Warren, Ohio Property Taxes
The median property tax rate in Warren, OH is 1.77%, slightly lower than the Ohio state median of 1.80% but still considerably higher than the national median of 0.99%. With a median home value of $179,620 in Warren, the typical annual property tax bill reaches $3,086, surpassing the national median of $2,690. Property taxes in Warren 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 Warren'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 Warren 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
Warren, 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 Warren Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Warren. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Warren to provide an accurate estimate of your property tax bill. This intuitive tool offers a clear understanding of your potential tax liabilities. For those interested in more granular data, you can explore neighborhood-level trends further down the page. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Warren, Ohio
Property taxes in Warren, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 1.77%, significantly higher than the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44481 zip code has both the highest and lowest median property tax rate of 1.77%. Understanding how these cities compare with Warren provides valuable insights into the varying tax landscape across Mahoning County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warren Tax Rate
1.77%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44481 | 1.51% | 1.77% | 1.77% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warren, 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 Mahoning 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 Warren, 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,086 in the 44481 zip code, while the lowest is also $3,086 in the same zip code.
Average Warren Assessed Value
$179,620
Average Mahoning County Assessed Value
$80,890
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warren, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44481 | $60,504 | $94,895 | $179,620 | $203,355 | $235,588 |
Source: Ownwell
Property Tax Bills Across Warren, Ohio
In Warren, property tax bills are calculated based on the assessed value of a property, which is determined by the Mahoning County Auditor. The assessed value is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. This rate can vary depending on the specific taxing districts within Warren and any additional levies that may be in place. Several factors influence the assessed value, including the property's location, size, age, and condition. Homeowners in Warren should be aware that their property tax bills can significantly impact their annual expenses. For instance, the median home price in Warren is $179,620, and property tax bills can range widely. At the 25th percentile, tax bills are around $1,691, while at the 75th percentile, they reach approximately $3,564. The highest median tax bill recorded in the area is $3,086 in the 44481 zip code. This variability underscores the importance of understanding property tax assessments and their effect on household budgets.
Average Warren Tax Bill
$3,086
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44481 | $959 | $1,691 | $3,086 | $3,564 | $4,164 |
Source: Ownwell