Johnstown, Ohio Property Taxes
The median property tax rate in Johnstown, OH is 2.28%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Johnstown at $215,950, the typical annual property tax bill reaches $4,793, exceeding the national median of $2,690. Property taxes in Johnstown 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 Johnstown'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 Johnstown or another part of Licking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnstown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$4,924
Ownwell’s Johnstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnstown 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 Johnstown, Ohio
Property taxes in Johnstown, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnstown is 2.28%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Johnstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnstown 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 Johnstown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43031 zip code has the highest median property tax rate of 2.28%, while the same zip code also has the lowest median tax rate of 2.28%. Understanding how these cities compare with Johnstown provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnstown Tax Rate
2.28%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43031 | 1.99% | 2.25% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Johnstown, Ohio
In Johnstown, 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 Licking 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 Johnstown, 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. The median home price in Johnstown is $215,950, with tax bills ranging from $2,863 at the 25th percentile to $8,388 at the 90th percentile. The highest and lowest median tax bills are both $4,793 in the 43031 zip code. Being aware of these valuation processes in Johnstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnstown Assessed Value
$215,950
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43031 | $57,260 | $129,000 | $215,950 | $301,750 | $395,000 |
Source: Ownwell
Property Tax Bills Across Johnstown, Ohio
In Johnstown, located in Licking County, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This value is typically a percentage of the property's market value. For instance, with a median home price of $215,950, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $2,863, whereas those in the 75th percentile might see bills as high as $6,670. At the 90th percentile, tax bills can reach up to $8,388. Several factors influence these amounts, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the rates in Johnstown reflect the local government's needs and budgetary requirements. These taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners should carefully consider these factors when budgeting for their annual expenses.
Average Johnstown Tax Bill
$4,793
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43031 | $1,232 | $2,863 | $4,793 | $6,670 | $8,388 |
Source: Ownwell