Stow, Summit County, Ohio Property Taxes

Name: Property Tax Bills Across Stow, Summit County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Stow, OH effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Stow, OH home value: $223,525
Median annual Stow, OH tax bill: $3,854, $1,454 higher than the national median property tax bill of $2,400.

How are property taxes in Summit calculated?

Property taxes in Stow, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Stow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Stow, Summit County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$3,934

$3,651

Ownwell’s Stow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stow with just two data points. By entering your property's estimated assessed value, our calculator applies Stow’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Summit County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Stow, Summit County, Ohio

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Stow, located in Summit County, Ohio, the effective property tax rate is 1.76%, which is higher than the national median property tax rate of 1.02%. This means that property owners in Stow pay a higher percentage of their property's assessed value in taxes compared to the national average. However, this rate is consistent across Summit County, reflecting a uniform approach within the region. When considering property investments or relocations, understanding these tax implications is crucial. Comparing Stow’s rate to other cities in Ohio and the national median can provide valuable insights into the local tax landscape and help property owners make informed decisions.

Property Tax Rates Across Stow, Summit County, Ohio

Source: Ownwell

1.28%

1.60%

1.93%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Stow Tax Rate

1.76%

Median Effective Summit County Tax Rate

1.63%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Stow, Summit County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44224	1.53%	1.68%	1.76%	1.87%	2.02%

Source: Ownwell

Property Tax Assessment Values Across Stow, Summit County, Ohio

When examining property taxes in Stow, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Summit County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Summit County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Stow. For example, the median home price in Stow is $223,525, with tax bills ranging significantly across the county. Zip code 44224 has the highest median home price at $223,525.

Property Tax Assessment Values Across Stow, Summit County, Ohio

Source: Ownwell

$45,690

$300,230

$554,770

Median Stow Market Value

$223,525

Median Summit County Market Value

$168,880

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Stow, Summit County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44224	$124,601	$170,955	$223,525	$288,140	$353,920

Source: Ownwell

Property Tax Bills Across Stow, Summit County, Ohio

In Stow, located in Summit County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Stow is $223,525. Homeowners in this area often face property tax bills higher than the national median of $2,400, with the 25th percentile at $2,905 and the 75th percentile reaching $5,152. These figures highlight the potential burden on homeowners, especially when compared to the national median property tax rate of 1.02%. The highest and lowest median tax bills in Stow both stand at $3,854, indicating a consistent tax environment across the area. Ownwell provides valuable assistance to homeowners by offering property tax appeal and exemption services. By analyzing property assessments and local tax rates, Ownwell helps identify discrepancies that could lead to significant savings. This service can be especially beneficial in Stow, where property tax bills can substantially impact household finances.

Property Tax Bills Across Stow, Summit County, Ohio

Source: Ownwell

$760

$5,379

$9,997

Median Stow Tax Bill

$3,854

Median Summit County Tax Bill

$2,683

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Stow, Summit County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44224	$2,040	$2,905	$3,854	$5,152	$6,480

Source: Ownwell