Ellsworth, Ohio Property Taxes
The median property tax rate in Ellsworth, Ohio is 1.88%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Ellsworth at $107,630, the typical annual property tax bill reaches $2,025, exceeding the national median of $2,690. Property taxes in Ellsworth 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 Ellsworth'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 Ellsworth 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
Ellsworth, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,023
$1,878
Ownwell’s Ellsworth Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ellsworth with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ellsworth to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Mahoning County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ellsworth, Ohio
Property taxes in Ellsworth, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellsworth is 1.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ellsworth set these rates annually, and they can vary across different neighborhoods. Each year, Ellsworth 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 Ellsworth's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44416 has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these areas compare with Ellsworth 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 Ellsworth Tax Rate
1.88%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellsworth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44416 | 1.37% | 1.56% | 1.88% | 1.89% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Ellsworth, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ellsworth, Ohio. 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 Ellsworth, 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. For instance, Ellsworth's median home price is $107,630, with tax bills ranging from $1,287 at the 25th percentile to $3,743 at the 90th percentile. The highest and lowest median tax bills are both $2,025, found in the 44416 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ellsworth Assessed Value
$107,630
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 Ellsworth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44416 | $53,425 | $93,235 | $107,630 | $181,138 | $198,685 |
Source: Ownwell
Property Tax Bills Across Ellsworth, Ohio
In Ellsworth, Mahoning County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Ellsworth face varying property tax bills, with the median home price being $107,630. Tax bills can range significantly, with the 25th percentile at $1,287 and the 75th percentile at $3,362. The highest median tax bill in the area is $2,025, found in the 44416 zip code. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Ellsworth can impact homeowners differently, depending on their property's valuation and the specific tax rates applied. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances accordingly.
Average Ellsworth Tax Bill
$2,025
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellsworth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44416 | $782 | $1,287 | $2,025 | $3,362 | $3,743 |
Source: Ownwell