Winona, Ohio Property Taxes
The median property tax rate in Winona, OH is 1.23%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $95,000 in Winona, the typical annual property tax bill amounts to $1,109, surpassing the national median of $2,690. Property taxes in Winona are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Winona'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 Winona 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
Winona, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,169
Ownwell’s Winona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winona 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 Winona, Ohio
Property taxes in Winona, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winona is 1.23%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Winona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winona 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 Winona's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44493 zip code has the highest median property tax rate of 1.23%, while the 44493 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Winona 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 Winona Tax Rate
1.23%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winona, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44493 | 0.91% | 1.14% | 1.23% | 1.24% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Winona, Ohio
In Winona, 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 Winona, 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 Winona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 44493 has the highest and lowest median tax bill of $1109, highlighting the variability in property tax burdens within the area.
Average Winona Assessed Value
$95,000
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 Winona, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44493 | $37,850 | $65,575 | $95,000 | $134,225 | $161,950 |
Source: Ownwell
Property Tax Bills Across Winona, Ohio
In Winona, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting what the property might sell for under normal conditions. Several factors influence this assessment, including the property's location, size, and condition. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the tax bill. Homeowners in Winona can expect varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is around $782, while the 75th percentile reaches $1,551, and the 90th percentile can be as high as $1,969. These figures highlight the range of property tax burdens within the area. Compared to the national median property tax rate of 0.99%, Winona's tax rates can significantly impact homeowners' financial planning. Understanding these factors can help residents anticipate and manage their property tax responsibilities effectively.
Average Winona Tax Bill
$1,109
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Winona, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44493 | $344 | $782 | $1,109 | $1,551 | $1,969 |
Source: Ownwell