Irondale, Ohio Property Taxes
The median property tax rate in Irondale, OH is 2.54%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Irondale at $38,370, the typical annual property tax bill reaches $942, which is still under the national median of $2,690. Property taxes in Irondale are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Irondale'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 Irondale or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irondale, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$975
Ownwell’s Irondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irondale 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 Irondale, Ohio
Property taxes in Irondale, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irondale is 1.44%, significantly higher than the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Irondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irondale 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 Irondale's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43932 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Irondale provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irondale Tax Rate
2.54%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irondale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43932 | 1.98% | 2.16% | 2.54% | 2.55% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Irondale, Ohio
In Irondale, 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 Jefferson 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 Irondale, 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 Irondale 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 $942.00 in zip code 43932, while the lowest median tax bill is also $942.00 in the same zip code.
Average Irondale Assessed Value
$38,370
Average Jefferson County Assessed Value
$67,215
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irondale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43932 | $5,890 | $21,910 | $38,370 | $76,338 | $155,436 |
Source: Ownwell
Property Tax Bills Across Irondale, Ohio
In Irondale, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in Irondale is $38,370, and the property tax rate is applied to this value to determine the annual tax bill. Homeowners in Irondale can expect property tax bills to vary significantly. The 25th percentile tax bill is around $539, while the 75th percentile tax bill reaches $1,689. In some cases, tax bills can go as high as $3,217, as seen in the 90th percentile. This range highlights the variability in tax burdens depending on property characteristics and assessments. Compared to the national median property tax rate of 0.99%, Irondale's tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Irondale Tax Bill
$942
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Irondale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43932 | $150 | $539 | $942 | $1,689 | $3,217 |
Source: Ownwell