Warren, Ohio Property Taxes
The median property tax rate in Warren, OH is 2.20%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Warren at $66,700, the typical annual property tax bill reaches $1,406, which is below the national median of $2,690. Property taxes in Warren are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Warren'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 Warren 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
Warren, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$1,467
Ownwell’s Warren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren 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 Warren, Ohio
Property taxes in Warren, Ohio, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 2.20%, significantly higher than the U.S. national median of 0.99%. Local government entities in Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other areas in Trumbull County and the national median. For comparison, the 44485 zip code has the highest median property tax rate of 2.27%, while the 44484 zip code has the lowest median tax rate of 2.20%. Understanding how these areas compare with Warren 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 Warren Tax Rate
2.20%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44481 | N/A | N/A | N/A | N/A | N/A |
| 44483 | 1.41% | 1.82% | 2.21% | 2.27% | 2.27% |
| 44484 | 1.59% | 1.98% | 2.20% | 2.25% | 2.27% |
| 44485 | 1.08% | 2.21% | 2.27% | 2.27% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warren, Ohio. 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 Warren, 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 instance, the highest median tax bill in Warren is $2,142 in the 44484 zip code, while the lowest median tax bill is $640 in the 44485 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 Warren Assessed Value
$66,700
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 Warren, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44481 | N/A | N/A | N/A | N/A | N/A |
| 44483 | $19,300 | $31,800 | $64,100 | $96,800 | $135,800 |
| 44484 | $21,800 | $50,300 | $100,800 | $148,600 | $229,820 |
| 44485 | $9,500 | $15,600 | $32,450 | $46,500 | $63,790 |
Source: Ownwell
Property Tax Bills Across Warren, Ohio
In Warren, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For homeowners in Warren, the median home price is $66,700. Tax bills can vary significantly, with the 25th percentile tax bill being $701, while the 75th percentile reaches $2,372, and the 90th percentile climbs to $3,517. The highest median tax bill in the area, found in zip code 44484, is $2,142, whereas the lowest median tax bill, in zip code 44485, is $640. These property tax bills directly impact homeowners by affecting their annual expenses. Higher tax bills can lead to increased financial burdens, while lower tax bills can provide some relief. Understanding these factors helps homeowners plan and manage their finances more effectively.
Average Warren 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 Warren, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44481 | N/A | N/A | N/A | N/A | N/A |
| 44483 | $391 | $674 | $1,289 | $1,953 | $2,709 |
| 44484 | $544 | $1,152 | $2,142 | $3,251 | $5,027 |
| 44485 | $201 | $334 | $640 | $971 | $1,350 |
Source: Ownwell