Pierpont, Ohio Property Taxes
The median property tax rate in Pierpont, OH is 1.70%, slightly lower than the Ohio state median of 1.80% but still considerably higher than the national median of 0.99%. With a median home value in Pierpont, the typical annual property tax bill is $686, which is significantly lower than the national median of $2,690. Property taxes in Pierpont are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pierpont'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 Pierpont 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
Pierpont, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Pierpont Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Pierpont. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Pierpont to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan your finances accordingly. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pierpont, Ohio
Property taxes in Pierpont, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierpont is 1.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pierpont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierpont 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 Pierpont's effective property tax rate to other areas in Ashtabula County and the national median. For comparison, the 44082 zip code has the highest median property tax rate of 1.70%, while the same 44082 zip code also has the lowest median tax rate of 1.70%. Understanding how these areas compare with Pierpont 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 Pierpont Tax Rate
1.70%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierpont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44082 | 1.23% | 1.67% | 1.70% | 1.74% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Pierpont, Ohio
In Pierpont, 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 Auditor 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 Pierpont, 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 Pierpont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pierpont is $42,200, with the 25th percentile tax bill at $344 and the 75th percentile at $1,397. The highest and lowest median tax bills are both $686, found in zip code 44082.
Average Pierpont Assessed Value
$42,200
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 Pierpont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44082 | $12,700 | $21,300 | $42,200 | $88,700 | $121,100 |
Source: Ownwell
Property Tax Bills Across Pierpont, Ohio
In Pierpont, located in Ashtabula County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Factors such as the home's location, size, and condition play significant roles in determining this assessed value. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. For homeowners in Pierpont, the median home price is $42,200. Property tax bills can vary widely, with the 25th percentile tax bill at $344 and the 75th percentile reaching $1,397. At the higher end, the 90th percentile tax bill can go up to $2,053. The highest and lowest median tax bills in the area are both $686, specifically in the 44082 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Comparatively, Pierpont's property tax rate is influenced by both local policies and the broader economic environment, making it crucial for homeowners to stay informed about potential changes.
Average Pierpont Tax Bill
$686
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierpont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44082 | $194 | $344 | $686 | $1,397 | $2,053 |
Source: Ownwell