Pickerington, Ohio Property Taxes
The median property tax rate in Pickerington, OH is 1.61%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Pickerington at $290,000, the typical annual property tax bill reaches $4,524, exceeding the national median of $2,690. Property taxes in Pickerington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pickerington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pickerington or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pickerington, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$4,669
Ownwell’s Pickerington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickerington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickerington to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pickerington, Ohio
Property taxes in Pickerington, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickerington is 1.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pickerington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickerington estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pickerington's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43147 zip code in Pickerington has the highest median property tax rate of 1.61%, while the same zip code also records the lowest median tax rate of 1.61%. Understanding how these cities compare with Pickerington provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pickerington Tax Rate
1.61%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickerington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43147 | 1.37% | 1.52% | 1.61% | 1.66% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Pickerington, Ohio
In Pickerington, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Fairfield County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pickerington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pickerington, the highest median tax bill is $4,524 in the 43147 zip code, which also represents the lowest median tax bill in the area.
Average Pickerington Assessed Value
$290,000
Average Fairfield County Assessed Value
$224,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pickerington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43147 | $191,772 | $241,398 | $290,000 | $353,020 | $429,601 |
Source: Ownwell
Property Tax Bills Across Pickerington, Ohio
In Pickerington, Fairfield County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, determined by the county assessor. Homeowners in Pickerington can expect property tax rates that vary depending on several factors, including the home's location within the city and any applicable exemptions. For instance, the median home price in Pickerington is $290,000. Property tax bills in this area range significantly, with the 25th percentile at $3,503 and the 75th percentile at $5,597. The highest median tax bill recorded is $4,524, which aligns with the national median property tax rate of 0.99%. These figures illustrate how property tax obligations can vary widely within the same region, affecting homeowners differently based on their property's assessed value and other influencing factors. Understanding these nuances can help homeowners in Pickerington better anticipate their annual tax responsibilities and plan accordingly, ensuring they are well-prepared for potential financial obligations.
Average Pickerington Tax Bill
$4,524
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickerington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43147 | $2,612 | $3,503 | $4,524 | $5,597 | $6,838 |
Source: Ownwell