Greenford, Ohio Property Taxes
The median property tax rate in Greenford, OH is 1.91%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Greenford at $75,100, the typical annual property tax bill reaches $1,432, which is below the national median of $2,690. Property taxes in Greenford 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 Greenford'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 Greenford 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
Greenford, 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 Greenford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenford 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 Mahoning County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Greenford, Ohio
Property taxes in Greenford, Ohio, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenford is 1.91%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Greenford set these rates annually, and they can vary considerably across different neighborhoods. Each year, Greenford 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 Greenford's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44422 zip code has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these areas compare with Greenford 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 Greenford Tax Rate
1.91%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44422 | 1.70% | 1.89% | 1.91% | 1.92% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Greenford, Ohio
In Greenford, 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 Greenford, 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 Greenford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the 44422 zip code has the highest and lowest median tax bill at $1,432.
Average Greenford Assessed Value
$75,100
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 Greenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44422 | $56,114 | $68,570 | $75,100 | $145,245 | $162,566 |
Source: Ownwell
Property Tax Bills Across Greenford, Ohio
In Greenford, located in Mahoning County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Greenford is $75,100, and the tax rate applied to this assessed value determines the tax bill. Factors such as property size, location, and market conditions play a significant role in this assessment. Homeowners in Greenford can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $1,324, while the 75th percentile tax bill rises to $2,510. At the 90th percentile, the tax bill can reach up to $3,104. Comparatively, the national median property tax rate is 0.99%, making Greenford's rates relatively consistent with national averages. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Greenford Tax Bill
$1,432
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44422 | $1,095 | $1,324 | $1,432 | $2,510 | $3,104 |
Source: Ownwell