Washingtonville, Ohio Property Taxes
The median property tax rate in Washingtonville, OH is 1.77%, considerably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $71,305 in Washingtonville, the typical annual property tax bill reaches $1,124, which is lower than the national median of $2,690. Property taxes in Washingtonville 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 Washingtonville'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 Washingtonville 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
Washingtonville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,262
$1,171
Ownwell’s Washingtonville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Washingtonville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Washingtonville to provide an accurate property tax bill estimate. This tool offers crucial insights into potential tax liabilities, helping you plan your finances better. For those interested in more localized information, trends on a neighborhood level are available by scrolling down. Your property’s assessed value is determined by Mahoning County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Washingtonville, Ohio
Property taxes in Washingtonville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washingtonville is 1.77%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Washingtonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washingtonville 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 Washingtonville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44490 zip code has the highest median property tax rate of 1.77%, while the same zip code also holds the lowest median tax rate of 1.77%. Understanding how these cities compare with Washingtonville 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 Washingtonville Tax Rate
1.77%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washingtonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44490 | 1.14% | 1.32% | 1.77% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Washingtonville, Ohio
In Washingtonville, 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 Washingtonville, 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 Washingtonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,124 in zip code 44490, while the lowest median tax bill is also $1,124 in the same zip code.
Average Washingtonville Assessed Value
$71,305
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 Washingtonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44490 | $35,324 | $55,412 | $71,305 | $90,040 | $95,360 |
Source: Ownwell
Property Tax Bills Across Washingtonville, Ohio
In Washingtonville, located in Mahoning County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Washingtonville is $71,305. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies depending on the specific tax levies in place. For example, homeowners in the 25th percentile of tax bills pay around $864 annually, while those in the 75th percentile pay approximately $1,490. At the 90th percentile, the tax bill can reach up to $1,652. These tax bills are influenced by various factors including the market value of the property, improvements made to the home, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Washingtonville's rates are relatively moderate, providing a balanced financial environment for homeowners. This system ensures that property taxes are fairly distributed based on property values, impacting homeowners' annual financial planning and overall cost of living.
Average Washingtonville Tax Bill
$1,124
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Washingtonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44490 | $407 | $864 | $1,124 | $1,490 | $1,652 |
Source: Ownwell