Portage County, Ohio Property Taxes
The median property tax rate in Portage County is 1.68%, which is significantly higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With a median home value of $162,300, the typical annual property tax bill in Portage County amounts to $2,735, slightly above the national median of $2,690. Property taxes in Portage County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Portage County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Ravenna or another part of Portage County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Portage County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$2,727
$2,530
Ownwell’s Portage County Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Portage County. By simply entering your property's estimated assessed value, our calculator applies the median tax rate in Portage County to provide an accurate estimate of your property tax bill. This valuable information helps you understand potential tax liabilities and make informed financial decisions. For more detailed trends on a city level, scroll down to navigate to a more localized informational page. Your property’s assessed value, determined by the county, includes any applicable exemptions and is crucial for calculating your property tax obligations accurately.
Property Tax Rates Across Portage County, Ohio
Property taxes in Portage County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Portage County is 1.68%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Portage County set these rates annually, and they can vary significantly between different areas within the county. Each year, Portage County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Brady Lake has one of the higher property tax rates in Ohio at 2.25%, while the city of Garrettsville boasts one of the lowest at 1.36%. Analyzing how Portage County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portage County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akron | 1.52% | 1.70% | 1.72% | 1.75% | 1.82% |
| Alliance | 1.44% | 1.46% | 1.53% | 1.61% | 1.63% |
| Atwater | 1.33% | 1.50% | 1.58% | 1.63% | 1.67% |
| Aurora | 1.56% | 1.74% | 1.74% | 1.75% | 1.78% |
| Bedford | N/A | N/A | N/A | N/A | N/A |
| Berea | N/A | N/A | N/A | N/A | N/A |
| Berlin Center | N/A | N/A | N/A | N/A | N/A |
| Brady Lake | N/A | N/A | N/A | N/A | N/A |
| Burton | N/A | N/A | N/A | N/A | N/A |
| Cleveland | N/A | N/A | N/A | N/A | N/A |
| Deerfield | 1.15% | 1.40% | 1.42% | 1.45% | 1.49% |
| Diamond | 1.20% | 1.42% | 1.43% | 1.46% | 1.48% |
| Garrettsville | 1.16% | 1.32% | 1.36% | 1.44% | 1.57% |
| Hartville | 1.41% | 1.62% | 1.63% | 1.67% | 1.72% |
| Hiram | 1.34% | 1.50% | 1.54% | 1.56% | 1.59% |
| Hudson | 1.68% | 1.77% | 1.78% | 1.85% | 2.37% |
| Kent | 1.67% | 1.93% | 1.98% | 2.07% | 2.14% |
| Lake Milton | 1.13% | 1.25% | 1.42% | 1.43% | 1.44% |
| Mantua | 1.32% | 1.49% | 1.54% | 1.57% | 1.61% |
| Mogadore | 1.48% | 1.64% | 1.72% | 1.79% | 2.01% |
| Newton Falls | 1.14% | 1.42% | 1.46% | 1.49% | 1.54% |
| North Benton | 1.19% | 1.39% | 1.43% | 1.45% | 1.50% |
| North Jackson | N/A | N/A | N/A | N/A | N/A |
| Randolph | 1.30% | 1.38% | 1.63% | 1.66% | 1.68% |
| Ravenna | 1.30% | 1.49% | 1.56% | 1.79% | 1.96% |
| Rootstown | 1.28% | 1.47% | 1.54% | 1.58% | 1.63% |
| Southington | N/A | N/A | N/A | N/A | N/A |
| Stow | N/A | N/A | N/A | N/A | N/A |
| Streetsboro | 1.53% | 1.77% | 1.77% | 1.81% | 1.96% |
| Tallmadge | 1.79% | 1.96% | 1.96% | 2.06% | 2.09% |
| Wayland | 1.02% | 1.31% | 1.47% | 1.51% | 1.56% |
| West Farmington | 1.42% | 1.44% | 1.44% | 1.46% | 1.49% |
| Windham | 1.16% | 1.34% | 1.58% | 1.60% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Portage County, Ohio
In Portage, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Portage Appraisal District. The assessed value, however, 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 in Portage are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Portage will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Portage, the highest median tax bill is found in Cleveland at $5,569, while Berea has the lowest median tax bill at $174. With a median home price of $162,300, understanding these values can help you make informed decisions about your property taxes.
Average Portage County Assessed Value
$162,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Portage County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akron | $117,290 | $146,675 | $177,800 | $287,975 | $404,240 |
| Alliance | $119,900 | $130,125 | $162,950 | $193,075 | $222,090 |
| Atwater | $77,740 | $117,850 | $163,100 | $215,100 | $273,040 |
| Aurora | $152,100 | $213,500 | $281,500 | $383,600 | $495,520 |
| Bedford | N/A | N/A | N/A | N/A | N/A |
| Berea | N/A | N/A | N/A | N/A | N/A |
| Berlin Center | N/A | N/A | N/A | N/A | N/A |
| Brady Lake | N/A | N/A | N/A | N/A | N/A |
| Burton | N/A | N/A | N/A | N/A | N/A |
| Cleveland | N/A | N/A | N/A | N/A | N/A |
| Deerfield | $31,100 | $68,700 | $121,500 | $176,900 | $238,660 |
| Diamond | $86,040 | $120,925 | $158,900 | $200,425 | $260,060 |
| Garrettsville | $72,600 | $118,400 | $154,600 | $202,400 | $247,600 |
| Hartville | $110,880 | $149,600 | $186,300 | $236,700 | $301,440 |
| Hiram | $92,700 | $139,000 | $185,700 | $244,000 | $302,200 |
| Hudson | $48,800 | $91,200 | $128,800 | $173,350 | $279,190 |
| Kent | $82,800 | $115,925 | $150,800 | $208,000 | $276,600 |
| Lake Milton | $153,950 | $185,000 | $205,900 | $225,275 | $241,770 |
| Mantua | $92,600 | $130,900 | $178,500 | $235,600 | $308,280 |
| Mogadore | $109,620 | $136,700 | $169,900 | $219,800 | $300,200 |
| Newton Falls | $26,090 | $74,300 | $116,050 | $164,950 | $220,990 |
| North Benton | $20,160 | $54,500 | $116,800 | $184,500 | $248,220 |
| North Jackson | N/A | N/A | N/A | N/A | N/A |
| Randolph | $71,820 | $95,550 | $129,300 | $169,600 | $216,000 |
| Ravenna | $58,400 | $89,700 | $129,900 | $188,800 | $241,900 |
| Rootstown | $100,140 | $128,100 | $167,900 | $224,650 | $282,060 |
| Southington | N/A | N/A | N/A | N/A | N/A |
| Stow | N/A | N/A | N/A | N/A | N/A |
| Streetsboro | $115,000 | $134,400 | $170,000 | $250,950 | $301,400 |
| Tallmadge | $151,600 | $187,400 | $223,600 | $250,500 | $270,380 |
| Wayland | $39,420 | $67,475 | $80,400 | $83,550 | $127,410 |
| West Farmington | $32,860 | $64,475 | $107,700 | $173,025 | $197,100 |
| Windham | $54,100 | $80,250 | $105,900 | $141,900 | $184,550 |
Source: Ownwell
Property Tax Bills Across Portage County, Ohio
In Portage County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors, such as property size, location, and market conditions, influence the assessed value. For instance, the median home price in Portage County is $162,300. Homeowners in Portage County experience a wide range of tax bills. The 25th percentile tax bill is $1,894, while the 75th percentile reaches $3,953, and the 90th percentile climbs to $5,451. This variability reflects differences in property values and local tax rates within the county. Compared to the national median property tax rate of 0.99%, Portage County's tax rates can significantly impact homeowners, especially those with higher-valued properties. This system ensures that property taxes are proportionate to the value and characteristics of each home, affecting the overall affordability and financial planning for residents.
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Portage County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akron | $1,910 | $2,566 | $3,120 | $4,618 | $6,780 |
| Alliance | $1,827 | $1,992 | $2,531 | $3,086 | $3,211 |
| Atwater | $1,155 | $1,796 | $2,504 | $3,349 | $4,336 |
| Aurora | $2,545 | $3,547 | $4,790 | $6,606 | $8,631 |
| Bedford | N/A | N/A | N/A | N/A | N/A |
| Berea | N/A | N/A | N/A | N/A | N/A |
| Berlin Center | N/A | N/A | N/A | N/A | N/A |
| Brady Lake | N/A | N/A | N/A | N/A | N/A |
| Burton | N/A | N/A | N/A | N/A | N/A |
| Cleveland | N/A | N/A | N/A | N/A | N/A |
| Deerfield | $395 | $945 | $1,637 | $2,463 | $3,267 |
| Diamond | $1,134 | $1,654 | $2,232 | $2,824 | $3,643 |
| Garrettsville | $978 | $1,556 | $2,100 | $2,750 | $3,482 |
| Hartville | $1,892 | $2,302 | $2,996 | $3,867 | $4,998 |
| Hiram | $1,333 | $2,006 | $2,777 | $3,703 | $4,595 |
| Hudson | $954 | $1,561 | $2,130 | $3,109 | $5,375 |
| Kent | $1,616 | $2,268 | $2,967 | $4,095 | $5,461 |
| Lake Milton | $1,831 | $2,350 | $2,783 | $3,167 | $3,450 |
| Mantua | $1,417 | $1,966 | $2,689 | $3,556 | $4,713 |
| Mogadore | $1,828 | $2,333 | $2,895 | $3,786 | $5,209 |
| Newton Falls | $389 | $1,009 | $1,602 | $2,301 | $3,110 |
| North Benton | $294 | $747 | $1,592 | $2,493 | $3,377 |
| North Jackson | N/A | N/A | N/A | N/A | N/A |
| Randolph | $1,163 | $1,421 | $1,939 | $2,659 | $3,172 |
| Ravenna | $892 | $1,369 | $2,039 | $3,007 | $3,998 |
| Rootstown | $1,418 | $1,930 | $2,520 | $3,397 | $4,303 |
| Southington | N/A | N/A | N/A | N/A | N/A |
| Stow | N/A | N/A | N/A | N/A | N/A |
| Streetsboro | $1,928 | $2,350 | $3,079 | $4,453 | $5,366 |
| Tallmadge | $2,963 | $3,678 | $4,359 | $4,862 | $5,349 |
| Wayland | $261 | $818 | $1,150 | $1,249 | $1,562 |
| West Farmington | $484 | $938 | $1,555 | $2,489 | $2,796 |
| Windham | $733 | $1,180 | $1,555 | $2,036 | $2,689 |
Source: Ownwell