Austintown, Ohio Property Taxes
The median property tax rate in Austintown, OH is 1.98%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Austintown at $83,220, the typical annual property tax bill reaches $1,638, which is below the national median of $2,690. Property taxes in Austintown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Austintown'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 Austintown 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
Austintown, 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 Austintown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Austintown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Austintown 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 Austintown, Ohio
Property taxes in Austintown, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Austintown is 1.98%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Austintown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Austintown 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 Austintown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44515 zip code has the highest median property tax rate of 1.98%, while the 44515 zip code also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Austintown provides valuable insights into the varying tax landscape across Mahoning County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Austintown Tax Rate
1.98%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Austintown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44515 | 1.54% | 1.97% | 1.98% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Austintown, Ohio
In Austintown, 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 local 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 Austintown, 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 Austintown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both amount to $1,638, with the zip code 44515 representing these values.
Average Austintown Assessed Value
$83,220
Average Mahoning County Assessed Value
$80,890
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Austintown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44515 | $29,520 | $49,520 | $83,220 | $103,100 | $123,810 |
Source: Ownwell
Property Tax Bills Across Austintown, Ohio
In Austintown, Mahoning County, OH, 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 annual tax bill. Factors that influence the assessed value include the home's market value, location, and any improvements or renovations made to the property. For homeowners in Austintown, the median home price stands at $83,220. Property tax bills can vary significantly, with the 25th percentile at $966 and the 75th percentile reaching $2,027. At the 90th percentile, homeowners may see tax bills as high as $2,447. The highest median tax bill in the area is $1,638, found in the 44515 zip code. These property taxes can impact homeowners by influencing their monthly mortgage payments and overall housing affordability. When compared to the national median property tax rate of 0.99%, Austintown's rates reflect the local economic conditions and funding requirements for public services.
Average Austintown Tax Bill
$1,638
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Austintown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44515 | $478 | $966 | $1,638 | $2,027 | $2,447 |
Source: Ownwell