Midvale, Ohio Property Taxes
The median property tax rate in Midvale, Ohio is 1.24%, slightly higher than the national median of 0.99% but notably lower than the Ohio state median of 1.80%. With the median home value in Midvale at $68,135, the typical annual property tax bill amounts to $804, which is below the national median of $2,690. Property taxes in Midvale are calculated based on the assessed value, typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Midvale'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 Midvale 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
Midvale, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$845
Ownwell’s Midvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Midvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midvale 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 Midvale, Ohio
Property taxes in Midvale, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Midvale is 1.24%, notably higher than the U.S. national median of 0.99%. Local government entities within Midvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Midvale 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 Midvale's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44653 has the highest median property tax rate of 1.24%, while the same zip code also represents the lowest median tax rate of 1.24%. Understanding how these areas compare with Midvale provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Midvale Tax Rate
1.24%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midvale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44653 | 0.85% | 1.21% | 1.24% | 1.24% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Midvale, Ohio
In Midvale, 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 Tuscarawas 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. 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 Midvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $804 in zip code 44653, while the lowest is also $804 in the same zip code, reflecting the uniformity in tax assessments within this region.
Average Midvale Assessed Value
$68,135
Average Tuscarawas County Assessed Value
$122,160
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Midvale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44653 | $12,293 | $38,048 | $68,135 | $90,995 | $108,649 |
Source: Ownwell
Property Tax Bills Across Midvale, Ohio
Property tax bills in Midvale, Tuscarawas County, OH, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For a median home price of $68,135, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $406, while the 75th percentile reaches $1,107, and the 90th percentile goes up to $1,320. The median property tax rate in Midvale aligns with the highest and lowest median tax bills recorded at $804 within the zip code 44653. This tax rate is crucial as it directly impacts homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Midvale's rates can be seen as relatively moderate, providing a balanced tax environment for its residents. Understanding these factors helps homeowners budget effectively and anticipate their financial obligations.
Average Midvale Tax Bill
$804
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Midvale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44653 | $165 | $406 | $804 | $1,107 | $1,320 |
Source: Ownwell