Amsterdam, Ohio Property Taxes
The median property tax rate in Amsterdam, OH is 2.14%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Amsterdam at $43,580, the typical annual property tax bill reaches $1,085, which, while below the national median of $2,690, can still be a considerable expense for homeowners. Property taxes in Amsterdam are calculated based on the assessed value, which is generally lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Amsterdam'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 Amsterdam 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
Amsterdam, 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 Amsterdam Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Amsterdam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amsterdam to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Amsterdam, Ohio
Property taxes in Amsterdam, Ohio, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Amsterdam is 2.14%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Amsterdam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amsterdam 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 Amsterdam's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43903 has the highest median property tax rate of 2.14%, while the same zip code also has the lowest median tax rate of 2.14%. Understanding how these cities compare with Amsterdam 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 Amsterdam Tax Rate
2.14%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amsterdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43903 | 2.14% | 2.14% | 2.14% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Amsterdam, Ohio
In Amsterdam, 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 Jefferson 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. 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. In Amsterdam, the median home price is $43,580, with tax bills ranging from $584 at the 25th percentile to $2,637 at the 90th percentile. The highest and lowest median tax bills are both $1,085 in the 43903 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amsterdam Assessed Value
$43,580
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 Amsterdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43903 | $7,761 | $24,105 | $43,580 | $78,508 | $116,914 |
Source: Ownwell
Property Tax Bills Across Amsterdam, Ohio
In Amsterdam, located in Jefferson County, OH, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the local tax assessor and is a percentage of the market value. This assessed value is then multiplied by the property tax rate set by local authorities to determine the annual tax bill. Factors such as the median home price, which stands at $43,580, play a crucial role in this calculation. Homeowners in Amsterdam can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $584, while the 75th percentile reaches $1,706. At the 90th percentile, homeowners might see tax bills as high as $2,637. Compared to the national median property tax rate of 0.99%, Amsterdam's tax rates can be considered moderate. These tax bills impact homeowners by influencing their overall housing costs, potentially affecting their financial planning and home investment decisions.
Average Amsterdam Tax Bill
$1,085
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Amsterdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43903 | $179 | $584 | $1,085 | $1,706 | $2,637 |
Source: Ownwell