Barberton, Ohio Property Taxes
The median property tax rate in Barberton, OH is 1.43%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Barberton at $109,535, the typical annual property tax bill reaches $1,487, which exceeds the national median of $2,690. Property taxes in Barberton 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 Barberton'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 Barberton or another part of Summit County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barberton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,566
Ownwell’s Barberton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barberton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barberton 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 Barberton, Ohio
Property taxes in Barberton, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Barberton is 1.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Barberton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barberton 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 Barberton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44203 zip code has both the highest and lowest median property tax rate of 1.43%. Understanding how these cities compare with Barberton provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barberton Tax Rate
1.43%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barberton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44203 | 1.04% | 1.28% | 1.43% | 1.53% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Barberton, Ohio
In Barberton, 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 Summit 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 Barberton, 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. For example, the highest median tax bill in Barberton is $1487 in zip code 44203, while the lowest median tax bill is also $1487 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barberton Assessed Value
$109,535
Average Summit County Assessed Value
$168,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barberton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44203 | $68,486 | $90,300 | $109,535 | $139,735 | $198,420 |
Source: Ownwell
Property Tax Bills Across Barberton, Ohio
In Barberton, Summit 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 a percentage of the market value of the property. Once the assessed value is established, local tax rates, also known as millage rates, are applied to calculate the annual tax bill. For instance, the median home price in Barberton is $109,535. Homeowners in Barberton can expect their property tax bills to vary widely. The 25th percentile tax bill is around $1,179, while the 75th percentile tax bill reaches up to $1,989. The top 10% of tax bills can be as high as $2,909. These figures highlight the range of tax liabilities homeowners might face, depending on their property's assessed value and specific local tax rates. Compared to the national median property tax rate of 0.99%, Barberton's tax rates reflect the local economic conditions and funding needs, directly impacting homeowners' annual expenses.
Average Barberton Tax Bill
$1,487
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Barberton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44203 | $864 | $1,179 | $1,487 | $1,989 | $2,909 |
Source: Ownwell