Steubenville, Ohio Property Taxes
The median property tax rate in Steubenville, OH is 1.63%, which is considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Steubenville at $57,170, the typical annual property tax bill reaches $933, falling below the national median of $2,690. Property taxes in Steubenville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Steubenville'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 Steubenville 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
Steubenville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$932
Ownwell’s Steubenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steubenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steubenville 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 Steubenville, Ohio
Property taxes in Steubenville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Steubenville is 1.63%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Steubenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steubenville 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 Steubenville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43953 zip code has the highest median property tax rate of 1.63%, while the same 43953 zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Steubenville provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Steubenville Tax Rate
1.63%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steubenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43953 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Steubenville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Steubenville, Ohio. 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 Knox 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 Steubenville, 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 in Steubenville is $57,170, with median tax bills ranging from $933 at the 25th, 75th, and 90th percentiles. The highest and lowest median tax bills are both $933, found in the zip code 43953. 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 their tax burden.
Average Steubenville Assessed Value
$57,170
Average Knox County Assessed Value
$133,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Steubenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43953 | $57,170 | $57,170 | $57,170 | $57,170 | $57,170 |
Source: Ownwell
Property Tax Bills Across Steubenville, Ohio
In Steubenville, located in Jefferson County, OH, property tax bills are calculated based on the assessed value of a property rather than its market value. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Steubenville face a median property tax rate of 0.99%, which aligns with the national median. For a home with a median price of $57,170, this results in a typical annual tax bill of approximately $933. Several factors influence the tax bill, including property location, size, and improvements. Local levies and voter-approved measures also play a significant role in determining the final amount. For homeowners, understanding these factors is crucial as they directly impact their annual financial obligations. Property taxes fund essential public services such as schools, infrastructure, and emergency services, making it vital for homeowners to stay informed about their tax liabilities and any potential opportunities for appeals or exemptions.
Average Steubenville Tax Bill
$933
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Steubenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43953 | $933 | $933 | $933 | $933 | $933 |
Source: Ownwell