Mogadore, Ohio Property Taxes
The median property tax rate in Mogadore, OH is 1.81%, notably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Mogadore, the typical annual property tax bill reaches $3,615, surpassing the national median of $2,690. Property taxes in Mogadore 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 Mogadore'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 Mogadore 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
Mogadore, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$3,580
Ownwell’s Mogadore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mogadore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mogadore 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 Mogadore, Ohio
Property taxes in Mogadore, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mogadore is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mogadore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mogadore 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 Mogadore's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44260 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Mogadore 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 Mogadore Tax Rate
1.81%
Average Stark County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mogadore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44260 | 0.54% | 1.35% | 1.81% | 1.98% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Mogadore, Ohio
In Mogadore, 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 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 Mogadore, 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 Mogadore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 44260 has both the highest and lowest median tax bill in the area, valued at $3,615.
Average Mogadore Assessed Value
$197,800
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 Mogadore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44260 | $161,360 | $179,800 | $197,800 | $216,275 | $232,890 |
Source: Ownwell
Property Tax Bills Across Mogadore, Ohio
Property tax bills in Mogadore, located in Stark County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For example, with a median home price of $197,800, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,642 annually, while those in the 75th percentile might see bills closer to $4,155. At the 90th percentile, tax bills can reach up to $4,960. These taxes fund essential local services such as schools, public safety, and infrastructure. Given that the national median property tax rate is 0.99%, Mogadore's rates are relatively high, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to budget effectively and anticipate their financial obligations. The highest and lowest median tax bills in Mogadore both stand at $3,615, indicating a consistent property tax rate across the area.
Average Mogadore Tax Bill
$3,615
Average Stark County Tax Bill
$801
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mogadore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44260 | $1,057 | $2,642 | $3,615 | $4,155 | $4,960 |
Source: Ownwell