North Jackson, Ohio Property Taxes
The median property tax rate in North Jackson, OH is 1.48%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in North Jackson at $28,100, the typical annual property tax bill reaches $417, which is significantly below the national median of $2,690. Property taxes in North Jackson 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 North Jackson'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 North Jackson 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
North Jackson, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$416
Ownwell’s North Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Jackson 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 North Jackson, Ohio
Property taxes in North Jackson, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Jackson is 1.48%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within North Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Jackson 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 North Jackson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44451 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with North Jackson provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Jackson Tax Rate
1.48%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44451 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across North Jackson, Ohio
In North Jackson, 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 Portage 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 North Jackson, 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 North Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $417, found in the 44451 zip code.
Average North Jackson Assessed Value
$28,100
Average Portage County Assessed Value
$162,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44451 | $28,100 | $28,100 | $28,100 | $28,100 | $28,100 |
Source: Ownwell
Property Tax Bills Across North Jackson, Ohio
In North Jackson, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors influencing the tax bill include the property’s location within Portage County, the assessed value, and the local tax rate set by various taxing authorities. For homeowners in North Jackson, the median home price is $28,100, resulting in a median property tax bill of $417. This amount is significantly lower than the national median property tax rate of 0.99%. The consistency in the tax bill, with the 25th, 75th, and 90th percentiles all at $417, indicates a stable and predictable tax environment. This relatively low and stable property tax burden can make homeownership more affordable and financially manageable for residents, potentially increasing the appeal of living in North Jackson. However, it’s essential for homeowners to stay informed about any changes in assessed values or tax rates that could impact their future tax bills.
Average North Jackson Tax Bill
$417
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44451 | $417 | $417 | $417 | $417 | $417 |
Source: Ownwell