Hudson, Ohio Property Taxes
The median property tax rate in Hudson, OH is 1.58%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Hudson at $419,910, the typical annual property tax bill reaches $6,582, exceeding the national median of $2,690. Property taxes in Hudson 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 Hudson'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 Hudson 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
Hudson, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$6,635
$6,157
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Ohio
Property taxes in Hudson, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 1.58%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other areas in Summit County and the national median. For comparison, the 44224 zip code has the highest median property tax rate of 1.61%, while the 44236 zip code has the lowest median tax rate of 1.58%. Understanding how these areas compare with Hudson 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 Hudson Tax Rate
1.58%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44224 | 1.54% | 1.57% | 1.61% | 1.65% | 1.68% |
| 44236 | 1.41% | 1.52% | 1.58% | 1.66% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Ohio
In Hudson, 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 Fiscal Office 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 Hudson, 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 highest median tax bill in the area is $6,582 in the 44236 zip code, while the lowest is $4,210 in the 44224 zip code. 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hudson Assessed Value
$419,910
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 Hudson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44224 | $226,346 | $240,410 | $263,850 | $287,290 | $301,354 |
| 44236 | $263,162 | $325,620 | $419,960 | $527,490 | $658,968 |
Source: Ownwell
Property Tax Bills Across Hudson, Ohio
In Hudson, 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 of the property, and this figure is then multiplied by the tax rate set by Summit County. For example, with a median home price of $419,910, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $5,119, while at the 75th percentile, they can reach up to $8,385, and at the 90th percentile, they may be as high as $10,700. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life in Hudson. Compared to the national median property tax rate of 0.99%, Hudson's rates can seem substantial, reflecting the area's commitment to maintaining high standards in community services. Homeowners must consider these costs when budgeting for their homes, as they represent a significant ongoing expense.
Average Hudson Tax Bill
$6,582
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44224 | $3,789 | $3,947 | $4,210 | $4,474 | $4,632 |
| 44236 | $4,062 | $5,119 | $6,582 | $8,386 | $10,700 |
Source: Ownwell