Roaming Shores, Ohio Property Taxes
The median property tax rate in Roaming Shores, OH is 1.76%, which is higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With the median home value in Roaming Shores at $177,900, the typical annual property tax bill amounts to $3,182, surpassing the national median of $2,690. Property taxes in Roaming Shores are based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Roaming Shores' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Roaming Shores or another part of Ashtabula County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roaming Shores, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$3,131
Ownwell’s ROAMING SHORES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROAMING SHORES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROAMING SHORES 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 Roaming Shores, Ohio
Property taxes in Roaming Shores, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roaming Shores is 1.76%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Roaming Shores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roaming Shores 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 Roaming Shores' effective property tax rate to other counties in Ohio and the national median. For comparison, the 44084 zip code has the highest median property tax rate of 1.76%, while the 44085 zip code has the lowest median tax rate of 1.76%. Understanding how these cities compare with Roaming Shores 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 Roaming Shores Tax Rate
1.76%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roaming Shores, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44084 | 1.63% | 1.73% | 1.76% | 1.78% | 1.82% |
| 44085 | 1.61% | 1.73% | 1.76% | 1.76% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Roaming Shores, Ohio
In Roaming Shores, 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 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 Roaming Shores, 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. For instance, the median home price is $177,900, with tax bills ranging from $2,155 at the 25th percentile to $6,213 at the 90th percentile. The highest median tax bill is $3,196 in zip code 44084, while the lowest is $3,168 in zip code 44085. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roaming Shores Assessed Value
$177,900
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 Roaming Shores, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44084 | $90,380 | $123,450 | $181,950 | $276,325 | $347,290 |
| 44085 | $93,900 | $122,700 | $168,300 | $274,100 | $352,400 |
Source: Ownwell
Property Tax Bills Across Roaming Shores, Ohio
In Roaming Shores, located in 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 typically a percentage of the market value, which is determined by the county assessor. Homeowners in Roaming Shores can expect a range of property tax bills depending on their home's value. For instance, the tax bill at the 25th percentile is approximately $2,155, while at the 75th percentile, it can reach around $4,877. At the 90th percentile, homeowners may see tax bills as high as $6,213. The highest median tax bill in the area is $3,196 in the 44084 zip code, while the lowest median is $3,168 in the 44085 zip code. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the specific economic conditions and valuation methods in Roaming Shores. This impacts homeowners by influencing their annual housing costs and overall financial planning.
Average Roaming Shores Tax Bill
$3,182
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Roaming Shores, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44084 | $1,573 | $2,154 | $3,196 | $4,858 | $6,218 |
| 44085 | $1,628 | $2,158 | $3,168 | $4,886 | $6,174 |
Source: Ownwell