Unionville, Ohio Property Taxes
The median property tax rate in Unionville, OH is 1.68%, which is significantly higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With a median home value of $64,400, the typical annual property tax bill in Unionville reaches $925, well below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Unionville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Unionville or investing in the area, gaining insights into the local property tax framework is essential for financial planning and maximizing returns.
Last Updated June 14, 2024
Unionville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,082
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Unionville, Ohio
Property taxes in Unionville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville is 1.68%, significantly higher than the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Unionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44088 zip code has both the highest and lowest median property tax rate of 1.68%. Understanding how these cities compare with Unionville provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Unionville Tax Rate
1.68%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44088 | 1.46% | 1.67% | 1.68% | 1.87% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, Ohio
In Unionville, 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 Ashtabula 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 Unionville, 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. For instance, the median home price in Unionville is $64,400, with tax bills ranging from $503 at the 25th percentile to $2,876 at the 90th percentile. The highest median tax bill in the area is $925, found in zip code 44088. 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 Unionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Unionville Assessed Value
$64,400
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Unionville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44088 | $4,820 | $28,900 | $64,400 | $92,600 | $120,880 |
Source: Ownwell
Property Tax Bills Across Unionville, Ohio
In Unionville, located in Ashtabula County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For instance, the median home price in Unionville is $64,400. Homeowners in the 25th percentile pay around $503 annually, while those in the 75th percentile face a tax bill of approximately $1,732. The 90th percentile sees even higher taxes, with bills reaching up to $2,876. Comparatively, the national median property tax rate stands at 0.99%, making Unionville's rates a significant consideration for prospective homeowners. Higher property tax bills can impact homeowners by reducing disposable income and affecting overall affordability.
Average Unionville Tax Bill
$925
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44088 | $95 | $503 | $925 | $1,732 | $2,876 |
Source: Ownwell