East Palestine, Ohio Property Taxes
The median property tax rate in East Palestine, OH is 1.32%, noticeably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $86,700 in East Palestine, the typical annual property tax bill amounts to $1,074, which is below the national median of $2,690. Property taxes in East Palestine are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding East Palestine'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 East Palestine 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
East Palestine, 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 East Palestine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Palestine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Palestine 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 East Palestine, Ohio
Property taxes in East Palestine, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Palestine is 1.32%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within East Palestine set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Palestine 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 East Palestine's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44413 zip code has the highest median property tax rate of 1.32%, while the 44413 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with East Palestine provides valuable insights into the varying tax landscape across Columbiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Palestine Tax Rate
1.32%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Palestine, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44413 | 0.96% | 1.15% | 1.32% | 1.33% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across East Palestine, Ohio
In East Palestine, 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 Columbiana 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 East Palestine, 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. The median home price in East Palestine is $86,700, with the 25th percentile tax bill at $788 and the 75th percentile tax bill at $1,540. The highest and lowest median tax bills are both $1,074 in the 44413 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 East Palestine Assessed Value
$86,700
Average Columbiana County Assessed Value
$95,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Palestine, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44413 | $40,480 | $64,375 | $86,700 | $130,325 | $184,110 |
Source: Ownwell
Property Tax Bills Across East Palestine, Ohio
In East Palestine, Columbiana County, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. The median home price in East Palestine is $86,700, which provides a baseline for understanding how property values influence tax bills. Several factors are considered when determining the tax bill, including property size, location, and any improvements made to the property. Homeowners in East Palestine can expect to pay a median property tax bill of around $1,074. For those in the 25th percentile, the tax bill is approximately $788, while those in the 75th percentile pay around $1,540. The highest tax bills, in the 90th percentile, reach up to $2,160. Compared to the national median property tax rate of 0.99%, East Palestine's rates can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average East Palestine Tax Bill
$1,074
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across East Palestine, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44413 | $417 | $788 | $1,074 | $1,540 | $2,160 |
Source: Ownwell