West Salem, Medina County, Ohio Property Taxes
The median property tax rate in West Salem, OH is 1.40%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $195,155 in West Salem, the typical annual property tax bill amounts to $2,733, slightly below the national median of $2,690. Property taxes in West Salem are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding West Salem'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 West Salem 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
West Salem, Medina County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,732
$2,535
Ownwell’s West Salem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Salem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Salem 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 West Salem, Medina County, Ohio
Property taxes in West Salem, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Salem is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Salem set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Salem 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 West Salem's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44287 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with West Salem 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 West Salem Tax Rate
1.40%
Average Medina County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Salem, Medina County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44287 | 1.21% | 1.39% | 1.40% | 1.41% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across West Salem, Medina County, Ohio
In West Salem, 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 West Salem, 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 West Salem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44287, with a value of $2,733.00, which is significantly higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across West Salem, Medina County, Ohio
Source: Ownwell
$130,095
$284,063
$438,030
Average West Salem Assessed Value
$195,155
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 West Salem, Medina County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44287 | $111,054 | $149,535 | $195,155 | $275,235 | $359,387 |
Source: Ownwell
Property Tax Bills Across West Salem, Medina County, Ohio
In West Salem, OH, property tax bills are determined based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in West Salem experience a range of property tax bills. For instance, tax bills at the 25th percentile are around $2,030, while those at the 75th percentile can reach $3,840. At the 90th percentile, bills can be as high as $5,078. These figures demonstrate the variability in property tax burdens based on property values and other local factors. When compared to the national median property tax rate of 0.99%, West Salem's rates reflect the broader trends in Medina County. The highest and lowest median tax bills in the area are both $2,733, indicating a relatively uniform tax rate within this region. Homeowners should be aware of these factors as they significantly impact their annual financial planning and overall cost of homeownership.
Average West Salem Tax Bill
$2,733
Average Medina County Tax Bill
$3,537
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across West Salem, Medina County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44287 | $1,481 | $2,030 | $2,733 | $3,840 | $5,078 |
Source: Ownwell