Murray City, Hocking County, Ohio Property Taxes
Median Murray City, OH effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but slightly higher than the Ohio state median of 1.80%.
Median Murray City, OH home value: $42,480
Median annual Murray City, OH tax bill: $740, $1,660 lower than the national median property tax bill of $2,400.
How are property taxes in Hocking County calculated?
Property taxes in Murray City, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Murray City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Murray City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Murray City, Hocking County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.81%
Estimate Property Tax Bill
$769
$714
Property Tax Rates Across Murray City, Hocking County, Ohio
Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties calculate their necessary budget to fund services and divide this by the total value of taxable property in the area, which results in the property tax rate. This process, while involving votes and legal considerations, essentially follows this annual cycle.
In Murray City, located in Hocking County, Ohio, the effective property tax rate can be compared to other cities within the state and to the national median. Ohio's median property tax rate is notably higher than the national average of 1.02%. This difference highlights the importance of understanding local tax obligations and potential savings through property tax appeals. By being aware of these rates, property owners in Murray City can better manage their finances and explore opportunities for tax relief.
Understanding these variations is crucial for homeowners aiming to optimize their property tax expenses. With professional guidance, it's possible to appeal for adjustments, potentially leading to significant savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Murray City Tax Rate
1.81%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hocking County Tax Rate
1.35%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Murray City, Hocking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43144 | 1.04% | 1.78% | 1.81% | 1.81% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Murray City, Hocking County, Ohio
When examining property taxes in Murray City, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hocking County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Hocking County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Murray City.
For example, the median home price in Murray City is $42,480, with tax bills ranging significantly across the county. Zip code 43144 has the highest median home price at $42,480.
Property Tax Assessment Values Across Murray City, Hocking County, Ohio
Source: Ownwell
$35,920
$108,520
$181,120
Median Murray City Market Value
$42,480
Median Hocking County Market Value
$109,310
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Murray City, Hocking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43144 | $6,370 | $15,400 | $42,480 | $60,000 | $90,430 |
Source: Ownwell
Property Tax Bills Across Murray City, Hocking County, Ohio
In Murray City, located in Hocking County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Murray City face a median property tax bill of $740, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $338 and the 90th percentile reaching $1,593. These variations depend on factors such as property location, improvements, and local levies.
Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and market conditions, Ownwell identifies opportunities for reductions and guides homeowners through the appeal process. This can result in substantial savings on property tax bills, making homeownership more affordable and manageable for residents in Murray City.
Median Murray City Tax Bill
$740
Median Hocking County Tax Bill
$1,629
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Murray City, Hocking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43144 | $140 | $338 | $740 | $1,171 | $1,593 |
Source: Ownwell