Westfield Center, Ohio Property Taxes
The median property tax rate in Westfield Center, OH is 1.28%, higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $292,350 in Westfield Center, the typical annual property tax bill reaches $3,661, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Westfield Center's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're situated in the heart of Westfield Center or its surrounding areas, mastering the local property tax landscape is essential for financial efficiency.
Last Updated June 14, 2024
Westfield Center, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$3,742
$3,473
Ownwell’s Westfield Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westfield Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westfield Center 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 Westfield Center, Ohio
Property taxes in Westfield Center, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westfield Center is 1.28%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Westfield Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westfield Center 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 Westfield Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44251 zip code has the highest median property tax rate of 1.28%, while the 44251 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Westfield Center 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 Westfield Center Tax Rate
1.28%
Average Medina County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westfield Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44251 | 1.15% | 1.28% | 1.28% | 1.28% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Westfield Center, Ohio
In Westfield Center, 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 Westfield Center, 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. For example, the median home price is $292,350, with tax bills ranging from $2,808 at the 25th percentile to $6,550 at the 90th percentile. The highest and lowest median tax bill is $3,661 in the 44251 zip code. 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 Westfield Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westfield Center Assessed Value
$292,350
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 Westfield Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44251 | $184,406 | $230,960 | $292,350 | $410,165 | $514,778 |
Source: Ownwell
Property Tax Bills Across Westfield Center, Ohio
Property tax bills in Westfield Center, located in Medina County, OH, are calculated based on the assessed value of a property, not its market value. The assessed value is a percentage of the market value, determined by the county assessor. This figure is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence this calculation, including property size, location, and any improvements made. For homeowners in Westfield Center, the median home price is $292,350. Tax bills can vary widely, with the 25th percentile paying around $2,808 and the 75th percentile paying approximately $5,244 annually. The top 10% of tax bills can reach up to $6,550. These taxes fund essential local services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Westfield Center's tax rates reflect the community's investment in quality public services, impacting homeowners by contributing to the overall quality of life in the area.
Average Westfield Center Tax Bill
$3,661
Average Medina County Tax Bill
$3,537
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Westfield Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44251 | $2,207 | $2,808 | $3,661 | $5,244 | $6,550 |
Source: Ownwell