Jackson, Ohio Property Taxes
The median property tax rate in Jackson, Ohio is 2.08%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Jackson, the typical annual property tax bill reaches $750, which is below the national median of $2,690. Property taxes in Jackson 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 Jackson'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 Jackson 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
Jackson, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$810
Ownwell’s JACKSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JACKSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JACKSON 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 Jackson, Ohio
Property taxes in Jackson, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson is 1.75%, which is significantly higher than the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45640 zip code has the highest median property tax rate of 1.75%, while the same 45640 zip code also has the lowest median tax rate of 1.75%. Understanding how Jackson compares with other areas provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Jackson Tax Rate
2.08%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45640 | 1.92% | 2.07% | 2.08% | 2.08% | 3.22% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, Ohio
In Jackson, 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 Franklin 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. In Jackson, 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Jackson is $750.00 in zip code 45640, while the lowest median tax bill is also $750.00 in the same zip code.
Average Jackson Assessed Value
$38,950
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45640 | $10,100 | $19,150 | $38,950 | $49,575 | $128,350 |
Source: Ownwell
Property Tax Bills Across Jackson, Ohio
In Jackson, within Franklin County, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Jackson stands at $38,950. Property taxes are determined by multiplying the assessed value by the local tax rate, which in Jackson is 0.99%, aligning with the national median property tax rate. Homeowners in Jackson can expect tax bills that vary significantly within different percentiles. For instance, those in the 25th percentile pay around $498, while those in the 75th percentile see bills closer to $875. At the higher end, the 90th percentile tax bill reaches approximately $1,389. These tax bills impact homeowners by influencing their annual housing costs, potentially affecting affordability and long-term financial planning. Notably, the highest and lowest median tax bills in Jackson are both recorded at $750, indicating a relatively stable range within the city. Understanding these factors is crucial for homeowners to manage their budgets effectively.
Average Jackson Tax Bill
$750
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45640 | $292 | $498 | $750 | $875 | $1,389 |
Source: Ownwell