Aurora, Ohio Property Taxes
The median property tax rate in Aurora, Ohio is 1.52%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Aurora, the typical annual property tax bill reaches $4,087, exceeding the national median of $2,690. Property taxes in Aurora 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 Aurora'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 Aurora 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
Aurora, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$4,148
$3,849
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, Ohio
Property taxes in Aurora, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 1.52%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44202 has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
1.52%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44202 | 1.38% | 1.47% | 1.52% | 1.63% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Ohio
In Aurora, 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 Summit 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 Aurora, 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. The median home price in Aurora is $272,875, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $3,045, while at the 75th percentile, it is $5,499. The highest median tax bill in Aurora is $4,087 in the 44202 zip code, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aurora Assessed Value
$272,875
Average Summit County Assessed Value
$168,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44202 | $132,540 | $207,435 | $272,875 | $353,470 | $406,832 |
Source: Ownwell
Property Tax Bills Across Aurora, Ohio
In Aurora, located in Summit County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements or renovations can influence the assessed value. For homeowners in Aurora, the median home price is $272,875. Property tax bills vary significantly, with the 25th percentile at $3,045 and the 75th percentile at $5,499. The highest median tax bill in the area is $4,087, which is notably higher than the national median property tax rate of 0.99%. This means homeowners in Aurora might face higher property taxes compared to the national average, impacting their overall housing costs. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Aurora Tax Bill
$4,087
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44202 | $2,162 | $3,045 | $4,087 | $5,499 | $6,217 |
Source: Ownwell