Brunswick, Ohio Property Taxes
The median property tax rate in Brunswick, Ohio is 1.64%, notably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With a median home value of $216,400 in Brunswick, the typical annual property tax bill reaches $3,575, surpassing the national median of $2,690. Property taxes in Brunswick are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brunswick'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 Brunswick 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
Brunswick, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$3,549
Ownwell’s Brunswick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brunswick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brunswick 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brunswick, Ohio
Property taxes in Brunswick, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brunswick is 1.64%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Brunswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunswick 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 Brunswick's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44212 zip code has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these cities compare with Brunswick provides valuable insights into the varying tax landscape across Medina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brunswick Tax Rate
1.64%
Average Medina County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunswick, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44212 | 1.43% | 1.64% | 1.64% | 1.75% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Brunswick, Ohio
In Brunswick, 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 Medina 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 Brunswick, 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 Brunswick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brunswick are both $3,575, occurring in the 44212 zip code.
Average Brunswick Assessed Value
$216,400
Average Medina County Assessed Value
$233,850
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brunswick, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44212 | $133,220 | $169,975 | $216,400 | $276,388 | $331,000 |
Source: Ownwell
Property Tax Bills Across Brunswick, Ohio
In Brunswick, Medina County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Brunswick, the median home price is $216,400. The tax bill can vary significantly, with the 25th percentile at $2,757 and the 75th percentile reaching $4,691. The 90th percentile tax bill climbs to $5,719, indicating a substantial range in tax obligations depending on property values and specific assessments. Factors such as the property's location, improvements, and market trends influence the assessed value, directly impacting the tax bill. Compared to the national median property tax rate of 0.99%, Brunswick homeowners face a relatively higher tax burden. This financial commitment can affect budgeting and long-term financial planning for residents. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Brunswick Tax Bill
$3,575
Average Medina County Tax Bill
$3,537
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunswick, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44212 | $2,153 | $2,757 | $3,575 | $4,691 | $5,719 |
Source: Ownwell