Lake Milton, Mahoning County, Ohio Property Taxes
Median Lake Milton, OH effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Lake Milton, OH home value: $96,365
Median annual Lake Milton, OH tax bill: $1,637, $763 lower than the national median property tax bill of $2,400.
How are property taxes in Mahoning County calculated?
Property taxes in Lake Milton, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lake Milton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Milton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake Milton, Mahoning County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.86%
Estimate Property Tax Bill
$1,792
$1,663
Property Tax Rates Across Lake Milton, Mahoning County, Ohio
Local government entities determine tax rates, which can vary significantly within a state. Why? Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Lake Milton, located in Mahoning County, Ohio, the effective property tax rate is 1.86%. This rate is significantly higher than the national median property tax rate of 1.02%. When comparing Lake Milton to other cities in Ohio, the tax rate remains consistent, as both the highest and lowest median tax rates in the state are 1.86%, with the same rate applying to the 44429 zip code.
For residents, understanding these rates is crucial, as they impact the annual property tax bill. With the national median property tax bill at $2,400, property owners in Lake Milton might find themselves paying more due to the higher local rate.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake Milton Tax Rate
1.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mahoning County Tax Rate
1.98%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Milton, Mahoning County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44429 | 1.56% | 1.71% | 1.86% | 1.90% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Lake Milton, Mahoning County, Ohio
When examining property taxes in Lake Milton, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mahoning County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Mahoning County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Milton. For example, the median home price in Lake Milton is $96,365, with tax bills ranging significantly across the county. Zip code 44429 has the highest median home price at $96,365.
Property Tax Assessment Values Across Lake Milton, Mahoning County, Ohio
Source: Ownwell
$16,915
$99,008
$181,100
Median Lake Milton Market Value
$96,365
Median Mahoning County Market Value
$80,890
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Milton, Mahoning County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44429 | $23,838 | $52,282 | $96,365 | $200,258 | $333,991 |
Source: Ownwell
Property Tax Bills Across Lake Milton, Mahoning County, Ohio
In Lake Milton, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Mahoning County, where Lake Milton is located, the median home price is $96,365. While the national median property tax bill is $2,400, residents here experience a range, with tax bills in the 25th percentile at $868 and those in the 90th percentile reaching $6,167. These figures highlight significant variability, impacting homeowners differently based on their property's assessed value and the local tax rate.
Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and help you file an appeal. This process can potentially lower your assessed value, reducing your tax bill. With Ownwell's guidance, homeowners can ensure they are not overpaying and can achieve substantial savings on their property taxes.
Median Lake Milton Tax Bill
$1,637
Median Mahoning County Tax Bill
$1,534
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Milton, Mahoning County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44429 | $394 | $868 | $1,637 | $3,685 | $6,167 |
Source: Ownwell