Struthers, Ohio Property Taxes
The median property tax rate in Struthers, OH is 1.89%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Struthers at $57,450, the typical annual property tax bill reaches $979, falling below the national median of $2,690. Property taxes in Struthers 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 Struthers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Struthers 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
Struthers, 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 Struthers Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Struthers. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Struthers to provide an accurate estimate of your property tax bill. This easy-to-use tool helps you understand potential tax liabilities, enabling you to make informed financial decisions. For those interested in more granular insights, localized information is available for a deeper dive into neighborhood trends. Your property’s assessed value, determined by Mahoning County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Struthers, Ohio
Property taxes in Struthers, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Struthers is 1.89%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Struthers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Struthers 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 Struthers' effective property tax rate to other counties in Ohio and the national median. For comparison, the 44471 zip code has both the highest and lowest median property tax rate of 1.89%. Understanding how these cities compare with Struthers 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 Struthers Tax Rate
1.89%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Struthers, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44471 | 1.17% | 1.89% | 1.89% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Struthers, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Struthers, Ohio. 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. Assessment notices in Struthers 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 Struthers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both $979.00, found in the 44471 zip code, offering a unique consistency in the area.
Average Struthers Assessed Value
$57,450
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 Struthers, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44471 | $23,468 | $36,780 | $57,450 | $75,880 | $106,063 |
Source: Ownwell
Property Tax Bills Across Struthers, Ohio
In Struthers, located in Mahoning County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of the market value. The county's property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For homeowners in Struthers, the median home price is $57,450, leading to varying tax bills. The typical tax bill ranges from $629 at the 25th percentile to $1,364 at the 75th percentile, with the 90th percentile reaching $1,925. Compared to the national median property tax rate of 0.99%, the tax rates in Struthers reflect the local economic conditions and property values. These property taxes fund essential community services, such as schools, public safety, and infrastructure, directly impacting homeowners' quality of life and property values.
Average Struthers Tax Bill
$979
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Struthers, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44471 | $349 | $629 | $979 | $1,364 | $1,925 |
Source: Ownwell