Kunkle, Ohio Property Taxes
The median property tax rate in Kunkle, OH is 1.58%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Kunkle at $36,500, the typical annual property tax bill amounts to $582, which is significantly below the national median of $2,690. Property taxes in Kunkle are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kunkle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kunkle or another part of Williams County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kunkle, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$577
$535
Ownwell’s Kunkle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kunkle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kunkle 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 Kunkle, Ohio
Property taxes in Kunkle, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kunkle is 1.58%, which is notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kunkle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kunkle 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 Kunkle's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43531 zip code has both the highest and the lowest median property tax rate of 1.58%. Understanding how these areas compare with Kunkle provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kunkle Tax Rate
1.58%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kunkle, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43531 | 0.98% | 1.54% | 1.58% | 1.59% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Kunkle, Ohio
In Kunkle, 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 Williams 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 Kunkle, 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, in Kunkle, the median home price is $36,500, with tax bills ranging from $210 at the 25th percentile to $1,179 at the 90th percentile. The zip code with the highest median tax bill is 43531, at $582. By understanding these valuation processes, 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 Kunkle Assessed Value
$36,500
Average Williams County Assessed Value
$99,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kunkle, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43531 | $4,760 | $14,300 | $36,500 | $58,400 | $84,800 |
Source: Ownwell
Property Tax Bills Across Kunkle, Ohio
Property tax bills in Kunkle, located in Williams County, OH, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is determined by the county's appraisal district. Homeowners in Kunkle can expect to pay property taxes that fall within a range influenced by various factors, including property size, location, and market conditions. For instance, the median home price in Kunkle stands at $36,500. Property tax bills can vary significantly, with the 25th percentile at $210 and the 75th percentile reaching $814. At the higher end, the 90th percentile tax bill is $1,179. These figures are reflective of a property tax rate that can be compared to the national median rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes directly impact annual housing costs. Higher assessed values or changes in tax rates can lead to increased tax bills, affecting overall affordability and financial planning.
Average Kunkle Tax Bill
$582
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kunkle, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43531 | $75 | $210 | $582 | $814 | $1,179 |
Source: Ownwell