Croton, Licking County, Ohio Property Taxes

Name: Property Tax Bills Across Croton, Licking County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Croton, OH effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Croton, OH home value: $169,700
Median annual Croton, OH tax bill: $3,866, $1,466 higher than the national median property tax bill of $2,400.

How are property taxes in Licking County calculated?

Property taxes in Croton, 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 Croton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Croton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Croton, Licking County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$3,971

$3,685

Ownwell’s Croton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Croton with just two data points. By entering your property's estimated assessed value, our calculator applies Croton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Licking County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Croton, Licking County, Ohio

Local government entities set tax rates, which can vary widely within a state. Why? Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their 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 Croton, located in Licking County, Ohio, property tax rates can be compared to other cities in the state and the national median. The effective property tax rate in Croton is significantly higher than the national median of 1.02%. Ohio's median property tax rate is also above the national median. This means homeowners in Croton pay more in property taxes compared to many other parts of the country. Understanding these rates can help property owners make informed decisions about their investments and potential savings through tax appeals and exemptions. By staying informed, residents can ensure they are not overpaying and can take advantage of any available tax relief options.

Property Tax Rates Across Croton, Licking County, Ohio

Source: Ownwell

1.80%

2.88%

3.96%

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 Croton Tax Rate

2.34%

Median Effective Licking County Tax Rate

2.22%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Croton, Licking County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43013	1.03%	2.34%	2.34%	2.44%	2.44%

Source: Ownwell

Property Tax Assessment Values Across Croton, Licking County, Ohio

When examining property taxes in Croton, 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 Licking 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. Assessment notices: In Licking County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Croton. For example, the median home price in Croton is $169,700, with tax bills ranging significantly across the county. Zip code 43013 has the highest median home price at $169,700.

Property Tax Assessment Values Across Croton, Licking County, Ohio

Source: Ownwell

$7,100

$149,200

$291,300

Median Croton Market Value

$169,700

Median Licking County Market Value

$163,800

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Croton, Licking County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43013	$51,060	$94,700	$169,700	$254,650	$343,580

Source: Ownwell

Property Tax Bills Across Croton, Licking County, Ohio

In Croton, located in Licking County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Croton face a median property tax bill of $3,866, significantly above the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $2,096 and the 90th percentile reaching $7,271, reflecting the variation in property values and local tax rates. This disparity can significantly impact homeowners' budgets, making it crucial to ensure their property is assessed accurately. Ownwell offers expertise in property tax appeals and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in filing appeals to correct overvaluations, ensuring they pay only their fair share. This service can lead to substantial savings, easing the financial burden on homeowners.

Property Tax Bills Across Croton, Licking County, Ohio

Source: Ownwell

$142

$5,016

$9,889

Median Croton Tax Bill

$3,866

Median Licking County Tax Bill

$3,689

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Croton, Licking County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43013	$437	$2,096	$3,866	$5,706	$7,271

Source: Ownwell