Burghill, Ohio Property Taxes
The median property tax rate in Burghill, OH is 1.66%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $105,600 in Burghill, the typical annual property tax bill amounts to $1,684, which is below the national median of $2,690. Property taxes in Burghill are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Burghill'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 Burghill 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
Burghill, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,753
Ownwell’s Burghill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Burghill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burghill to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down to find localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Burghill, Ohio
Property taxes in Burghill, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burghill is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Burghill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burghill 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 Burghill's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44404 zip code has both the highest and lowest median property tax rate of 1.66%. Understanding how these cities compare with Burghill 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 Burghill Tax Rate
1.66%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burghill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44404 | 1.19% | 1.41% | 1.66% | 1.70% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Burghill, Ohio
In Burghill, 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 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 Burghill, 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 Burghill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Burghill is $105,600, with tax bills ranging from $1,196 at the 25th percentile to $3,316 at the 90th percentile. The highest and lowest median tax bills are both $1,684 in zip code 44404.
Average Burghill Assessed Value
$105,600
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 Burghill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44404 | $49,400 | $76,600 | $105,600 | $150,100 | $213,000 |
Source: Ownwell
Property Tax Bills Across Burghill, Ohio
In Burghill, Trumbull County, OH, property tax bills are determined based on the assessed value of a homeowner's property. The assessed value is a percentage of the market value, which is determined by the county's appraisal district. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. The tax rate in Trumbull County varies but is influenced by the local government's budgetary needs and voter-approved levies. Homeowners in Burghill experience a range of property tax bills. For instance, the 25th percentile tax bill is approximately $1,196, while the 75th percentile tax bill reaches around $2,328. At the higher end, the 90th percentile tax bill can be as much as $3,316. The median property tax bill in the area is $1,684, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Burghill Tax Bill
$1,684
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Burghill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44404 | $737 | $1,196 | $1,684 | $2,328 | $3,316 |
Source: Ownwell