Winterville, Ohio Property Taxes
The median property tax rate in Winterville, OH is 1.43%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Winterville at $239,130, the typical annual property tax bill reaches $3,420, exceeding the national median of $2,690. Property taxes in Winterville 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 Winterville'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 Winterville 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
Winterville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$3,420
Ownwell’s Winterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winterville 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 Winterville, Ohio
Property taxes in Winterville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winterville is 1.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Winterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winterville 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 Winterville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 28590 zip code has the highest median property tax rate of 1.43%, while the 28590 zip code also has the lowest median tax rate of 1.43%. Understanding how these areas compare with Winterville 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 Winterville Tax Rate
1.43%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winterville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28590 | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Winterville, Ohio
In Winterville, 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 Winterville, 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 Winterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the 28590 zip code, with a value of $3,420.
Average Winterville Assessed Value
$239,130
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 Winterville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28590 | $239,130 | $239,130 | $239,130 | $239,130 | $239,130 |
Source: Ownwell
Property Tax Bills Across Winterville, Ohio
In Winterville, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements or renovations made to the home. In Summit County, where Winterville is located, the median home price is $239,130, and the median property tax bill is $3,420. This figure is significantly higher than the national median property tax rate of 0.99%, reflecting the local tax rate's impact on homeowners. Higher property taxes can affect homeowners by increasing their annual housing costs, potentially influencing their ability to afford other expenses or invest in home improvements. Understanding how property tax bills are calculated helps homeowners better anticipate their annual financial obligations and plan accordingly.
Average Winterville Tax Bill
$3,420
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Winterville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28590 | $3,420 | $3,420 | $3,420 | $3,420 | $3,420 |
Source: Ownwell