Birmingham, Ohio Property Taxes
The median property tax rate in Birmingham, OH is 1.52%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $50,530 in Birmingham, the typical annual property tax bill reaches $768, which is significantly below the national median of $2,690. Property taxes in Birmingham 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 Birmingham'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 Birmingham 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
Birmingham, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$768
Ownwell’s Birmingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birmingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birmingham 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 Birmingham, Ohio
Property taxes in Birmingham, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birmingham is 1.52%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Birmingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birmingham 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 Birmingham's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44816 zip code has the highest median property tax rate of 1.52%, while the 44816 zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Birmingham provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birmingham Tax Rate
1.52%
Average Erie County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birmingham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44816 | 1.23% | 1.34% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Birmingham, Ohio
In Birmingham, 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 Erie 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 Birmingham, 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 Birmingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $768.00 in zip code 44816, while the lowest is also $768.00 in the same zip code.
Average Birmingham Assessed Value
$50,530
Average Erie County Assessed Value
$126,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birmingham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44816 | $44,330 | $46,655 | $50,530 | $84,645 | $105,114 |
Source: Ownwell
Property Tax Bills Across Birmingham, Ohio
In Birmingham, located in Erie County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For homeowners, this means that the tax bill can vary significantly depending on the assessed value of their property. Several factors influence the assessed value, including the home's location, size, age, and condition. The tax bill is then calculated by multiplying the assessed value by the local tax rate. For instance, with a median home price of $50,530 in Birmingham, homeowners at the 25th percentile can expect a tax bill around $709, while those at the 75th percentile may see a bill closer to $1,073. These property taxes fund essential public services such as schools, roads, and emergency services. For homeowners, understanding how their tax bill is determined can help them anticipate their annual expenses and plan accordingly.
Average Birmingham Tax Bill
$768
Average Erie County Tax Bill
$2,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Birmingham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44816 | $674 | $709 | $768 | $1,073 | $1,255 |
Source: Ownwell