Fowler, Ohio Property Taxes
The median property tax rate in Fowler, OH is 1.67%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With a median home value of $136,900 in Fowler, the typical annual property tax bill amounts to $2,211, falling below the national median of $2,690. Property taxes in Fowler are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the intricacies of Fowler's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Fowler or another part of Trumbull County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowler, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$2,286
Ownwell’s Fowler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowler 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 Fowler, Ohio
Property taxes in Fowler, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 1.67%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Fowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowler 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 Fowler's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44418 zip code has the highest median property tax rate of 1.67%, while the 44418 zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across Trumbull County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
1.67%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44418 | 1.27% | 1.54% | 1.67% | 1.78% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Ohio
In Fowler, 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 Trumbull 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 Fowler, 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 Fowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code with the highest median tax bill in Trumbull County is 44418, with a median tax bill of $2,211. Understanding these details can aid in making informed decisions about property taxes.
Average Fowler Assessed Value
$136,900
Average Trumbull County Assessed Value
$82,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44418 | $71,240 | $97,300 | $136,900 | $198,300 | $255,980 |
Source: Ownwell
Property Tax Bills Across Fowler, Ohio
In Fowler, located in Trumbull County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $136,900, property taxes can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,548, while those in the 75th percentile may see bills as high as $3,214. For the top 10% of homeowners, tax bills can reach up to $4,304. The highest and lowest median tax bills in the area are both recorded at $2,211 in the 44418 zip code. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life in the community. Understanding these factors is crucial for homeowners to anticipate their financial obligations accurately.
Average Fowler Tax Bill
$2,211
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44418 | $1,084 | $1,548 | $2,211 | $3,214 | $4,304 |
Source: Ownwell