North Georgetown, Ohio Property Taxes
The median property tax rate in North Georgetown, OH is 1.14%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in North Georgetown at $76,600, the typical annual property tax bill reaches $903, which is below the national median of $2,690. Property taxes in North Georgetown are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding North Georgetown'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 North Georgetown 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
North Georgetown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$873
$810
Ownwell’s North Georgetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Georgetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Georgetown 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 North Georgetown, Ohio
Property taxes in North Georgetown, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Georgetown is 1.14%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Georgetown 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 North Georgetown's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44665 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with North Georgetown 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 North Georgetown Tax Rate
1.14%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Georgetown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44665 | 1.03% | 1.11% | 1.14% | 1.17% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across North Georgetown, Ohio
In North Georgetown, 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 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 North Georgetown, 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 example, the median home price in North Georgetown is $76,600, with tax bills ranging from $497 at the 25th percentile to $1,469 at the 90th percentile. The zip code with the highest median tax bill of $903 is 44665, which also happens to be the lowest median tax bill. 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 North Georgetown Assessed Value
$76,600
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 North Georgetown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44665 | $16,540 | $57,100 | $76,600 | $91,600 | $136,720 |
Source: Ownwell
Property Tax Bills Across North Georgetown, Ohio
In North Georgetown, Columbiana County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $76,600. Tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final amount, including property location, local tax rates, and any applicable exemptions. For homeowners in North Georgetown, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $497, while at the 75th percentile, it rises to $1,058. The 90th percentile sees tax bills as high as $1,469. Compared to the national median property tax rate of 0.99%, the rates in this region can be relatively moderate or high, depending on specific circumstances. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Homeowners should stay informed about their property's assessed value and any potential exemptions to manage their tax obligations effectively.
Average North Georgetown Tax Bill
$903
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Georgetown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44665 | $211 | $497 | $903 | $1,058 | $1,469 |
Source: Ownwell