Sebring, Ohio Property Taxes
The median property tax rate in Sebring, OH is 1.44%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Sebring at $55,715, the typical annual property tax bill amounts to $740, which is significantly less than the national median of $2,690. Property taxes in Sebring are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Sebring's property tax system, exploring available exemptions, and identifying potential reductions can lead to considerable annual savings. Whether you're in the heart of Sebring or another part of Mahoning County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sebring, 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 Sebring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sebring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sebring 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 Sebring, Ohio
Property taxes in Sebring, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sebring is 1.44%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sebring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sebring 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 Sebring's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44672 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Sebring 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 Sebring Tax Rate
1.44%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebring, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44672 | 0.90% | 1.43% | 1.44% | 1.47% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Sebring, Ohio
In Sebring, 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 Mahoning 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 Sebring, 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 Sebring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sebring is $55,715, with tax bills ranging from $483 at the 25th percentile to $1,451 at the 90th percentile. The highest and lowest median tax bills are both $740 in zip code 44672.
Average Sebring Assessed Value
$55,715
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 Sebring, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44672 | $20,035 | $38,142 | $55,715 | $75,928 | $105,951 |
Source: Ownwell
Property Tax Bills Across Sebring, Ohio
In Sebring, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the Mahoning County Assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or abatements. For homeowners in Sebring, the median home price is $55,715. The property tax rate in this region can lead to varying tax bills, with the 25th percentile at $483, the 75th percentile at $1048, and the 90th percentile reaching up to $1451. These figures illustrate the range of tax burdens homeowners might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Sebring's tax rates can significantly impact homeowners' annual financial planning and overall cost of homeownership.
Average Sebring Tax Bill
$740
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebring, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44672 | $237 | $483 | $740 | $1,048 | $1,451 |
Source: Ownwell