Windham, Ohio Property Taxes
The median property tax rate in Windham, OH is 1.39%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Windham at $146,700, the typical annual property tax bill reaches $1,941, which exceeds the national median of $2,690. Property taxes in Windham 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 Windham'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 Windham 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
Windham, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$2,039
$1,892
Ownwell’s Windham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windham 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 Windham, Ohio
Property taxes in Windham, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windham is 1.39%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Windham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windham 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 Windham's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44288 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Windham provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windham Tax Rate
1.39%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44288 | 1.02% | 1.18% | 1.39% | 1.49% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Windham, Ohio
In Windham, 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 Windham, 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 Windham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Windham both stand at $1941 in the 44288 zip code, reflecting the uniformity in property tax assessments across the area.
Average Windham Assessed Value
$146,700
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 Windham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44288 | $61,400 | $90,425 | $146,700 | $165,725 | $216,450 |
Source: Ownwell
Property Tax Bills Across Windham, Ohio
Property tax bills in Windham, located in Trumbull County, Ohio, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $146,700, the tax bill can vary significantly depending on the assessed value and the tax rate applied. The median property tax rate in Windham is comparable to the national median of 0.99%, but the actual tax bills can range widely. Homeowners in Windham can expect their property tax bills to fall between $1,066 at the 25th percentile and $2,472 at the 75th percentile, with the 90th percentile reaching up to $3,027. This variation is influenced by factors such as property size, location, and any applicable exemptions. Understanding these factors is crucial for homeowners as property taxes directly impact their annual financial planning and overall cost of homeownership.
Average Windham Tax Bill
$1,941
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Windham, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44288 | $549 | $1,066 | $1,941 | $2,472 | $3,027 |
Source: Ownwell