Hudson, Ohio Property Taxes
The median property tax rate in Hudson, Ohio is 1.78%, which is considerably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With the median home value in Hudson at $128,800, the typical annual property tax bill reaches $2,130, falling short of the national median of $2,690. Property taxes in Hudson are calculated based on the tax assessed value, typically lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Hudson'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 Hudson 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
Hudson, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$2,293
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Ohio
Property taxes in Hudson, Ohio, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44236 zip code has the highest median property tax rate of 1.78%, while the 44236 zip code has the lowest median tax rate of 1.78%. Understanding how these cities compare with Hudson provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudson Tax Rate
1.78%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44236 | 1.68% | 1.77% | 1.78% | 1.85% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hudson, 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 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. 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. In Hudson, the median home price is $128,800. The median tax bill in the highest zip code, 44236, is $2,130. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hudson Assessed Value
$128,800
Average Portage County Assessed Value
$162,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44236 | $48,800 | $91,200 | $128,800 | $173,350 | $279,190 |
Source: Ownwell
Property Tax Bills Across Hudson, Ohio
In Hudson, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. Property tax rates are then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's location, size, and any applicable exemptions or deductions. For instance, the median home price in Hudson is $128,800. Homeowners at the 25th percentile pay around $1,561 in property taxes, while those at the 75th percentile pay approximately $3,109. At the 90th percentile, the tax bill can be as high as $5,375. Comparatively, Hudson's median property tax bill of $2,130 aligns with the national median property tax rate of 0.99%. This means that Hudson homeowners generally face property tax bills that are consistent with national averages, though individual circumstances can significantly affect the amount owed. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Hudson Tax Bill
$2,130
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44236 | $954 | $1,561 | $2,130 | $3,109 | $5,375 |
Source: Ownwell