factors interplay helps residents anticipate their tax obligations and manage their budgets more effectively.
Average Carlisle Tax Bill
$718
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlisle, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45005 | $21 | $22 | $718 | $733 | $733 |
Source: Ownwell