Negley, Ohio Property Taxes
The median property tax rate in Negley, Ohio is 1.32%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Negley at $113,700, the typical annual property tax bill reaches $1,436, which is below the national median of $2,690. Property taxes in Negley are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Negley'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 Negley or another part of Columbiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Negley, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,501
Ownwell’s Negley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Negley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Negley 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 Negley, Ohio
Property taxes in Negley, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Negley is 1.32%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Negley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Negley 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 Negley's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44441 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Negley 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 Negley 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 Negley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44441 | 1.12% | 1.29% | 1.32% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Negley, Ohio
In Negley, 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 Negley, 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 Negley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Negley is $113,700, with tax bills ranging from $663 at the 25th percentile to $3,571 at the 90th percentile. The highest and lowest median tax bills are both $1,436 in the 44441 zip code.
Average Negley Assessed Value
$113,700
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 Negley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44441 | $16,440 | $55,100 | $113,700 | $192,900 | $269,340 |
Source: Ownwell
Property Tax Bills Across Negley, Ohio
In Negley, located in Columbiana County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government officials who evaluate the property's market value and then apply an assessment ratio. Homeowners in Negley typically see their tax bills influenced by various factors, including property size, location, and any improvements made. The median home price in Negley is $113,700, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $663, while the 75th percentile tax bill reaches approximately $2,498. At the higher end, the 90th percentile tax bill can be as much as $3,571. These figures highlight the range of what homeowners might expect to pay, depending on their property's assessed value and applicable tax rates. Compared to the national median property tax rate of 0.99%, Negley's property tax bills can be relatively moderate or quite substantial, affecting homeowners' annual financial planning and overall cost of living.
Average Negley Tax Bill
$1,436
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Negley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44441 | $195 | $663 | $1,436 | $2,498 | $3,571 |
Source: Ownwell