Campbell, Ohio Property Taxes
The median property tax rate in Campbell, OH is 2.17%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Campbell, the typical annual property tax bill reaches $836, which is significantly lower than the national median of $2,690. Property taxes in Campbell 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 Campbell'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 Campbell 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
Campbell, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Campbell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell 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 Campbell, Ohio
Property taxes in Campbell, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 2.17%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell 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 Campbell's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44405 zip code has the highest median property tax rate of 2.17%, while the 44405 zip code also has the lowest median tax rate of 2.17%. Understanding how these cities compare with Campbell 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 Campbell Tax Rate
2.17%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44405 | 1.08% | 2.17% | 2.17% | 2.23% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, Ohio
In Campbell, 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 Campbell, 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 Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44405, with a median tax bill of $836.00.
Average Campbell Assessed Value
$42,295
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 Campbell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44405 | $7,552 | $21,908 | $42,295 | $63,160 | $86,022 |
Source: Ownwell
Property Tax Bills Across Campbell, Ohio
In Campbell, located in Mahoning County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Campbell is $42,295, with property tax rates determined by local government tax authorities. Homeowners in Campbell can expect tax bills that vary significantly; the 25th percentile tax bill is $411, while the 75th percentile tax bill reaches $1,322, and the 90th percentile tax bill is $1,867. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Campbell's tax rates can be seen as relatively moderate, providing some relief for homeowners. However, the impact on homeowners can still be substantial, especially for those with higher-valued properties or fewer exemptions. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly, ensuring they can manage their finances effectively.
Average Campbell Tax Bill
$836
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44405 | $78 | $411 | $836 | $1,322 | $1,867 |
Source: Ownwell