Youngstown, Trumbull County, Ohio Property Taxes
The median property tax rate in Youngstown, OH is 2.28%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Youngstown at $83,300, the typical annual property tax bill reaches $1,813, which is still below the national median of $2,690. Property taxes in Youngstown are calculated based on the assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Youngstown'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 Youngstown or another part of Trumbull County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Youngstown, Trumbull County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$1,899
$1,762
Ownwell’s Youngstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngstown 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 Youngstown, Trumbull County, Ohio
Property taxes in Youngstown, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngstown is 2.28%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Youngstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngstown 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 Youngstown's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44504 zip code has the highest median property tax rate of 2.37%, while the 44505 zip code has the lowest median tax rate of 2.28%. Understanding how these areas compare with Youngstown 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 Youngstown Tax Rate
2.28%
Average Trumbull County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngstown, Trumbull County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44504 | 2.36% | 2.36% | 2.37% | 2.39% | 2.41% |
| 44505 | 1.54% | 2.04% | 2.28% | 2.34% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Youngstown, Trumbull County, Ohio
In Youngstown, 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 Youngstown, 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. For instance, the highest median tax bill in the area is $1,832 in the 44505 zip code, while the lowest median tax bill is $631 in the 44504 zip code. 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 Youngstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Youngstown, Trumbull County, Ohio
Source: Ownwell
$26,700
$106,850
$187,000
Average Youngstown Assessed Value
$83,300
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 Youngstown, Trumbull County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44504 | $16,500 | $19,025 | $26,700 | $29,150 | $31,730 |
| 44505 | $43,000 | $63,200 | $84,100 | $112,750 | $154,000 |
Source: Ownwell
Property Tax Bills Across Youngstown, Trumbull County, Ohio
In Youngstown, property tax bills are calculated based on the assessed value of a home, which is determined by the Trumbull County Auditor. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate. Factors such as property location, home size, and improvements can influence the assessed value. For example, the median home price in Youngstown is $83,300, and property tax bills can vary significantly. The 25th percentile tax bill is $1,272, while the 75th percentile reaches $2,538. Homeowners in the 90th percentile can expect to pay around $3,484. The highest median tax bill in the area is $1,832 in the 44505 zip code, whereas the lowest is $631 in the 44504 zip code. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their ability to sell their homes. Comparing these figures to the national median property tax rate of 0.99%, Youngstown's property tax rates can be seen as relatively moderate but still significant for local homeowners.
Average Youngstown Tax Bill
$1,813
Average Trumbull County Tax Bill
$1,518
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngstown, Trumbull County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44504 | $397 | $454 | $631 | $691 | $752 |
| 44505 | $844 | $1,301 | $1,832 | $2,561 | $3,495 |
Source: Ownwell