Kent, Ohio Property Taxes
The median property tax rate in Kent, Ohio is 1.98%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kent, the typical annual property tax bill reaches $2,967, exceeding the national median of $2,690. Property taxes in Kent 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 Kent'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 Kent 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
Kent, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$2,986
$2,771
Ownwell’s Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent 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 Portage County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kent, Ohio
Property taxes in Kent, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent is 1.98%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent 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 Kent's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44240 zip code has the highest median property tax rate of 1.98%, while the 44242 zip code has the lowest median tax rate of 1.80%. Understanding how these cities compare with Kent 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 Kent Tax Rate
1.98%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44240 | 1.67% | 1.93% | 1.98% | 2.07% | 2.14% |
| 44242 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
| 44243 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Kent, Ohio
In Kent, 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 Kent, 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 instance, homeowners in the 44242 zip code face the highest median tax bill at $13,285, while those in the 44243 zip code see the lowest median tax bill at $1,047. 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 Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kent Assessed Value
$150,800
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 Kent, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44240 | $82,800 | $115,975 | $150,800 | $208,000 | $276,600 |
| 44242 | $739,100 | $739,100 | $739,100 | $739,100 | $739,100 |
| 44243 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 |
Source: Ownwell
Property Tax Bills Across Kent, Ohio
In Kent, located in Portage County, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to compute the annual tax bill. The median home price in Kent is $150,800, and homeowners can expect to pay a tax rate that aligns with the county's standards. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, the tax bill for the 25th percentile is $2,268, while it rises to $4,095 at the 75th percentile, and reaches $5,461 at the 90th percentile. Homeowners in Kent face varying tax burdens depending on their property's value and specific circumstances. The highest median tax bill in the area can soar to $13,285 in certain zip codes, while the lowest median tax bill is around $1,047. These figures highlight the significant variability in property tax liabilities within the city.
Average Kent Tax Bill
$2,967
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44240 | $1,616 | $2,268 | $2,967 | $4,095 | $5,460 |
| 44242 | $13,285 | $13,285 | $13,285 | $13,285 | $13,285 |
| 44243 | $1,047 | $1,047 | $1,047 | $1,047 | $1,047 |
Source: Ownwell