Columbiana, Ohio Property Taxes
The median property tax rate in Columbiana, OH is 1.19%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Columbiana at $137,300, the typical annual property tax bill reaches $1,546, which is below the national median of $2,690. Property taxes in Columbiana are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Columbiana'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 Columbiana 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
Columbiana, 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 Columbiana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbiana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbiana 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 Columbiana, Ohio
Property taxes in Columbiana, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbiana is 1.19%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Columbiana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbiana 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 Columbiana's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44408 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Columbiana provides valuable insights into the varying tax landscape across Columbiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Columbiana Tax Rate
1.19%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbiana, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44408 | 0.95% | 1.11% | 1.19% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Columbiana, Ohio
In Columbiana, 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 Columbiana 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 Columbiana, 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 Columbiana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Columbiana are both $1,546, found in the 44408 zip code.
Average Columbiana Assessed Value
$137,300
Average Columbiana County Assessed Value
$95,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Columbiana, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44408 | $72,200 | $101,500 | $137,300 | $196,050 | $280,740 |
Source: Ownwell
Property Tax Bills Across Columbiana, Ohio
Property tax bills in Columbiana, OH, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, if the median home price in Columbiana is $137,300, the assessed value would be a fraction of this amount, depending on local assessment rates. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location within Columbiana County, local levies, and any applicable exemptions. Homeowners in the area can expect tax bills ranging from $1,115 at the 25th percentile to $3,078 at the 90th percentile, with the median tax bill being $1,546. This is notably higher than the national median property tax rate of 0.99%. Understanding these elements helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Columbiana Tax Bill
$1,546
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbiana, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44408 | $741 | $1,115 | $1,546 | $2,210 | $3,078 |
Source: Ownwell