Gratiot, Muskingum County, Ohio Property Taxes
Median Gratiot, OH effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Gratiot, OH home value: $84,750
Median annual Gratiot, OH tax bill: $1,157, $1,243 lower than the national median property tax bill of $2,400.
How are property taxes in Muskingum calculated?
Property taxes in Gratiot, 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 Gratiot’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gratiot, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gratiot, Muskingum County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.46%
Estimate Property Tax Bill
$1,237
$1,148
Property Tax Rates Across Gratiot, Muskingum County, Ohio
Local government entities are responsible for setting tax rates, and these can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While setting these rates and budgets involves votes and laws, this is the basic annual process.
In Gratiot, located in Muskingum County, Ohio, the effective property tax rate can be compared to other cities in Ohio and the national median. Gratiot's property tax rate is 1.46%, which stands above the national median rate of 1.02%. This places Gratiot among the areas with a relatively higher property tax rate compared to other regions in the country. However, it aligns with the highest and lowest median rates in the county, suggesting a uniformity within Muskingum County. For homeowners in Gratiot, understanding these rates is crucial for financial planning and property tax appeal considerations.
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 Gratiot Tax Rate
1.46%
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 Muskingum County Tax Rate
1.33%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gratiot, Muskingum County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43740 | 1.15% | 1.43% | 1.46% | 1.47% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Gratiot, Muskingum County, Ohio
When examining property taxes in Gratiot, 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 Muskingum County Auditor 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 Muskingum County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Gratiot. For example, the median home price in Gratiot is $84,750, with tax bills ranging significantly across the county. ZIP code 43740 has the highest median home price at $84,750.
Property Tax Assessment Values Across Gratiot, Muskingum County, Ohio
Source: Ownwell
$12,800
$115,200
$217,600
Median Gratiot Market Value
$84,750
Median Muskingum County Market Value
$90,600
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gratiot, Muskingum County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43740 | $10,640 | $21,650 | $84,750 | $113,325 | $129,170 |
Source: Ownwell
Property Tax Bills Across Gratiot, Muskingum County, Ohio
In Gratiot, Muskingum County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is a percentage of the home's market value. The tax rate, set by local taxing authorities, is then applied to this assessed value. Factors such as local government budgets and voter-approved levies influence the tax rate. Homeowners in Gratiot typically see tax bills around $1,157, which is below the national median property tax bill of $2,400. However, tax bills can range significantly, with some homeowners paying as little as $499 or as much as $1,818, depending on their property's assessed value and applicable exemptions.
Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and market data, Ownwell ensures homeowners are not overpaying on their taxes. This service can lead to significant reductions in property tax bills, providing financial relief and peace of mind to homeowners in Gratiot.
Median Gratiot Tax Bill
$1,157
Median Muskingum County Tax Bill
$1,192
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Gratiot, Muskingum County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43740 | $164 | $499 | $1,157 | $1,515 | $1,818 |
Source: Ownwell
