Mount Pleasant, Ohio Property Taxes
The median property tax rate in Mount Pleasant, OH is 2.54%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Mount Pleasant at $45,590, the typical annual property tax bill reaches $1,160, exceeding the national median of $2,690. Property taxes in Mount Pleasant 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 Mount Pleasant'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 Mount Pleasant or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Pleasant, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, Ohio
Property taxes in Mount Pleasant, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 2.54%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43939 zip code has the highest median property tax rate of 2.54%, while the same zip code also has the lowest median tax rate of 2.54%. Understanding how these cities compare with Mount Pleasant provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Pleasant Tax Rate
2.54%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43939 | 2.54% | 2.54% | 2.54% | 2.54% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Pleasant, Ohio. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by Jefferson County 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 Mount Pleasant, 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 Mount Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,160 in the 43939 zip code, while the lowest is also $1,160 in the same zip code.
Average Mount Pleasant Assessed Value
$45,590
Average Jefferson County Assessed Value
$67,215
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43939 | $9,153 | $28,565 | $45,590 | $64,302 | $97,508 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, Ohio
In Mount Pleasant, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County assessor. This assessed value is a percentage of the market value of the property. Factors such as the property's location, size, and condition are considered in the assessment process. The local tax rate is then applied to the assessed value to determine the annual property tax bill. For homeowners in Mount Pleasant, the median home price is $45,590. Property tax bills can vary significantly, with the 25th percentile at $726, the 75th percentile at $1,625, and the 90th percentile reaching up to $2,177. The highest median tax bill recorded in the area is $1,160 in the 43939 zip code, which aligns with the lowest median tax bill as well. Compared to the national median property tax rate of 0.99%, homeowners in Mount Pleasant experience a range of tax burdens that can significantly impact their annual expenses.
Average Mount Pleasant Tax Bill
$1,160
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43939 | $233 | $726 | $1,160 | $1,625 | $2,177 |
Source: Ownwell