Youngstown, Ohio Property Taxes
The median property tax rate in Youngstown, OH is 2.15%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Youngstown at $70,065, the typical annual property tax bill reaches $1,390, which is below the national median of $2,690. Property taxes in Youngstown are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Youngstown'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 Youngstown 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
Youngstown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$1,506
$1,398
Ownwell’s Youngstown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Youngstown with just two simple inputs. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Youngstown to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities with ease. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by Mahoning County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Youngstown, Ohio
Property taxes in Youngstown, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngstown is 2.15%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Youngstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngstown 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. For comparison, the 44501 zip code has the highest median property tax rate of 4.36%, while the 44503 zip code has the lowest median tax rate of 1.94%. Understanding how these cities compare with Youngstown 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 Youngstown Tax Rate
2.15%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44501 | 4.36% | 4.36% | 4.36% | 4.36% | 4.36% |
| 44502 | 0.39% | 2.15% | 2.21% | 2.22% | 2.26% |
| 44503 | 1.42% | 1.43% | 1.94% | 1.94% | 2.21% |
| 44504 | 0.82% | 2.15% | 2.15% | 2.21% | 2.22% |
| 44505 | N/A | N/A | N/A | N/A | N/A |
| 44506 | N/A | N/A | N/A | N/A | N/A |
| 44507 | N/A | N/A | N/A | N/A | N/A |
| 44509 | 0.78% | 2.15% | 2.16% | 2.21% | 2.22% |
| 44510 | N/A | N/A | N/A | N/A | N/A |
| 44511 | 1.40% | 1.97% | 2.15% | 2.21% | 2.29% |
| 44512 | 1.76% | 2.15% | 2.29% | 2.32% | 2.36% |
| 44514 | 1.55% | 1.85% | 2.02% | 2.15% | 2.27% |
| 44515 | 1.42% | 1.97% | 1.97% | 1.99% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Youngstown, Ohio
In Youngstown, 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 Auditor 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. 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 Youngstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Youngstown is $2,586 in the 44514 zip code, while the lowest is $326 in the 44502 zip code.
Average Youngstown Assessed Value
$70,065
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 Youngstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44501 | $41,400 | $41,400 | $41,400 | $41,400 | $41,400 |
| 44502 | $1,980 | $7,262 | $16,915 | $27,328 | $36,755 |
| 44503 | $25,658 | $30,390 | $44,410 | $53,340 | $160,678 |
| 44504 | $13,404 | $22,335 | $38,380 | $56,345 | $83,136 |
| 44505 | N/A | N/A | N/A | N/A | N/A |
| 44506 | N/A | N/A | N/A | N/A | N/A |
| 44507 | N/A | N/A | N/A | N/A | N/A |
| 44509 | $15,649 | $22,625 | $32,285 | $43,100 | $61,917 |
| 44510 | N/A | N/A | N/A | N/A | N/A |
| 44511 | $8,895 | $31,685 | $72,690 | $98,142 | $124,445 |
| 44512 | $47,625 | $66,330 | $103,725 | $149,325 | $190,820 |
| 44514 | $50,260 | $82,700 | $131,960 | $192,945 | $285,050 |
| 44515 | $51,898 | $69,430 | $92,180 | $128,040 | $175,522 |
Source: Ownwell
Property Tax Bills Across Youngstown, Ohio
In Youngstown, property tax bills are calculated based on the assessed value of a home, which is determined by the Mahoning County Auditor's office. The assessed value is typically a percentage of the market value of the property. Various factors influence this valuation, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. In Mahoning County, the median home price is $70,065, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $513, while at the 75th percentile, it reaches $2,422. The 90th percentile tax bill is even higher at $3,643. Homeowners in Youngstown's ZIP code 44514 experience the highest median tax bill at $2,586, whereas those in ZIP code 44502 pay the lowest median tax bill of $326. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting homeowners and their communities.
Average Youngstown Tax Bill
$1,390
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44501 | $1,803 | $1,803 | $1,803 | $1,803 | $1,803 |
| 44502 | $4 | $132 | $326 | $553 | $772 |
| 44503 | $568 | $589 | $782 | $1,033 | $2,287 |
| 44504 | $190 | $380 | $726 | $1,153 | $1,708 |
| 44505 | N/A | N/A | N/A | N/A | N/A |
| 44506 | N/A | N/A | N/A | N/A | N/A |
| 44507 | N/A | N/A | N/A | N/A | N/A |
| 44509 | $205 | $399 | $635 | $869 | $1,251 |
| 44510 | N/A | N/A | N/A | N/A | N/A |
| 44511 | $170 | $577 | $1,430 | $1,952 | $2,560 |
| 44512 | $985 | $1,444 | $2,263 | $3,278 | $4,235 |
| 44514 | $976 | $1,683 | $2,586 | $3,794 | $5,827 |
| 44515 | $904 | $1,240 | $1,716 | $2,413 | $3,395 |
Source: Ownwell