Alliance, Ohio Property Taxes
The median property tax rate in Alliance, OH is 1.53%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Alliance, the typical annual property tax bill reaches $2,531, slightly below the national median of $2,690. Property taxes in Alliance 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 Alliance'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 Alliance 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
Alliance, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,493
$2,314
Ownwell’s Alliance Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Alliance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alliance 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 Alliance, Ohio
Property taxes in Alliance, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alliance is 1.53%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alliance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alliance 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 Alliance's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44601 zip code has the highest median property tax rate of 1.53%, while the lowest median tax rate in the same zip code is also 1.53%. Understanding how these cities compare with Alliance provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alliance Tax Rate
1.53%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alliance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44601 | 1.44% | 1.46% | 1.53% | 1.61% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Alliance, Ohio
In Alliance, 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 Portage 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 Alliance, 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. The median home price in Alliance is $162,950, with median tax bills ranging from $1,992 at the 25th percentile to $3,086 at the 75th percentile. The highest and lowest median tax bills are both $2,531 in the 44601 zip code. Being aware of these valuation processes in Alliance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alliance Assessed Value
$162,950
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 Alliance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44601 | $119,900 | $130,125 | $162,950 | $193,075 | $222,090 |
Source: Ownwell
Property Tax Bills Across Alliance, Ohio
Property tax bills in Alliance, located in Portage County, Ohio, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. In Alliance, homeowners can expect to pay a median property tax rate that is reflective of the local government's budgetary needs and public services funding. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Alliance is $162,950, which provides a baseline for calculating property taxes. Homeowners in the 25th percentile pay around $1,992 annually, while those in the 75th percentile see bills closer to $3,086. At the 90th percentile, property tax bills can reach up to $3,211. Compared to the national median property tax rate of 0.99%, Alliance's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value and the specific tax rate applied.
Average Alliance Tax Bill
$2,531
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alliance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44601 | $1,827 | $1,992 | $2,531 | $3,086 | $3,211 |
Source: Ownwell