Louisville, Ohio Property Taxes
The median property tax rate in Louisville, OH is 0.97%, slightly below the national median of 0.99% and significantly lower than the Ohio state median of 1.80%. With a median home value of $149,800 in Louisville, the typical annual property tax bill is approximately $1,499, which is below the national median of $2,690. Property taxes in Louisville are calculated 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 land. Understanding the intricacies of Louisville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Louisville or another part of Stark County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louisville, 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 Louisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Louisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Louisville 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 Stark County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Louisville, Ohio
Property taxes in Louisville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisville is 1.41%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Louisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louisville 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 Louisville's effective property tax rate to other counties in Ohio and the national median. For comparison, the highest median property tax rate in the county is 1.41%, while the lowest median tax rate is also 1.41%. Understanding how these cities compare with Louisville provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Louisville Tax Rate
0.97%
Average Stark County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44641 | 0.60% | 0.83% | 0.97% | 1.98% | 4.32% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Ohio
In Louisville, 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 Stark 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 Louisville, 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 Louisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Louisville are both $1,499, found in zip code 44641.
Average Louisville Assessed Value
$149,800
Average Stark County Assessed Value
$128,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44641 | $82,400 | $112,500 | $149,800 | $189,800 | $245,960 |
Source: Ownwell
Property Tax Bills Across Louisville, Ohio
In Louisville, Stark County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value typically represents a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Louisville, the median home price is $149,800. The property tax rate in this area can lead to a range of tax bills. At the 25th percentile, homeowners might expect to pay around $866 annually, while those at the 75th percentile could see bills as high as $2,597. For the top 10% of properties, tax bills can soar to $5,281. With the national median property tax rate at 0.99%, Louisville's tax landscape can significantly impact homeowners' budgets. Understanding these factors is crucial for effective financial planning and property investment decisions.
Average Louisville Tax Bill
$1,499
Average Stark County Tax Bill
$801
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44641 | $229 | $866 | $1,499 | $2,597 | $5,281 |
Source: Ownwell