Portage County Tax Rates
Portage County Tax Rates
2005.PDF
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Local
Tax Rates
Real Estate (Assessment
Ratio to Market Value)
35% multiplied by individual tax district
Trailer 38% multiplied by individual tax district
Personal Property 18.75%
Transfer $3 per $1,000 of the selling price
Cigarette vendor license $30
Wholesale vendor license $200
Vendor's license $25 |
Local
Income Tax Rates
Aurora City 2%
Kent City 2%
Ravenna City 2%
Streetsboro City 1%
Garrettsville Village 1.50%
Hiram Village 2%
Mantua Village 1.50%
Mogadore Village 1.50%
Windham Village 1% |
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Portage
County Tax Rates
Real Property Values
Residential & Agricultural
(1999/2000) $1,504,129,160 / $1,793,216,650
All other except Public Utility
(1999/2000) $356,271,310 / $436,207,680
Public Utility
Real (1999/2000) $673,010 / $622,670
Personal (1999/2000) $140,428,080 / $117,478,350
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Total
Tangible Personal Property
(1999/2000) $226,850,136 / $246,532,905
Total Manufactured Home (1999) $21,441,811
Manufactured Homes
Like Real (2000) $4,864,380
Depreciated (2000) $18,257,126
Total All Taxable Property
(1999/2000) $2,249,793,507 / $2,617,179,761
Source: Portage County
Auditor's Office
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Portage County
Real Estate Taxes
According to Portage County Auditor
Janet Esposito, two factors determine the amount of real estate
taxes paid on a piece of property in Ohio - its market value and the
effective millage of the subdivisions (cities, villages, townships,
county and schools) in which the property is located.
The state tax
commissioner and county auditor's offices determine the property's
market value, with property taxes assessed at 35 percent of that
market value. The effective millage rate varies from one community
to another within the county.
A mill equals $1
for each $1,000 of taxable value of a property. Thus, if a home has
an auditor-assessed market value of $100,000, it would have a tax
value of $35,000. The tax office would then apply its effective millage rate, say 70 mills, against the tax value, making the
property taxes $2,450 per year ($35,000/1000 x 70).
Beyond this simple
formula, state laws allow for several reductions, some based on
homeowner's age and/or disabilities, income, and land use.
For more
information, contact the Portage County Auditor's office, Portage
County Administration Building, 449 S. Meridian St., Ravenna OH
44266, (330) 297-3561, fax (330) 267-4560, e-mail
jesposito@portageco.com
Information
provided by the Portage County Auditor's office. |
Portage County Tax Rates
2005.PDF |
