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Carroll
County Auditor Lynn Fairclough
119 South Lisbon Street,
Suite 203 • Carrollton, Ohio 44615
Phone:
330-627-2250
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Fax:
330-627-0426 |
Property Tax Facts
How levies can affect your
taxes: Taxes affect all our lives. And levies are the way many taxing districts choose to raise the money to support the
services their taxpayers demand. Let's take a brief look at how levies operate.
First, let's define the basic terms:
Mill: A unit of measure, 1/1,000 milligram, milliliter,
millimeter, etc. When talking about taxes, a mill is $1.00
in taxes for every $1,000 of assessed value.
Assessed Value: In Ohio, the assessed value of real estate is
35% of the property's estimated market value.
Market Value: The sale price of real estate as agreed upon
between a willing buyer and a willing seller, with neither being under
any duress to either buy or sell.
Who sets
the real estate market value? The County Auditor has the responsibility
for determining the market value of all real estate in the county. The
County Auditor then calculates the assessed value for each property.
How is market value determined?
The
County Auditor uses real estate sales in the county, specific property
characteristics, and statistical analysis to arrive at the market value
for every
property in the county. The market value is determined as of
January 1st of the year of the assessment.
What happens when a tax levy is passed by the voters?
Every
levy ballot must contain language showing the year the levy commences
(begins). For example, "...commencing tax year 2001"; taxpayers within
the district where the levy's been approved will begin paying what they
owe on the tax levy in the year of collection. The amount of millage
they will pay ($1.00/$1,000 of assessed value of their real estate's
value) is based on the amount of money the levy must collect.
Frequently Asked Questions
- What is a renewal with an increase?
- As the population rises in a district so
does the amount of money that a levy will collect. In order to
receive the added money because of increases in value, the
district changes the levy to renewal with an increase. Using
this instead of a replacement will allow the levy to still
receive rollback money from the state EXCEPT
for the increase portion of the levy.
- How often does the County Auditor update market values?
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Every six (6) years
the County Auditor does a field inspection of all the real
estate in the county, called a
revaluation.
If ordered to by the Department of Tax Equalization, the Auditor
also performs an update of property values three (3) years after
the six-year revaluation.
Carroll County's valuation cycle is:
- 2016 Previous Update
- 2019 Previous Revaluation
- 2022 Update
- 2025 Revaluation
Also, if a new house is built, or improvements, such as a deck,
garage, porch or building addition is made to a property, the
property's market value could increase annually until the
improvement is completed.
- How much can I expect to pay in taxes for a 1.00 mill levy?
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Assuming the
market value of your home, which is your primary residence, is $100,000, your tax bill
for a "1 mill" levy is calculated as shown below.
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Sample of the effect
of a 1.00 mill tax on a $100,000 home's tax bill:
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$100,000
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Market value of your home
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$35,000
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Assessed value of your home (35% of $100,000)
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$35.00
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Gross taxes of 1.00 mill ($1.00/$$1,000 assessed value)
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- $3.50
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*State of Ohio 10% Rollback
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-$0.88
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*State pays an additional 2.5% as an exemption for the
primary residence
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$30.62
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Net taxes for 1.00 mill levy
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* If the levy is a new or replacement
levy after 2013, the 10% and 2.5% rollbacks do not apply
since the State of Ohio will no longer give the rebate
for these levies.
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- What is inside millage?
- Inside millage
is limited by law to 10 mills for any taxing
district. Because they are inside mills, these 10 mills can be
collected as a levy without being voted on by the people in the
taxing district.
- What is outside millage?
- Outside millage
is all other millage requested that is over the 10-mill limit.
Outside mills must be voted upon and approved by the majority of
the voters in the taxing district where the tax will be levied.
Because of H.B. 920 (passed in 1976), there is a cap on the
amount of money a levy can collect. That means a levy can
collect no more in the future than it collets during the first
year it's enacted.
- What is a replacement levy?
- What is a renewal levy?
- A renewal levy allows the taxing
district to keep a current levy on the books and collect the
same amount of money as when the original levy was voted in.
- What is a "rollback"? What is the Owner-Occupancy exemption?
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The State of Ohio pays each subdivision (school, township,
village, count board or district) for the portion of the taxes
that are either "rolled back" or exempted.
The rollback reduces the property taxes due by
approximately
10%.
The
Owner-Occupancy reduces the property taxes due by approximately
2.5%, only if it is the person's primary residence.
As of November 2013, any levy that is not a renewal will no
longer be subject to these rollbacks. The state has lifted
these rollbacks for all new and replacement levies.
However, if a person is either totally disabled or elderly (and
meets the income and eligibility requirements), there could also
be an additional tax exemption on the property.