Hartville, Ohio Property Taxes
The median property tax rate in Hartville, OH is 1.63%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Hartville at $186,300, the typical annual property tax bill reaches $2,996, surpassing the national median of $2,690. Property taxes in Hartville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hartville'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 Hartville 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
Hartville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$3,037
$2,818
Ownwell’s Hartville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartville 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 Hartville, Ohio
Property taxes in Hartville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartville is 1.63%, notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hartville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartville 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 Hartville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44632 zip code has the highest median property tax rate of 1.63%, while also having the lowest median tax rate of 1.63%. Understanding how these cities compare with Hartville 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 Hartville Tax Rate
1.63%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44632 | 1.41% | 1.62% | 1.63% | 1.67% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Hartville, Ohio
In Hartville, 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 Hartville, 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 Hartville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,996 in the 44632 zip code, while the lowest is also $2,996 in the same zip code, reflecting a consistent tax environment.
Average Hartville Assessed Value
$186,300
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 Hartville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44632 | $110,880 | $149,600 | $186,300 | $236,700 | $301,440 |
Source: Ownwell
Property Tax Bills Across Hartville, Ohio
In Hartville, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For example, if the median home price in Hartville is $186,300, the assessed value will be a fraction of this amount, depending on local assessment rates. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Hartville, the tax rate can vary, but property tax bills generally range between $2,302 at the 25th percentile and $4,998 at the 90th percentile. This means that most homeowners can expect to pay within this range, depending on their property's assessed value and specific tax rate. Compared to the national median property tax rate of 0.99%, Hartville's property taxes can be relatively high, impacting homeowners' overall expenses. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Hartville Tax Bill
$2,996
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44632 | $1,892 | $2,302 | $2,996 | $3,867 | $4,998 |
Source: Ownwell