Garrettsville, Geauga County, Ohio Property Taxes
The median property tax rate in Garrettsville, OH is 1.62%, 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 Garrettsville at $155,200, the typical annual property tax bill reaches $2,508, falling below the national median of $2,690. Property taxes in Garrettsville 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 Garrettsville'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 Garrettsville 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
Garrettsville, Geauga County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,514
$2,333
Ownwell’s Garrettsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garrettsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garrettsville 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 Garrettsville, Geauga County, Ohio
Property taxes in Garrettsville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garrettsville is 1.62%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Garrettsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garrettsville 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 Garrettsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44231 has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Garrettsville 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 Garrettsville Tax Rate
1.62%
Average Geauga County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garrettsville, Geauga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44231 | 1.35% | 1.50% | 1.62% | 1.78% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Garrettsville, Geauga County, Ohio
In Garrettsville, 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 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 Garrettsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 44231 in Garrettsville has both the highest and lowest median tax bills at $2508.
Property Tax Assessment Values Across Garrettsville, Geauga County, Ohio
Source: Ownwell
$135,450
$339,950
$544,450
Average Garrettsville Assessed Value
$155,200
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 Garrettsville, Geauga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44231 | $87,400 | $118,825 | $155,200 | $213,250 | $272,600 |
Source: Ownwell
Property Tax Bills Across Garrettsville, Geauga County, Ohio
In Garrettsville, located in Geauga County, OH, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's market value, any exemptions for which the homeowner qualifies, and local tax levies all play a crucial role in this calculation. For instance, the median home price in Garrettsville is $155,200. Depending on various factors, the property tax bill can vary significantly. The 25th percentile tax bill is around $1,993, while the 75th percentile tax bill reaches up to $3,532. At the 90th percentile, homeowners might pay as much as $4,671 in property taxes annually. Compared to the national median property tax rate of 0.99%, the rates in Garrettsville can be higher, reflecting the local tax policies. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Garrettsville Tax Bill
$2,508
Average Geauga County Tax Bill
$4,427
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Garrettsville, Geauga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44231 | $1,485 | $1,993 | $2,508 | $3,532 | $4,671 |
Source: Ownwell