Leavittsburg, Ohio Property Taxes
The median property tax rate in Leavittsburg, OH is 1.81%, slightly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Leavittsburg, the typical annual property tax bill reaches $983, which is significantly lower than the national median of $2,690. Property taxes in Leavittsburg are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Leavittsburg'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 Leavittsburg 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
Leavittsburg, 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 Leavittsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leavittsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leavittsburg 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 Leavittsburg, Ohio
Property taxes in Leavittsburg, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Leavittsburg is 1.81%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Leavittsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leavittsburg 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 Leavittsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44430 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Leavittsburg 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 Leavittsburg Tax Rate
1.81%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leavittsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44430 | 1.04% | 1.43% | 1.81% | 1.86% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Leavittsburg, Ohio
In Leavittsburg, 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 Leavittsburg, 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 Leavittsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $983, specifically in the 44430 zip code.
Average Leavittsburg Assessed Value
$59,000
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 Leavittsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44430 | $21,500 | $39,000 | $59,000 | $94,200 | $133,200 |
Source: Ownwell
Property Tax Bills Across Leavittsburg, Ohio
In Leavittsburg, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Trumbull County, the assessed value is multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and any applicable exemptions play a role in the final amount. Homeowners in Leavittsburg can expect tax bills to vary significantly, with the 25th percentile at $593 and the 75th percentile at $1,530. The highest median tax bill in the area is $983, which is below the national median property tax rate of 0.99%. This means that while some homeowners in Leavittsburg may find their tax bills manageable, others, particularly those with higher-valued properties, may face more substantial financial commitments. Understanding these factors can help homeowners better anticipate their property tax obligations and plan accordingly.
Average Leavittsburg Tax Bill
$983
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Leavittsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44430 | $282 | $593 | $983 | $1,530 | $2,108 |
Source: Ownwell