Rootstown, Ohio Property Taxes
The median property tax rate in Rootstown, OH is 1.54%, higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $167,900 in Rootstown, the typical annual property tax bill is approximately $2,520, which is below the national median of $2,690. Property taxes in Rootstown are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Rootstown'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 Rootstown or another part of Portage County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rootstown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$2,586
Ownwell’s Rootstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rootstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rootstown 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 Rootstown, Ohio
Property taxes in Rootstown, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rootstown is 1.54%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rootstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rootstown 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 Rootstown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44272 zip code has the highest median property tax rate of 1.54%, while the same 44272 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Rootstown 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 Rootstown Tax Rate
1.54%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rootstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44272 | 1.28% | 1.47% | 1.54% | 1.58% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Rootstown, Ohio
In Rootstown, 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 Rootstown, 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 Rootstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Rootstown's median home price stands at $167,900, with tax bills ranging from $1,930 at the 25th percentile to $4,303 at the 90th percentile. The highest and lowest median tax bills are both $2,520, found in the 44272 zip code.
Average Rootstown Assessed Value
$167,900
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 Rootstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44272 | $100,140 | $128,100 | $167,900 | $224,650 | $282,060 |
Source: Ownwell
Property Tax Bills Across Rootstown, Ohio
In Rootstown, located 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 median home price in Rootstown is $167,900, and the property tax rate for the area influences the final tax bill. Factors such as local government budgets, school funding needs, and public service requirements play a crucial role in determining the tax rate. Homeowners in Rootstown can expect a wide range of tax bills. At the 25th percentile, property tax bills are around $1,930, while those at the 75th percentile are approximately $3,397. For those at the 90th percentile, tax bills can reach up to $4,303. The highest and lowest median tax bill in the area both stand at $2,520, indicating some consistency in the tax assessments. Compared to the national median property tax rate of 0.99%, Rootstown's property taxes can significantly impact homeowners, influencing decisions on home purchases and budgeting for annual expenses.
Average Rootstown Tax Bill
$2,520
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rootstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44272 | $1,418 | $1,930 | $2,520 | $3,397 | $4,303 |
Source: Ownwell