Irondale, Ohio Property Taxes
The median property tax rate in Irondale, OH is 1.19%, which is higher than the national median of 0.99%, yet lower than the Ohio state median of 1.80%. With a median home value of $87,400 in Irondale, the typical annual property tax bill amounts to $965, falling below the national median of $2,690. Property taxes in Irondale are calculated based on the assessed value, which often is less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Irondale’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 Irondale 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
Irondale, 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 Irondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irondale 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 Irondale, Ohio
Property taxes in Irondale, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irondale is 1.19%, higher than the U.S. national median of 0.99%. Local government entities within Irondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irondale 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 Irondale's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43932 zip code has the highest median property tax rate of 1.19%, while the 43932 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Irondale provides valuable insights into the varying tax landscape across Columbiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irondale Tax Rate
1.19%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irondale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43932 | 0.90% | 0.95% | 1.19% | 1.20% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Irondale, Ohio
In Irondale, 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 Columbiana 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 Irondale, 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 Irondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Irondale is $87,400, with the highest median tax bill found in zip code 43932 at $965.
Average Irondale Assessed Value
$87,400
Average Columbiana County Assessed Value
$95,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irondale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43932 | $61,590 | $73,575 | $87,400 | $105,700 | $123,160 |
Source: Ownwell
Property Tax Bills Across Irondale, Ohio
In Irondale, located in Columbiana County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the home's market value. For homeowners in Irondale, the median home price is $87,400. Using the local tax rate, the property tax bill is calculated by multiplying the assessed value by the tax rate. Several factors influence the final tax bill, including property characteristics, neighborhood values, and any applicable exemptions or deductions. Homeowners in Irondale can expect their property tax bills to vary. For example, the 25th percentile tax bill is around $797, while the 75th percentile tax bill reaches $1,136, and the 90th percentile tax bill can be as high as $1,183. These figures indicate that property tax bills in Irondale can significantly impact homeowners, with some paying more depending on their property's assessed value and specific circumstances.
Average Irondale Tax Bill
$965
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Irondale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43932 | $632 | $797 | $965 | $1,136 | $1,183 |
Source: Ownwell