Jeromesville, Ohio Property Taxes
The median property tax rate in Jeromesville, OH is 1.73%, notably higher than the national median of 0.99% but slightly below Ohio's state median of 1.80%. With the median home value in Jeromesville at $205,030, the typical annual property tax bill amounts to $3,247, surpassing the national median of $2,690. Property taxes in Jeromesville are based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Familiarizing yourself with Jeromesville's property tax system, exploring available exemptions, and uncovering opportunities for reductions can result in substantial annual savings. Whether you're residing in Jeromesville or investing in real estate here, understanding the local property tax framework is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Jeromesville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$3,547
Ownwell’s Jeromesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeromesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeromesville 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 Jeromesville, Ohio
Property taxes in Jeromesville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeromesville is 1.73%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jeromesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeromesville 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 Jeromesville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44840 zip code has the highest median property tax rate of 1.73%, while the same 44840 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Jeromesville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jeromesville Tax Rate
1.73%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jeromesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44840 | 0.79% | 1.57% | 1.73% | 1.73% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Jeromesville, Ohio
In Jeromesville, 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 Wayne 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 Jeromesville, 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. For example, the highest median tax bill in Jeromesville is $3,247 in the 44840 zip code. Being aware of these valuation processes in Jeromesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jeromesville Assessed Value
$205,030
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jeromesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44840 | $145,140 | $187,200 | $205,030 | $216,235 | $283,060 |
Source: Ownwell
Property Tax Bills Across Jeromesville, Ohio
In Jeromesville, located in Wayne County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Jeromesville can expect their property tax bills to vary significantly depending on their home's assessed value and the local tax rate. The median home price in Jeromesville is $205,030, and tax bills can range widely. For example, the 25th percentile tax bill is approximately $2,456, while the 75th percentile tax bill is around $3,644. This variation reflects differences in home values and the specific tax rates applied. Interestingly, the highest median tax bill recorded in the area is $3,247, and it is consistent across all zip codes, including 44840. Homeowners should be aware that these property taxes contribute to essential public services such as schools, infrastructure, and emergency services. Understanding how property tax bills are calculated can help homeowners better manage their finances and anticipate annual expenses.
Average Jeromesville Tax Bill
$3,247
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeromesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44840 | $2,227 | $2,456 | $3,247 | $3,644 | $3,750 |
Source: Ownwell