Baltic, Holmes County, Ohio Property Taxes
Median Baltic, OH effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Baltic, OH home value: $327,580
Median annual Baltic, OH tax bill: $4,113, $1,713 higher than the national median property tax bill of $2,400.
How are property taxes in Holmes calculated?
Property taxes in Baltic, 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 Baltic’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baltic, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baltic, Holmes County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$4,271
$3,963
Property Tax Rates Across Baltic, Holmes County, Ohio
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Baltic, located in Holmes County, Ohio, the effective property tax rate aligns with the county's median rate of 1.27%. This is notably higher than the national median property tax rate of 1.02%. Consequently, homeowners in Baltic may find themselves paying more compared to the national average, as the median property tax bill reflects these higher rates. This difference can impact household budgets, especially when compared to the national median property tax bill of $2400. Understanding these local tax rate differences is crucial for property owners and prospective buyers in making informed decisions about their real estate investments.
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 Baltic Tax Rate
1.27%
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 Holmes County Tax Rate
1.25%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baltic, Holmes County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | 0.59% | 1.03% | 1.27% | 1.29% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Baltic, Holmes County, Ohio
When examining property taxes in Baltic, 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 Holmes 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 Holmes County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Baltic.
For example, the median home price in Baltic is $327,580, with tax bills ranging significantly across the county. Zip code 43804 has the highest median home price at $327,580.
Property Tax Assessment Values Across Baltic, Holmes County, Ohio
Source: Ownwell
$23,670
$206,788
$389,905
Median Baltic Market Value
$336,275
Median Holmes County Market Value
$216,145
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Baltic, Holmes County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | $80,816 | $201,370 | $336,275 | $513,285 | $1,015,133 |
Source: Ownwell
Property Tax Bills Across Baltic, Holmes County, Ohio
In Baltic, Holmes County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is a percentage of the property's market value. The tax rate set by the county is then applied to this assessed value to calculate the annual tax bill. Various factors, such as property size, location, and improvements, can influence the assessed value, impacting the final tax bill. Homeowners in Baltic face a median property tax bill of $4,113, significantly higher than the national median of $2,400, indicating a substantial financial responsibility.
Ownwell assists homeowners by reviewing their property assessments to identify potential overvaluations. By filing appeals and seeking exemptions, Ownwell helps reduce the assessed value, thereby lowering the tax bill. This service is crucial for homeowners aiming to manage their expenses effectively, ensuring they only pay their fair share of property taxes. With Ownwell's expertise, homeowners in Baltic can achieve significant savings on their property tax bills.
Median Baltic Tax Bill
$4,207
Median Holmes County Tax Bill
$2,598
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Baltic, Holmes County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43804 | $1,020 | $2,703 | $4,207 | $5,657 | $6,805 |
Source: Ownwell