Example of Mahoning County Property Tax Calculation
Mahoning County Property Tax calculation is based on the assessed value of a property, which is determined by the county auditor's office. The assessed value is then multiplied by the tax rate, which is set by the county commissioners.
For example, if a property in Mahoning County has an assessed value of $100,000 and the tax rate is 2%, the property owner would owe $2,000 in property taxes for the year.
It is important to note that property taxes in Mahoning County are paid twice a year, with half of the total amount due by February 15th and the other half due by July 15th.
Property owners can also qualify for certain exemptions or reductions in their property taxes, such as the Homestead Exemption for senior citizens or disabled individuals.
Overall, understanding the Mahoning County Property Tax calculation can help property owners budget and plan for their tax payments each year.
If you want appeal your property tax assessment - contact your local tax assessor.
Mahoning County Property Tax Rates
Below is a table listing the Mahoning County Property Tax rates in US dollars, per $100 of assessed value:
| Tax Type | Rate per $100 Assessed Value |
|---|---|
| County General Fund | $3.84 |
| County Children Services | $0.50 |
| County Mental Health and Recovery | $0.40 |
| County Developmental Disabilities | $0.50 |
| County Health District | $0.60 |
| County Children and Youth Services | $0.50 |
| County Motor Vehicle License Tax | $7.50 |
| County Senior Services | $0.25 |
| County 911 System | $1.50 |
| County Port Authority | $0.10 |
| Municipalities (varies by location) | Varies |
It's important to note that the rates for municipalities in Mahoning County vary by location.
Who sets property tax rates in Mahoning County ?
Who sets property tax rates in Mahoning County?
The property tax rates in Mahoning County are determined by two entities: the local government and the Ohio Department of Taxation.
The local government comprises the Board of County Commissioners, the county auditor, and the county treasurer. They work together to assess the value of properties and determine the amount of tax that property owners must pay.
The Ohio Department of Taxation oversees the property tax system and ensures that it is fair and consistent across the state. They also provide guidance to local government officials on how to calculate property tax rates.
When are property tax rates set in Mahoning County?
Property tax rates in Mahoning County are set annually in the fall. The Board of County Commissioners holds a public hearing to review the proposed tax rates and gather feedback from residents. After the hearing, the board votes on the final tax rates, which are then published and sent to property owners. The due date for property tax payments is typically in January of the following year.
Homestead exemptions in Mahoning County ?
In Mahoning County, Ohio, there are several Homestead exemptions and deductions that homeowners may be eligible for. To make it easy for you to understand, below is a table with four columns: exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Homeowners | Up to $25,000 | Must be the primary residence |
| Senior Citizen Homestead Exemption | Homeowners 65 or older | Up to $32,800 | Must meet certain income requirements |
| Disabled Veterans' Homestead Exemption | Eligible disabled veterans | Up to $50,000 | Must have a service-connected disability rating of 100% |
| Homestead Exemption for Surviving Spouses of Veterans | Surviving spouses of eligible veterans | Up to $25,000 | Must have been married to the veteran at the time of their death and own the property |
| Residential Treatment Facility Homestead Exemption | Residential treatment facilities | Up to $20,000 | Certain requirements must be met |
| Agricultural Use Valuation | Agricultural landowners | Varies | Property must be used for agricultural purposes |
It's important to note that these exemptions and deductions are specific to Mahoning County in Ohio. Homeowners should check with their local tax assessor's office to determine their eligibility and how to apply for these exemptions.
When is Mahoning County Property Tax due ?
Mahoning County Property Tax is typically due on July 20th of each year. Property owners in Mahoning County can make their tax payments through various methods, including:
- Online: Taxpayers can pay their property taxes online through the Mahoning County Treasurer's website. Payments can be made using a credit card or e-check.
- Mail: Property owners can mail their tax payment to the Mahoning County Treasurer's Office. The payment must be postmarked by the due date to avoid penalty fees.
- In-person: Taxpayers can also make their payment in person at the Mahoning County Treasurer's Office. The office is located at 120 Market Street, Youngstown, Ohio.
It is important to note that if the due date falls on a weekend or holiday, the deadline will be extended to the next business day. Additionally, late payments will face penalties and interest charges.
Overall, Mahoning County provides multiple payment options for property owners to ensure timely and convenient payment of their property taxes.
If you have more questions - contact your local tax collector.
How is Mahoning County Property Tax penalty calculated ?
Mahoning County calculates property tax penalties based on the amount of delinquent taxes owed and the length of time past the due date. The penalty begins accruing on the day after the due date and increases each month thereafter.
Here is an example of how the penalty is calculated:
| Due Date | Amount Due | Delinquent by | Penalty Rate | Penalty |
|---|---|---|---|---|
| 01/31/21 | $1,000 | 03/31/21 | 5% | $50 |
| 01/31/21 | $1,000 | 05/31/21 | 10% | $100 |
| 01/31/21 | $1,000 | 07/31/21 | 15% | $150 |
In this example, the property owner owes $1,000 in property taxes that were due on January 31, 2021. If they fail to pay by the due date, they will incur a 5% penalty ($50) that begins accruing on February 1, 2021. If the taxes remain unpaid by March 31, 2021, the penalty rate increases to 10% ($100). Similarly, if the taxes are still unpaid by May 31, 2021, the penalty rate increases to 15% ($150).
It is important for property owners in Mahoning County to pay their property taxes on time to avoid accruing penalties and interest. If they are unable to pay in full by the due date, they may be able to set up a payment plan with the county treasurer's office to avoid further penalties.
We recommend contacting the Mahoning County Tax Office or a local tax professional for the most up-to-date and accurate information.