Middlebranch, Ohio Property Taxes
The median property tax rate in Middlebranch, OH is 0.91%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Middlebranch at $99,400, the typical annual property tax bill is $989, falling below the national median of $2,690. Property taxes in Middlebranch 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 Middlebranch'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 Middlebranch or another part of Stark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middlebranch, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$905
Ownwell’s MIDDLEBRANCH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIDDLEBRANCH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIDDLEBRANCH 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 Middlebranch, Ohio
Property taxes in Middlebranch, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middlebranch is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Middlebranch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middlebranch 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 Middlebranch's effective property tax rate to other areas in Stark County and the national median. For comparison, the zip code 44652 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Middlebranch provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middlebranch Tax Rate
0.91%
Average Stark County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middlebranch, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44652 | 0.79% | 0.86% | 0.91% | 1.10% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Middlebranch, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Middlebranch, Ohio. 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 Stark 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 Middlebranch, 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, the zip code 44652 has the highest median tax bill at $989, which is also the lowest median 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 Middlebranch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middlebranch Assessed Value
$99,400
Average Stark County Assessed Value
$128,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middlebranch, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44652 | $62,150 | $80,750 | $99,400 | $139,175 | $194,150 |
Source: Ownwell
Property Tax Bills Across Middlebranch, Ohio
In Middlebranch, located in Stark County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. For example, with a median home price of $99,400, the tax bill can vary significantly. Homeowners in the 25th percentile might see tax bills around $789, while those in the 75th percentile could face bills up to $1,609. At the higher end, the 90th percentile tax bills can soar to $2,628. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Middlebranch's rates reflect the local economic conditions and government funding needs. These taxes directly impact homeowners by affecting monthly mortgage payments and overall housing affordability. Understanding these factors can help residents better anticipate their annual property tax obligations and plan their finances accordingly.
Average Middlebranch Tax Bill
$989
Average Stark County Tax Bill
$801
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Middlebranch, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44652 | $525 | $789 | $989 | $1,609 | $2,628 |
Source: Ownwell