Petersburg, Ohio Property Taxes
The median property tax rate in Petersburg, OH is 1.15%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Petersburg at $153,800, the typical annual property tax bill reaches $1,765, falling short of the national median of $2,690. Property taxes in Petersburg are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Petersburg'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 Petersburg 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
Petersburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,769
Ownwell’s Petersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Petersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Petersburg 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 Petersburg, Ohio
Property taxes in Petersburg, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Petersburg is 1.15%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Petersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Petersburg 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 Petersburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44454 zip code has the highest median property tax rate of 1.15%, while the 44454 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Petersburg 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 Petersburg Tax Rate
1.15%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Petersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44454 | 0.83% | 1.02% | 1.15% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Petersburg, Ohio
In Petersburg, 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 Petersburg, 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. The median home price in Petersburg is $153,800, with tax bills ranging from $1,100 at the 25th percentile to $2,744 at the 90th percentile. The highest median tax bill is $1,765 in zip code 44454, which is also the lowest median tax bill. 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 Petersburg Assessed Value
$153,800
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 Petersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44454 | $32,640 | $107,500 | $153,800 | $216,850 | $239,380 |
Source: Ownwell
Property Tax Bills Across Petersburg, Ohio
In Petersburg, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, if the median home price in the area is $153,800, the assessed value is determined by local assessment practices. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence this calculation, including the property's location within Columbiana County and any applicable exemptions or deductions. Homeowners in Petersburg can expect their tax bills to vary, with the 25th percentile at $1,100 and the 75th percentile reaching $2,387. For those in the higher bracket, the 90th percentile tax bill can be as much as $2,744. These property taxes fund essential local services like schools, public safety, and infrastructure, impacting homeowners directly. While the median tax bill in Petersburg is comparable to the national median property tax rate of 0.99%, the specific amount each homeowner pays can significantly affect their annual budget.
Average Petersburg Tax Bill
$1,765
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Petersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44454 | $328 | $1,100 | $1,765 | $2,387 | $2,744 |
Source: Ownwell