Boardman, Ohio Property Taxes
The median property tax rate in Boardman, OH is 2.27%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Boardman at $96,615, the typical annual property tax bill reaches $2,227, which is below the national median of $2,690. Property taxes in Boardman are calculated based on the tax assessed value, typically lower than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Boardman’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 Boardman or another part of Mahoning County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boardman, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$2,193
$2,035
Ownwell’s Boardman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boardman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boardman 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 Boardman, Ohio
Property taxes in Boardman, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boardman is 2.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Boardman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boardman 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 Boardman's effective property tax rate to other regions in Ohio and the national median. For comparison, the 44512 zip code has the highest median property tax rate of 2.27%, while the 44512 zip code has the lowest median tax rate of 2.27%. Understanding how these cities compare with Boardman 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 Boardman Tax Rate
2.27%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boardman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44512 | 1.95% | 2.15% | 2.27% | 2.29% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Boardman, Ohio
In Boardman, 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 Boardman, 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 median home price in Boardman is $96,615, with property tax bills ranging from $1,246 at the 25th percentile to $5,488 at the 90th percentile. The highest and lowest median tax bills are both reported at $2,227 in the 44512 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boardman Assessed Value
$96,615
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 Boardman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44512 | $45,950 | $56,418 | $96,615 | $154,272 | $242,750 |
Source: Ownwell
Property Tax Bills Across Boardman, Ohio
In Boardman, located in Mahoning County, OH, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county assessor, who evaluates the property periodically. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Boardman is $96,615, and homeowners can expect varying tax bills depending on their property's assessed value. Factors like property improvements, local tax levies, and changes in the tax rate can influence the final tax amount. For instance, the 25th percentile tax bill is approximately $1,246, while the 75th percentile tax bill is around $3,352. At the 90th percentile, homeowners might pay as much as $5,488. These figures highlight the range of tax burdens residents might face. Given the national median property tax rate of 0.99%, Boardman’s property tax rates can significantly impact homeowners, influencing their financial planning and housing affordability.
Average Boardman Tax Bill
$2,227
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Boardman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44512 | $975 | $1,246 | $2,227 | $3,352 | $5,488 |
Source: Ownwell