Medina, Summit County, Ohio Property Taxes
Median Medina, OH effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Medina, OH home value: $349,730
Median annual Medina, OH tax bill: $5,635, $3,235 higher than the national median property tax bill of $2,400.
How are property taxes in Summit County calculated?
Property taxes in Medina, 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 Medina’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Medina, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Medina, Summit County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$5,491
$5,095
Property Tax Rates Across Medina, Summit County, Ohio
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 Medina Tax Rate
1.57%
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 Summit County Tax Rate
1.63%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Medina, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44256 | 1.55% | 1.56% | 1.57% | 1.75% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Medina, Summit County, Ohio
When examining property taxes in Medina, 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 Summit County appraisal district 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 Summit County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Medina.
For example, the median home price in Medina is $349,730, with tax bills ranging significantly across the county. Zip code 44256 has the highest median home price at $349,730.
Property Tax Assessment Values Across Medina, Summit County, Ohio
Source: Ownwell
$45,690
$300,230
$554,770
Median Medina Market Value
$349,730
Median Summit County Market Value
$168,880
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Medina, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44256 | $271,638 | $295,865 | $349,730 | $382,845 | $399,316 |
Source: Ownwell
Property Tax Bills Across Medina, Summit County, Ohio
In Medina, located in Summit County, Ohio, property tax bills are calculated based on the assessed value of your home, which is determined by the county auditor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the property tax bill. In Medina, homeowners face a median property tax bill of $5,635, significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Factors such as property location, improvements, and market conditions can influence the assessed value, thereby affecting the tax bill. Ownwell assists homeowners by providing property tax appeal services, potentially lowering the assessed value and, consequently, the tax bill. Our team of experts can guide you through the appeal process, ensuring you only pay your fair share. By leveraging our services, Medina homeowners can achieve substantial savings on their property tax bills.
Median Medina Tax Bill
$5,635
Median Summit County Tax Bill
$2,683
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Medina, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44256 | $4,521 | $4,841 | $5,635 | $6,228 | $6,475 |
Source: Ownwell