Windham, Ohio Property Taxes
The median property tax rate in Windham, OH is 1.58%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Windham at $105,900, the typical annual property tax bill amounts to $1,555, falling below the national median of $2,690. Property taxes in Windham are calculated based on the assessed value, which often is lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Windham's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in Windham or another part of Portage County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Windham, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,673
Ownwell’s Windham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Windham with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Windham to provide an estimated property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, additional neighborhood-level trends are available further down the page. Your property’s assessed value is the figure determined by Portage County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Windham, Ohio
Property taxes in Windham, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Windham stands at 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Windham set these rates annually, and they can vary across different neighborhoods. Each year, Windham 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. Understanding how Windham's effective property tax rate compares to other areas in Portage County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windham Tax Rate
1.58%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44288 | 1.16% | 1.34% | 1.58% | 1.60% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Windham, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Windham, Ohio. The market value represents 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 Portage 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 Windham, 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 Windham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Windham is $1,555 in the 44288 zip code, which is consistent across the region.
Average Windham Assessed Value
$105,900
Average Portage County Assessed Value
$162,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Windham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44288 | $54,100 | $80,250 | $105,900 | $141,900 | $184,550 |
Source: Ownwell
Property Tax Bills Across Windham, Ohio
Property tax bills in Windham, located in Portage County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For homeowners in Windham, the median home price is $105,900, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Windham, the 25th percentile of tax bills is $1,180, while the 75th percentile reaches $2,036, and the 90th percentile goes up to $2,689. Compared to the national median property tax rate of 0.99%, Windham's property tax bills can be relatively high, impacting homeowners' annual expenses. High property taxes can affect homeowners by increasing their monthly mortgage payments and overall cost of living. However, these taxes also contribute to local services and infrastructure, potentially enhancing property values over time.
Average Windham Tax Bill
$1,555
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Windham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44288 | $733 | $1,180 | $1,555 | $2,036 | $2,689 |
Source: Ownwell