Cortland, Mahoning County, Ohio Property Taxes

Name: Property Tax Bills Across Cortland, Mahoning County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cortland, OH effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Cortland, OH home value: $68,390
Median annual Cortland, OH tax bill: $1,508, $892 lower than the national median property tax bill of $2,400.

How are property taxes in Mahoning calculated?

Property taxes in Cortland, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cortland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cortland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cortland, Mahoning County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$1,511

$1,403

Ownwell’s Cortland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cortland with just two data points. By entering your property's estimated assessed value, our calculator applies Cortland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Mahoning County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cortland, Mahoning County, Ohio

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cortland’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. Cortland, located in Trumbull County, has a higher property tax rate compared to the national median of 1.02%. This means that property owners in this area might face higher tax bills compared to the national average of $2,400. However, when compared to Mahoning County, Cortland’s rate is lower, offering a more favorable tax environment within the region. Understanding these differences can help property owners make informed decisions about their investments and potential savings through property tax appeals.

Property Tax Rates Across Cortland, Mahoning County, Ohio

Source: Ownwell

1.39%

1.87%

2.35%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cortland Tax Rate

2.21%

Median Effective Mahoning County Tax Rate

1.98%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cortland, Mahoning County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44410	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cortland, Mahoning County, Ohio

When examining property taxes in Cortland, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mahoning County Auditor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Mahoning County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cortland.

For example, the median home price in Cortland is $68,390, with tax bills ranging significantly across the county. The tax bill at the 90th percentile is $1,508.

Property Tax Assessment Values Across Cortland, Mahoning County, Ohio

Source: Ownwell

$16,915

$99,008

$181,100

Median Cortland Market Value

$68,390

Median Mahoning County Market Value

$80,890

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cortland, Mahoning County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44410	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cortland, Mahoning County, Ohio

In Cortland, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cortland is $68,390. Property taxes are determined by multiplying the assessed value by the local tax rate. In Mahoning County, where Cortland is located, property tax bills vary, with the 25th, 75th, and 90th percentiles all at $1,508. This figure is significantly lower than the national median property tax bill of $2,400. Factors such as property location, market conditions, and local government budgets influence the tax rate.

High property taxes can be a burden for homeowners, affecting their overall financial health. Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners secure fairer tax bills, ensuring they are not overpaying. This service can lead to substantial savings, making homeownership more affordable and financially sustainable.

Property Tax Bills Across Cortland, Mahoning County, Ohio

Source: Ownwell

$326

$1,808

$3,290

Median Cortland Tax Bill

$1,508

Median Mahoning County Tax Bill

$1,534

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Cortland, Mahoning County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44410	N/A	N/A	N/A	N/A	N/A

Source: Ownwell