East Rochester, Ohio Property Taxes
The median property tax rate in East Rochester, OH is 1.47%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in East Rochester, the typical annual property tax bill reaches $1,396, which is below the national median of $2,690. Property taxes in East Rochester are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding East Rochester'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 East Rochester or another part of Columbiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Rochester, 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 East Rochester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Rochester 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 East Rochester, Ohio
Property taxes in East Rochester, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Rochester is 1.47%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within East Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Rochester 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 East Rochester's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44625 zip code has the highest median property tax rate of 1.47%, while the 44625 zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with East Rochester 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 East Rochester Tax Rate
1.47%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Rochester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44625 | 1.06% | 1.11% | 1.47% | 1.51% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across East Rochester, Ohio
In East Rochester, 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 East Rochester, 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. The median home price in East Rochester is $112,650, with tax bills ranging from $798 at the 25th percentile to $2,792 at the 90th percentile. The zip code 44625 has the highest and lowest median tax bill at $1,396. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Rochester Assessed Value
$112,650
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 East Rochester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44625 | $29,980 | $65,575 | $112,650 | $166,300 | $212,850 |
Source: Ownwell
Property Tax Bills Across East Rochester, Ohio
In East Rochester, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in East Rochester, the median home price is $112,650. The tax bill can vary significantly depending on individual property assessments and other factors such as exemptions or local levies. For instance, the 25th percentile tax bill is $798, while the 75th percentile tax bill is $2,168, and the 90th percentile tax bill reaches up to $2,792. These figures illustrate the range of property taxes homeowners might expect to pay, influenced by the assessed value of their property and any applicable tax rates or exemptions. Compared to the national median property tax rate of 0.99%, East Rochester's property tax bills reflect both the local property values and specific tax policies, impacting homeowners' annual financial obligations.
Average East Rochester Tax Bill
$1,396
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across East Rochester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44625 | $379 | $798 | $1,396 | $2,168 | $2,792 |
Source: Ownwell