Mt Pleasant, Ohio Property Taxes
The median property tax rate in MT PLEASANT, OH is 2.54%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in MT PLEASANT, the typical annual property tax bill reaches $1,210, exceeding the national median of $2,690. Property taxes in MT 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 MT 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 MT PLEASANT 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
Mt Pleasant, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$1,208
Ownwell’s MT PLEASANT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MT PLEASANT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MT 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 Mt Pleasant, Ohio
Property taxes in MT 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 MT Pleasant is 2.54%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within MT Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, MT 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 MT 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 MT 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 Mt 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 Mt Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43939 | 2.54% | 2.54% | 2.54% | 2.54% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Mt Pleasant, Ohio
In MT PLEASANT, 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. In MT 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. The median home price in MT PLEASANT is $47,570, and the median tax bill is $1,210. Interestingly, the zip code 43939 has both the highest and lowest median tax bill, each at $1,210. 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 MT PLEASANT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mt Pleasant Assessed Value
$47,570
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 Mt Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43939 | $47,570 | $47,570 | $47,570 | $47,570 | $47,570 |
Source: Ownwell
Property Tax Bills Across Mt Pleasant, Ohio
In Mt. Pleasant, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Factors such as the home's size, location, and condition, as well as recent sales of similar properties in the area, play a role in determining this value. In Jefferson County, where Mt. Pleasant is located, the median home price is $47,570. The property tax rate in Mt. Pleasant is applied to the assessed value to calculate the annual tax bill. For homeowners in this city, the median property tax bill is $1,210, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual housing costs, making it crucial for them to understand how their property is assessed and to ensure they are not overpaying.
Average Mt Pleasant Tax Bill
$1,210
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mt Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43939 | $1,210 | $1,210 | $1,210 | $1,210 | $1,210 |
Source: Ownwell