Concord Township, Geauga County, Ohio Property Taxes
The median property tax rate in Concord Township, OH is 1.96%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Concord Township at $224,650, the typical annual property tax bill reaches $4,215, exceeding the national median of $2,690. Property taxes in Concord Township are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Concord Township'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 Concord Township 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
Concord Township, Geauga County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$4,403
$4,086
Ownwell’s Concord Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concord Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concord Township 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 Concord Township, Geauga County, Ohio
Property taxes in Concord Township, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concord Township is 1.96%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Concord Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concord Township 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 Concord Township's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44024 zip code has the highest median property tax rate of 1.97%, while the 44060 zip code has the lowest median tax rate of 1.92%. Understanding how these cities compare with Concord Township provides valuable insights into the varying tax landscape across Geauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concord Township Tax Rate
1.96%
Average Geauga County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concord Township, Geauga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44024 | 1.74% | 1.85% | 1.97% | 2.00% | 2.07% |
| 44060 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Concord Township, Geauga County, Ohio
In Concord Township, 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 Geauga 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 in Concord Township 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 Concord Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $24,772 in zip code 44060, while the lowest is $3,889 in zip code 44024.
Property Tax Assessment Values Across Concord Township, Geauga County, Ohio
Source: Ownwell
$135,450
$339,950
$544,450
Average Concord Township Assessed Value
$224,650
Average Geauga County Assessed Value
$217,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concord Township, Geauga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44024 | $174,760 | $183,100 | $208,700 | $252,150 | $324,080 |
| 44060 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Concord Township, Geauga County, Ohio
In Concord Township, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and represents a percentage of the property's market value. Several factors influence this assessed value, including the home's size, location, and condition, as well as recent sales of comparable properties in the area. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Concord Township, tax bills can vary significantly. Homeowners in the 25th percentile pay around $3,539 annually, while those in the 75th percentile pay about $6,731. At the higher end, the 90th percentile sees tax bills as high as $21,338. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, homeowners in Concord Township may experience higher property tax bills, reflecting the area's property values and tax rates.
Average Concord Township Tax Bill
$4,215
Average Geauga County Tax Bill
$4,427
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Concord Township, Geauga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44024 | $3,302 | $3,457 | $3,889 | $5,125 | $6,465 |
| 44060 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell