Stockport, Ohio Property Taxes
The median property tax rate in Stockport, OH is 1.29%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $85,350 in Stockport, the typical annual property tax bill is $948, falling below the national median of $2,690. Property taxes in Stockport are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stockport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in Stockport or another part of Washington County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stockport, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,101
Ownwell’s Stockport Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Stockport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockport to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county for tax calculations, includes any applicable exemptions.
Property Tax Rates Across Stockport, Ohio
Property taxes in Stockport, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockport is 1.29%, notably higher than the U.S. national median of 0.99%. Local government entities within Stockport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockport 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 Stockport's effective property tax rate to other areas in Washington County and the national median. For comparison, the 43787 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with Stockport provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stockport Tax Rate
1.29%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43787 | 0.95% | 1.19% | 1.29% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Stockport, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stockport, 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 Washington 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Stockport, the highest and lowest median tax bills are both $948 in the 43787 zip code, highlighting the uniformity in property tax assessments within this area.
Average Stockport Assessed Value
$85,350
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stockport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43787 | $2,030 | $29,785 | $85,350 | $136,995 | $185,053 |
Source: Ownwell
Property Tax Bills Across Stockport, Ohio
In Stockport, Washington County, OH, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property. Local tax rates, set by various taxing authorities such as the county, school districts, and other local entities, are then applied to this assessed value to calculate your annual property tax bill. For homeowners in Stockport, the median home price is $85,350. With the national median property tax rate at 0.99%, homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $351, while the 75th percentile reaches $1,694. At the 90th percentile, the tax bill can be as high as $2,193. These variations depend on factors such as property value fluctuations and changes in local tax rates. For those residing in the zip code 43787, the median tax bill is consistently around $948, reflecting the specific local tax environment.
Average Stockport Tax Bill
$948
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43787 | $39 | $351 | $948 | $1,694 | $2,193 |
Source: Ownwell