Columbia Station, Ohio Property Taxes
The median property tax rate in Columbia Station, OH is 1.32%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Columbia Station at $247,975, the typical annual property tax bill reaches $3,119, surpassing the national median of $2,690. Property taxes in Columbia Station are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Columbia Station'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 Columbia Station 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
Columbia Station, 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 Columbia Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbia Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbia Station 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 Columbia Station, Ohio
Property taxes in Columbia Station, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbia Station is 1.32%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Columbia Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbia Station 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 Columbia Station's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44028 zip code 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 Columbia Station provides valuable insights into the varying tax landscape across Medina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Columbia Station Tax Rate
1.32%
Average Medina County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbia Station, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44028 | 1.20% | 1.29% | 1.32% | 1.34% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Columbia Station, Ohio
In Columbia Station, 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 Medina 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 Columbia Station, 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 Columbia Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Columbia Station is $247,975, with the 25th percentile tax bill at $2,766 and the 75th percentile tax bill at $3,596. The highest median tax bill in the area is $3,119, found in the 44028 zip code, which also has the lowest median tax bill at the same amount.
Average Columbia Station Assessed Value
$247,975
Average Medina County Assessed Value
$233,850
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Columbia Station, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44028 | $191,062 | $207,212 | $247,975 | $270,998 | $322,965 |
Source: Ownwell
Property Tax Bills Across Columbia Station, Ohio
In Columbia Station, located in Medina County, OH, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. For instance, the median home price in Columbia Station stands at $247,975. Homeowners in this area can expect a tax bill ranging from $2,766 at the 25th percentile to $4,365 at the 90th percentile. The highest median tax bill recorded in the region is $3,119, which is significantly above the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners budget more effectively and potentially seek exemptions or appeals to lower their tax burden.
Average Columbia Station Tax Bill
$3,119
Average Medina County Tax Bill
$3,537
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbia Station, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44028 | $2,232 | $2,766 | $3,119 | $3,596 | $4,365 |
Source: Ownwell