Bristolville, Ohio Property Taxes
The median property tax rate in Bristolville, OH is 1.56%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $123,450 in Bristolville, the typical annual property tax bill amounts to $1,847, which is below the national median of $2,690. Property taxes in Bristolville are determined based on the assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bristolville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Bristolville or another part of Trumbull County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bristolville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,926
$1,787
Ownwell’s Bristolville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bristolville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bristolville 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 Bristolville, Ohio
Property taxes in Bristolville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristolville is 1.56%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bristolville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristolville 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 Bristolville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44402 has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Bristolville provides valuable insights into the varying tax landscape across Trumbull County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bristolville Tax Rate
1.56%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bristolville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44402 | 1.15% | 1.41% | 1.56% | 1.59% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Bristolville, Ohio
In Bristolville, 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 Trumbull County Auditor 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 Bristolville, 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 Bristolville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bristolville are both $1,847 in zip code 44402.
Average Bristolville Assessed Value
$123,450
Average Trumbull County Assessed Value
$82,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bristolville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44402 | $45,870 | $83,325 | $123,450 | $170,325 | $221,760 |
Source: Ownwell
Property Tax Bills Across Bristolville, Ohio
Property tax bills in Bristolville, located in Trumbull 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 is a percentage of the market value of the property. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners in Bristolville, the median home price is $123,450. The property tax rate in this area is influenced by various local levies and the overall budget needs of the county. Homeowners can expect to pay a property tax bill that varies significantly, with the 25th percentile at $1,250 and the 75th percentile at $2,609. At the 90th percentile, tax bills can reach up to $3,454. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly affecting the quality of life in the community. Comparatively, the national median property tax rate is 0.99%, indicating that Bristolville's property tax rates are within a comparable range.
Average Bristolville Tax Bill
$1,847
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bristolville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44402 | $714 | $1,250 | $1,847 | $2,609 | $3,454 |
Source: Ownwell