There's more information available about how property tax values are expected to change in the coming year.

The Mahoning County Auditor has drilled down on the tentative increase in property values averaging 38% countywide.

Auditor Ralph Meachum has broken down the possible increases in each of the county’s 61 tax districts reflecting tentative market values for the Tax Year 2023 reappraisal.

 Meachum says Youngstown homeowners will see an average residential increase of 58%, Boardman and Austintown will see about 42%, while some of the rural townships will see ranges of 20% - 30%.

Here's a chart that displays the % increase in the Mahoning County Taxing Districts:

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Taxing District                                  % Increase  |

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01 SPRINGFIELD TWP SPRING LSD      |   26.49%    |

02 SPRINGFIELD TWP COL EVSD        |   27.05%    |

03 NEW MIDDLETOWN VILL SPRG LSD    |   34.90%    |

04 BEAVER TWP BDM SD               |   31.51%    |

05 BEAVER TWP SO RANGE SD          |   20.18%    |

06 GREEN TWP WESTERN RES SD        |   49.24%    |

08 BEAVER TWP CANF SD              |   22.82%    |

09 GREEN TWP SO RANGE SD           |   26.80%    |

10 GREEN TWP LEETONIA SD           |   28.64%    |

11 GREEN TWP WASH VIL LEET EVSD    |   37.99%    |

12 GREEN TWP CANFIELD SD           |   26.88%    |

13 GOSHEN TWP WEST BRANCH LSD      |   31.27%    |

15 SMITH TWP SEBRING LOCAL SD      |   39.76%    |

16 SMITH TWP WEST BRANCH SD        |   33.72%    |

17 SMITH TWP BELOIT VIL WBLSD      |   28.80%    |

18 SMITH TWP ALLIANCE CITY CSD     |   36.65%    |

19 SMITH TWP ALLIANCE CITY SD      |   33.01%    |

20 SEBRING VILL WEST BRANCH SD     |   34.71%    |

21 SEBRING VILL SEBRING LSD        |   48.22%    |

22 BERLIN TWP WEST RESV LSD        |   31.05%    |

23 ELLSWORTH TWP WESTERN RES SD    |   23.99%    |

24 ELLSWORTH TWP JACKSON MILT SD   |   22.92%    |

25 ELLSWORTH TWP CANFIELD SD       |   24.79%    |

26 CANFIELD TWP CANFIELD LSD       |   28.37%    |

27 CANFIELD TWP BOARDMAN SD        |   35.31%    |

28 CANFIELD CITY CANFIELD LSD      |   37.38%    |

29 BOARDMAN TWP BOARDMAN LSD       |   41.74%    |

30 BOARDMAN TWP POLAND SD         |   39.52%    |

31 BOARDMAN TWP YOUNGSTOWN SD      |   58.72%    |

32 BOARDMAN TWP CANFIELD SD        |   33.18%    |

33 CRAIG BEACH VILLAGE JMLSD       |   43.16%    |

35 POLAND TWP POLAND LSD           |   35.47%    |

36 POLAND TWP POLAND VILL POL LSD  |   29.15%    |

38 STRUTHERS CITY STRUTHERS SD     |   51.30%    |

39 POLAND TWP STRUTHERS SD         |   42.08%    |

40 LOWELLVILLE VILL LOWELLV LSD    |   26.49%    |

41 POLAND TWP LOWELLVILLE SD       |   32.42%    |

42 COITSVILLE TWP YOUNGSTOWN SD    |   31.47%    |

43 BEAVER TWP COLUMBIANA SD        |   21.76%    |

44 CAMPBELL CITY YOUNGSTOWN SD     |   36.67%    |

45 COITSVILLE TWP STRUTHERS SD     |   26.46%    |

46 CAMPBELL CITY CAMPBELL SD       |   50.05%    |

47 COITSVILLE TWP CAMPBELL SD      |   6.15%     |

48 AUSTINTOWN TWP AUSTINTOWN LSD   |   42.79%    |

49 AUST WEATHERSFIELD SD           |   38.55%    |

50 JACKSON TWP JACKSON MILTON SD   |   26.40%    |

51 MILTON TWP JACKSON MILTON LSD   |   41.67%    |

52 COITSVILLE TWP LOWELLVILLE SD   |   27.29%    |

53 YOUNGSTOWN CITY YOUNGSTOWN CSD  |   57.94%    |

54 FAIRFIELD TWP COL CITY EVSD   |   36.93%    |

55 COITSVILLE TWP HUBBARD SD       |   28.24%    |

56 PERRY TWP SALEM CITY SRSD       |   0.00%     |

61 BEAVER TWP COLUMBIANA CITY SD   |   0.00%     |

Total Average Residential Increase |   38.14%    |

Excluding CAUV, New Construction, Demolition, Splits and Plats, etc.) 

Auditor Meacham pointed out that over the past few years, housing market values have been steadily on the rise, not only in Mahoning County but across the entire state. According to the Ohio Department of Taxation, 41 out of Ohio's 88 counties are either undergoing a reappraisal or a triennial update for Tax Year 2023. The chart below gives you a glimpse of the percentage increases happening in many of these counties.

 

 

The Ohio Department of Taxation recommends something called a 'sales ratio,' which is the ratio between market value and sale price, to be around 91%. These sale prices are based on actual home sales in Ohio throughout the year. However, in 2021-2022, as sale prices shot up, the sales ratio dropped as low as 68%. A reappraisal helps bring that sales ratio back in line with the state's recommendations, as Auditor Meacham explains.

The Youngstown Columbiana Association of Realtors has been noticing a consistent decrease in the number of newly listed properties for 2021, 2022, and 2023. That combined with historically low interest rates has resulted in high sale prices in Ohio.

Those who qualified for the Homestead Exemption and had a property value under $25,000 before the reappraisal might have only been paying special assessments. If your new value goes above $25,000, you might find yourself owing property taxes as well.

House Bill 920, which became law in 1976, ensures that tax rates are adjusted so that taxing authorities like schools, townships, and cities don't collect more money than what the voters approved. Auditor Meacham emphasizes that your percentage increase in property value doesn't necessarily mean an equal percentage increase in property taxes. Keep this in mind, especially if levies are approved in the upcoming November 2023 election. They'll be adjusted based on the 2023 values for taxes payable in 2024. But you won't know your actual tax bill for 2024 until the Ohio Department of Taxation calculates the effective tax rates in December.

If you're curious about your new tentative property values and the percentage of increase in your taxing district, you can check out the Reappraisal page on the Auditor's website at Auditor | Mahoning County, OH (mahoningcountyoh.gov), or call the Reappraisal Hotline at 330-740-2758.

If you want to chat with an appraiser about your new tentative value, the Auditor hosts informal review sessions in October and, if needed, in November. You can schedule one of these sessions through the Auditor's website or by giving a buzz to the Reappraisal Hotline. The sessions can be done virtually or by phone.

Tentative values will be all finalized in December, and you'll receive the numbers for your property tax amounts sometime in mid-January 2024.