Ashtabula, Ohio Property Taxes
The median property tax rate in Ashtabula, OH is 1.96%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Ashtabula at $68,300, the typical annual property tax bill reaches $1,342, which is below the national median of $2,690. Property taxes in Ashtabula are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ashtabula's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ashtabula or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashtabula, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$1,339
Ownwell’s Ashtabula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashtabula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashtabula to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ashtabula, Ohio
Property taxes in Ashtabula, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashtabula is 1.96%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ashtabula set these rates annually, and they can vary across different neighborhoods. Each year, Ashtabula estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ashtabula's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44004 zip code has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these areas compare with Ashtabula provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashtabula Tax Rate
1.96%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashtabula, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44004 | 1.33% | 1.82% | 1.96% | 2.08% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Ashtabula, Ohio
In Ashtabula, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Ashtabula County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ashtabula, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Ashtabula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in zip code 44004 is $1,342, showcasing a balanced tax environment within the region.
Average Ashtabula Assessed Value
$68,300
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashtabula, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44004 | $19,800 | $41,600 | $68,300 | $104,600 | $148,280 |
Source: Ownwell
Property Tax Bills Across Ashtabula, Ohio
In Ashtabula, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the final tax bill. For context, the national median property tax rate is 0.99%. Homeowners in Ashtabula see tax bills that vary significantly, with the 25th percentile at $822 and the 75th percentile reaching $2,052. The highest median tax bill in the area is $1,342, located in zip code 44004. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. These factors collectively impact the amount homeowners owe in property taxes. For many, this financial obligation can be a significant aspect of homeownership, affecting their overall cost of living. Understanding how these taxes are calculated helps homeowners better anticipate and manage their annual expenses.
Average Ashtabula Tax Bill
$1,342
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashtabula, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44004 | $388 | $822 | $1,342 | $2,052 | $2,990 |
Source: Ownwell