Alliance, Ohio Property Taxes
The median property tax rate in Alliance, OH is 1.43%, 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 Alliance at $28,950, the typical annual property tax bill reaches $372, well below the national median of $2,690. Property taxes in Alliance are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alliance'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 Alliance 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
Alliance, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$414
$384
Ownwell’s Alliance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alliance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alliance 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 Alliance, Ohio
Property taxes in Alliance, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alliance is 1.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alliance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alliance 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 Alliance's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44601 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Alliance provides valuable insights into the varying tax landscape across Mahoning County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alliance Tax Rate
1.43%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alliance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44601 | 1.02% | 1.38% | 1.43% | 1.58% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Alliance, Ohio
In Alliance, 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 Mahoning 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 Alliance, 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 Alliance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alliance is $28,950, with the lowest median tax bill reported at $372 in zip code 44601.
Average Alliance Assessed Value
$28,950
Average Mahoning County Assessed Value
$80,890
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alliance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44601 | $3,248 | $10,380 | $28,950 | $66,950 | $108,180 |
Source: Ownwell
Property Tax Bills Across Alliance, Ohio
In Alliance, OH, property tax bills are primarily 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 annual property tax bill. For instance, with a median home price of $28,950, homeowners can expect varying tax bills depending on their specific property's assessment and applicable exemptions. Factors such as location within Mahoning County, property size, and any improvements made to the property can influence the assessed value. Homeowners in the 25th percentile of tax bills pay around $132 annually, while those in the 75th percentile see bills closer to $897. At the higher end, the 90th percentile tax bill can reach up to $1,474. These tax bills impact homeowners by affecting their overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Alliance's property taxes can be considered relatively low, providing some financial relief to local homeowners.
Average Alliance Tax Bill
$372
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alliance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44601 | $41 | $132 | $372 | $897 | $1,474 |
Source: Ownwell