Seville, Ohio Property Taxes
The median property tax rate in Seville, Ohio is 1.37%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Seville, the typical annual property tax bill reaches $3,068, exceeding the national median of $2,690. Property taxes in Seville 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 Seville'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 Seville 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
Seville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$3,096
$2,873
Ownwell’s Seville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Seville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seville 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 Seville, Ohio
Property taxes in Seville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seville is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Seville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seville 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 Seville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44273 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Seville 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 Seville Tax Rate
1.37%
Average Medina County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44273 | 1.22% | 1.34% | 1.37% | 1.43% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Seville, Ohio
In Seville, 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 Seville, 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 Seville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Seville is $3,068 in the 44273 zip code, while the lowest median tax bill is also $3,068 in the same zip code.
Average Seville Assessed Value
$225,980
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 Seville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44273 | $114,860 | $159,740 | $225,980 | $291,855 | $393,360 |
Source: Ownwell
Property Tax Bills Across Seville, Ohio
In Seville, located in Medina County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For example, if the median home price is $225,980, this valuation forms the basis for calculating property taxes. Various factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is established, the local tax rate is applied. In Seville, property tax bills vary significantly, with the 25th percentile tax bill at $2,158 and the 75th percentile at $4,055. The highest median tax bill in the area reaches $3,068. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Compared to the national median property tax rate of 0.99%, Seville's property taxes reflect the local economic conditions and public service needs, ensuring that homeowners contribute fairly to the community.
Average Seville Tax Bill
$3,068
Average Medina County Tax Bill
$3,537
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Seville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44273 | $1,532 | $2,158 | $3,068 | $4,055 | $5,523 |
Source: Ownwell