Orangeville, Ohio Property Taxes
The median property tax rate in Orangeville, OH is 1.89%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Orangeville at $85,100, the typical annual property tax bill reaches $1,630, which is still below the national median of $2,690. Property taxes in Orangeville 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 Orangeville'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 Orangeville 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
Orangeville, 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 Orangeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orangeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orangeville 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 Orangeville, Ohio
Property taxes in Orangeville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orangeville is 1.89%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Orangeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orangeville 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 Orangeville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44453 zip code has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Orangeville provides valuable insights into the varying tax landscape across Trumbull County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orangeville Tax Rate
1.89%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orangeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44453 | 1.44% | 1.63% | 1.89% | 1.92% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Orangeville, Ohio
In Orangeville, 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 Trumbull County Auditor 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 Orangeville, 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. The highest median tax bill in Orangeville is $1,630 in the zip code 44453, while the lowest median tax bill is also $1,630 in the same zip code. Being aware of these valuation processes in Orangeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orangeville Assessed Value
$85,100
Average Trumbull County Assessed Value
$82,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orangeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44453 | $62,380 | $66,100 | $85,100 | $125,100 | $130,300 |
Source: Ownwell
Property Tax Bills Across Orangeville, Ohio
Property tax bills in Orangeville, located in Trumbull County, OH, are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Orangeville, the median home price stands at $85,100. The 25th percentile tax bill is approximately $1,241, while the 75th percentile tax bill reaches $1,908. At the higher end, the 90th percentile tax bill can go up to $2,302. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark against which Orangeville’s rates can be evaluated. For homeowners, understanding these factors is crucial as they directly impact annual expenses and long-term financial planning. Accurate assessments ensure fair taxation, while any discrepancies can lead to appeals for adjustments, potentially lowering the tax burden.
Average Orangeville Tax Bill
$1,630
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Orangeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44453 | $995 | $1,241 | $1,630 | $1,908 | $2,302 |
Source: Ownwell