Canal Fulton, Summit County, Ohio Property Taxes
Median Canal Fulton, OH effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Canal Fulton, OH home value: $283,965
Median annual Canal Fulton, OH tax bill: $4,094, $1,694 higher than the national median property tax bill of $2,400.
How are property taxes in Summit County calculated?
Property taxes in Canal Fulton, 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 Canal Fulton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canal Fulton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Canal Fulton, Summit County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.38%
Estimate Property Tax Bill
$3,919
$3,636
Property Tax Rates Across Canal Fulton, Summit County, Ohio
Local government entities set tax rates, and these can vary significantly within Ohio. Each county, including Summit County, calculates its annual budget needs for services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the core process followed annually.
In Canal Fulton, located in Summit County, the effective property tax rate can be compared to other cities in Ohio. The median property tax rate in Ohio is 1.38%, which is above the national median of 1.02%. This higher rate reflects the local government’s budgetary requirements and the overall property values within the area. The median property tax bill in Ohio is also notably above the national median of $2400.
Understanding these differences can help property owners in Canal Fulton and beyond to better navigate their financial obligations and potentially explore opportunities for tax appeals or exemptions.
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 Canal Fulton Tax Rate
1.38%
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 Summit County Tax Rate
1.63%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Canal Fulton, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44614 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Canal Fulton, Summit County, Ohio
When examining property taxes in Canal Fulton, 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 Summit 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 Summit 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 Canal Fulton. For example, the median home price in Canal Fulton is $283,965, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Canal Fulton, Summit County, Ohio
Source: Ownwell
$45,690
$300,230
$554,770
Median Canal Fulton Market Value
$283,965
Median Summit County Market Value
$168,880
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Canal Fulton, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44614 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Canal Fulton, Summit County, Ohio
In Canal Fulton, located in Summit County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, market trends, and local government budgets influence these calculations. The median home price in the area stands at $283,965. Homeowners in Canal Fulton can expect a property tax bill ranging from $3,451 at the 25th percentile to $5,287 at the 90th percentile, with the 75th percentile at $5,022. This range is significantly higher than the national median property tax bill of $2,400, making it crucial for homeowners to ensure their assessments are accurate.
Ownwell can assist homeowners by reviewing their property tax assessments to identify potential savings. By appealing inaccurate assessments or securing exemptions, Ownwell helps reduce tax burdens, ensuring homeowners are not overpaying. This service not only provides financial relief but also peace of mind, knowing their property taxes are fair and accurate.
Median Canal Fulton Tax Bill
$4,094
Median Summit County Tax Bill
$2,683
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Canal Fulton, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44614 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell