Exton, Ohio Property Taxes
The median property tax rate in Exton, Ohio is 1.97%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Exton, the typical annual property tax bill reaches $1,571, exceeding the national median of $2,690. Property taxes in Exton 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 Exton'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 Exton 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
Exton, 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 Exton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Exton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Exton 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 Exton, Ohio
Property taxes in Exton, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Exton is 1.97%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Exton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Exton 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 Exton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 19341 zip code has the highest median property tax rate of 1.97%, while the 19341 zip code also has the lowest median tax rate of 1.97%. Understanding how these cities compare with Exton provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Exton Tax Rate
1.97%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Exton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19341 | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Exton, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Exton, 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 Ashtabula 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 Exton, 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 Exton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19341 has both the highest and lowest median tax bills at $1,571.
Average Exton Assessed Value
$79,800
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Exton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19341 | $79,800 | $79,800 | $79,800 | $79,800 | $79,800 |
Source: Ownwell
Property Tax Bills Across Exton, Ohio
In Exton, Ashtabula County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by county assessors. Factors such as the property's location, size, and condition are considered in this evaluation. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Exton, the median home price is $79,800, and the median property tax bill is $1,571. This puts Exton's property tax rate significantly higher than the national median of 0.99%. The consistent tax bill across different percentiles suggests a uniform application of tax rates, making it easier for homeowners to predict their annual expenses. High property taxes can impact homeowners by increasing the cost of owning a home, but they also fund essential local services like schools, roads, and emergency services, contributing to the community's overall quality of life.
Average Exton Tax Bill
$1,571
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Exton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19341 | $1,571 | $1,571 | $1,571 | $1,571 | $1,571 |
Source: Ownwell