Ironton, Ohio Property Taxes
The median property tax rate in Ironton, OH is 1.68%, which is considerably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With the median home value in Ironton at $86,410, the typical annual property tax bill reaches $1,287, still below the national median of $2,690. Property taxes in Ironton 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 Ironton’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 Ironton 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
Ironton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,452
Ownwell’s Ironton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ironton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ironton 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 Ironton, Ohio
Property taxes in Ironton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ironton is 1.68%, notably higher than the U.S. national median of 0.99%. Local government entities within Ironton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ironton 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 Ironton's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45638 zip code has both the highest and lowest median property tax rate in the region at 1.68%. Understanding how these areas compare with Ironton provides valuable insights into the varying tax landscape across Scioto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ironton Tax Rate
1.68%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ironton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45638 | 1.08% | 1.39% | 1.68% | 1.70% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Ironton, Ohio
In Ironton, 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 Scioto 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 Ironton, 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 45638 zip code experience a median tax bill of $1,287. 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 Ironton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ironton Assessed Value
$86,410
Average Scioto County Assessed Value
$71,410
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ironton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45638 | $18,632 | $39,485 | $86,410 | $137,870 | $189,917 |
Source: Ownwell
Property Tax Bills Across Ironton, Ohio
In Ironton, located in Scioto County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate, which varies depending on the specific area within the county. For example, in Ironton, the median home price is $86,410, and the median property tax bill is $1,287. This results in an effective tax rate that is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's location, market value, and any applicable tax exemptions or abatements. Homeowners in Ironton can expect a range of tax bills; the 25th percentile is around $546, while the 75th percentile reaches $2,158, and the 90th percentile peaks at $3,124. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors can help homeowners anticipate and manage their annual property tax expenses.
Average Ironton Tax Bill
$1,287
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ironton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45638 | $273 | $546 | $1,287 | $2,158 | $3,124 |
Source: Ownwell