Akron, Portage County, Ohio Property Taxes
Median Akron, OH effective property tax rate: 1.72%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Akron, OH home value: $177,800
Median annual Akron, OH tax bill: $3,120, $720 higher than the national median property tax bill of $2,400.
How are property taxes in Portage County calculated?
Property taxes in Akron, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Akron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Akron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Akron, Portage County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.72%
Estimate Property Tax Bill
$3,058
$2,838
Ownwell’s Akron Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Akron with just two data points.
By entering your property's estimated assessed value, our calculator applies Akron’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Portage County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Akron, Portage County, Ohio
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Akron Tax Rate
1.72%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Portage County Tax Rate
1.68%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Akron, Portage County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44312 | 1.52% | 1.70% | 1.72% | 1.75% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Akron, Portage County, Ohio
When examining property taxes in Akron, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Portage County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Portage County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Akron. For example, the median home price in Akron is $177,800, with tax bills ranging significantly across the county. Zip code 44312 has the highest median home price at $177,800.
Property Tax Assessment Values Across Akron, Portage County, Ohio
Source: Ownwell
$80,400
$180,950
$281,500
Median Akron Market Value
$177,800
Median Portage County Market Value
$162,300
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Akron, Portage County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44312 | $117,290 | $146,675 | $177,800 | $287,975 | $404,240 |
Source: Ownwell
Property Tax Bills Across Akron, Portage County, Ohio
In Akron, located in Portage County, OH, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in Akron face a median property tax bill of $3,120, which is significantly higher than the national median of $2,400. The tax rate is applied to the assessed value of the property, which is a percentage of its market value. Factors influencing the tax bill include property size, location, and any applicable exemptions. With tax bills ranging from $2,566 at the 25th percentile to $6,780 at the 90th percentile, homeowners in Akron may find themselves paying considerably more than the national average.
Ownwell can assist homeowners in Akron by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps ensure that homeowners are not overpaying on their property taxes. With Ownwell's assistance, Akron homeowners can potentially reduce their tax burdens, ensuring they only pay their fair share.
Median Akron Tax Bill
$3,120
Median Portage County Tax Bill
$2,735
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Akron, Portage County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44312 | $1,910 | $2,566 | $3,120 | $4,618 | $6,780 |
Source: Ownwell