Irving, Ohio Property Taxes
The median property tax rate in Irving, OH is 0.97%, slightly below the national median of 0.99% and significantly lower than the Ohio state median of 1.80%. With the median home value in Irving at $318,660, the typical annual property tax bill amounts to $3,091, surpassing the national median of $2,690. Property taxes in Irving are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Irving'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 Irving 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
Irving, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$3,091
$2,868
Ownwell’s Irving Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irving with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irving 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 Irving, Ohio
Property taxes in Irving, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irving is 1.35%, higher than both the Ohio state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Irving set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irving 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 Irving's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43055 zip code has the highest median property tax rate of 1.35%, while the 43055 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Irving provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irving Tax Rate
0.97%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irving, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75063 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Irving, Ohio
In Irving, 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 Lawrence 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 Irving, 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 instance, the highest and lowest median tax bills in Irving are both $3,091, found in the 75063 zip code, reflecting the uniformity in tax assessments. 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 Irving helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Irving Assessed Value
$318,660
Average Lawrence County Assessed Value
$85,530
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irving, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75063 | $318,660 | $318,660 | $318,660 | $318,660 | $318,660 |
Source: Ownwell
Property Tax Bills Across Irving, Ohio
In Irving, Ohio, property tax bills are calculated based on the assessed value of the property, which is determined by the county's appraisal district. This assessed value is a percentage of the property's market value, reflecting current real estate trends. The median home price in Irving stands at $318,660, which serves as a benchmark for tax calculations. Homeowners in Irving can expect a median property tax bill of $3,091, aligning with both the 25th and 75th percentiles, indicating a relatively uniform tax rate across different property values. This tax is crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Irving's tax bills can be seen as reflective of the region's property values and community needs. For homeowners, understanding these factors is essential for financial planning and anticipating annual expenses related to property ownership.
Average Irving Tax Bill
$3,091
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Irving, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75063 | $3,091 | $3,091 | $3,091 | $3,091 | $3,091 |
Source: Ownwell