Mesopotamia, Ohio Property Taxes
The median property tax rate in Mesopotamia, OH is 1.45%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Mesopotamia at $98,100, the typical annual property tax bill reaches $1,406, which is below the national median of $2,690. Property taxes in Mesopotamia 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 Mesopotamia'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 Mesopotamia or another part of Trumbull County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mesopotamia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,422
Ownwell’s Mesopotamia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mesopotamia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mesopotamia 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 Mesopotamia, Ohio
Property taxes in Mesopotamia, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesopotamia is 1.45%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Mesopotamia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mesopotamia 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 Mesopotamia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44439 zip code has the highest median property tax rate of 1.45%, while the 44439 zip code has the lowest median tax rate of 1.45%. Understanding how these cities compare with Mesopotamia 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 Mesopotamia Tax Rate
1.45%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mesopotamia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44439 | 1.41% | 1.43% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Mesopotamia, Ohio
In Mesopotamia, 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 Mesopotamia, 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 Mesopotamia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44439, with a median tax bill of $1,406.
Average Mesopotamia Assessed Value
$98,100
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 Mesopotamia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44439 | $31,000 | $67,350 | $98,100 | $115,950 | $125,900 |
Source: Ownwell
Property Tax Bills Across Mesopotamia, Ohio
In Mesopotamia, located in Trumbull County, OH, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. Various factors such as the property's size, location, and condition are taken into account during the assessment process. Homeowners in Mesopotamia can expect property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $978, while at the 75th percentile, it rises to $1,684. The 90th percentile tax bill reaches $1,829, indicating that higher-valued properties incur higher taxes. The median home price in Mesopotamia is $98,100, and the tax rate aligns closely with the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners must budget for these taxes, as they can significantly impact overall housing affordability.
Average Mesopotamia Tax Bill
$1,406
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mesopotamia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44439 | $450 | $978 | $1,406 | $1,684 | $1,829 |
Source: Ownwell