Jacksonville, Ohio Property Taxes
The median property tax rate in Jacksonville, OH is 2.06%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Jacksonville being $43,840, the typical annual property tax bill reaches $737, which is below the national median of $2,690. Property taxes in Jacksonville are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Jacksonville'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 Jacksonville 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
Jacksonville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$903
Ownwell’s Jacksonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksonville 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 Jacksonville, Ohio
Property taxes in Jacksonville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonville is 2.06%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jacksonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonville 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 Jacksonville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45740 zip code has the highest median property tax rate of 2.06%, while the same zip code, 45740, also has the lowest median tax rate of 2.06%. Understanding how these cities compare with Jacksonville provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacksonville Tax Rate
2.06%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacksonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45740 | 1.12% | 2.01% | 2.06% | 2.07% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Jacksonville, Ohio
In Jacksonville, 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 Athens 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 Jacksonville, 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 Jacksonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Jacksonville is 45740, with a median tax bill of $737.
Average Jacksonville Assessed Value
$43,840
Average Athens County Assessed Value
$88,765
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacksonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45740 | $5,000 | $11,870 | $43,840 | $57,540 | $70,940 |
Source: Ownwell
Property Tax Bills Across Jacksonville, Ohio
In Jacksonville, Athens County, Ohio, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the property's market value, determined by the local tax assessor. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and the specific tax rate set by local authorities. For instance, the median home price in Jacksonville is $43,840. Homeowners in the 25th percentile can expect a tax bill around $239, while those in the 75th percentile might see a bill closer to $1,154. At the 90th percentile, tax bills can reach up to $1,588. Comparatively, the median property tax rate in Jacksonville aligns closely with the national median rate of 0.99%. This calculation method ensures that homeowners contribute fairly to local services and infrastructure, directly impacting their annual financial planning and overall cost of homeownership.
Average Jacksonville Tax Bill
$737
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45740 | $91 | $239 | $737 | $1,154 | $1,588 |
Source: Ownwell