Austinburg, Ohio Property Taxes
The median property tax rate in Austinburg, OH is 1.64%, which is significantly higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With a median home value of $115,700 in Austinburg, the typical annual property tax bill amounts to $1,924, falling below the national median of $2,690. Property taxes in Austinburg are based on the tax assessed value, which is generally lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Austinburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Austinburg or another part of Ashtabula County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Austinburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,897
Ownwell’s Austinburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Austinburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Austinburg 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 Austinburg, Ohio
Property taxes in Austinburg, Ohio, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Austinburg is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Austinburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Austinburg 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. Understanding how these figures are determined can help homeowners navigate their property tax obligations more effectively. For comparison, Austinburg has the highest median property tax rate in the area, standing at 1.64%. This uniformity across the region highlights the consistency in tax rates within Ashtabula County. Understanding how Austinburg's property tax rate compares to the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to other areas.
Average Austinburg Tax Rate
1.64%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Austinburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44010 | 1.33% | 1.63% | 1.64% | 1.71% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Austinburg, Ohio
In Austinburg, 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 Austinburg, 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 Austinburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 44010, with a median tax bill of $1,924.
Average Austinburg Assessed Value
$115,700
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 Austinburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44010 | $22,660 | $68,800 | $115,700 | $167,850 | $220,000 |
Source: Ownwell
Property Tax Bills Across Austinburg, Ohio
Property tax bills in Austinburg, located in Ashtabula County, OH, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In Austinburg, homeowners can expect a range of tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is around $1,065, while the 75th percentile tax bill reaches approximately $2,824. At the higher end, the 90th percentile tax bill is about $3,701. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Austinburg's property taxes are relatively moderate, providing essential services while maintaining affordability for residents.
Average Austinburg Tax Bill
$1,924
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Austinburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44010 | $407 | $1,065 | $1,924 | $2,824 | $3,701 |
Source: Ownwell