Mineral Ridge, Trumbull County, Ohio Property Taxes
Median Mineral Ridge, OH effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but equal to the Ohio state median of 1.80%.
Median Mineral Ridge, OH home value: $108,200
Median annual Mineral Ridge, OH tax bill: $1,844, $556 lower than the national median property tax bill of $2,400.
How are property taxes in Trumbull calculated?
Property taxes in Mineral Ridge, 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 Mineral Ridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mineral Ridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mineral Ridge, Trumbull County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$1,948
$1,807
Ownwell’s Mineral Ridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mineral Ridge with just two data points.
By entering your property's estimated assessed value, our calculator applies Mineral Ridge’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 Trumbull County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mineral Ridge, Trumbull County, Ohio
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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.
In Mineral Ridge, located in Trumbull County, Ohio, the effective property tax rate stands at 1.80%. This is significantly higher than the national median property tax rate of 1.02%. The median property tax bill in Mineral Ridge aligns with the county's rate, reflecting the local government's budgeting needs and the assessed value of properties. This rate is consistent across Trumbull County, making it the highest and lowest in the region. Comparing this to the state's median, Mineral Ridge's rate exemplifies how local tax policies can differ from broader state and national trends. Understanding these variations can empower property owners to make informed decisions about potential tax appeals and exemptions.
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 Mineral Ridge Tax Rate
1.80%
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 Trumbull County Tax Rate
1.84%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mineral Ridge, Trumbull County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44440 | 1.34% | 1.56% | 1.80% | 1.84% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Mineral Ridge, Trumbull County, Ohio
When examining property taxes in Mineral Ridge, 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 Trumbull 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.
Assessment notices: In Trumbull 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 Mineral Ridge. For example, the median home price in Mineral Ridge is $108,200, with tax bills ranging significantly across the county. Zip code 44440 has the highest median home price at $108,200.
Property Tax Assessment Values Across Mineral Ridge, Trumbull County, Ohio
Source: Ownwell
$26,700
$106,850
$187,000
Median Mineral Ridge Market Value
$108,200
Median Trumbull County Market Value
$82,000
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mineral Ridge, Trumbull County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44440 | $51,520 | $74,125 | $108,200 | $149,050 | $212,770 |
Source: Ownwell
Property Tax Bills Across Mineral Ridge, Trumbull County, Ohio
In Mineral Ridge, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal process. The median home price in the area is $108,200, and the property tax bill can vary significantly depending on the assessed value and the local tax rate. For instance, the 25th percentile tax bill is $1,236, while the 75th percentile reaches $2,604, indicating a broad range based on property value and applicable exemptions. Homeowners in Mineral Ridge may find their property tax bills higher than the national median bill of $2,400, given the area's specific valuation and taxation criteria.
Ownwell offers a solution for homeowners looking to reduce their property tax bills by providing expert property tax appeal services. By leveraging local market insights and appraisal data, Ownwell helps homeowners identify discrepancies in property assessments and navigate the appeal process efficiently. This can lead to significant savings, ensuring homeowners are not overpaying on their property taxes and aligning their bills more closely with the actual value of their homes.
Median Mineral Ridge Tax Bill
$1,844
Median Trumbull County Tax Bill
$1,518
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Mineral Ridge, Trumbull County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44440 | $816 | $1,236 | $1,844 | $2,604 | $3,748 |
Source: Ownwell