Fort Jennings, Ohio Property Taxes
The median property tax rate in Fort Jennings, OH is 1.18%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $156,540 in Fort Jennings, the typical annual property tax bill amounts to $1,905, which is below the national median of $2,690. Property taxes in Fort Jennings are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fort Jennings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fort Jennings 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
Fort Jennings, 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 FORT JENNINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT JENNINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT JENNINGS 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 Fort Jennings, Ohio
Property taxes in Fort Jennings, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Jennings is 1.18%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Fort Jennings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Jennings 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 Fort Jennings' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45844 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Fort Jennings provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Jennings Tax Rate
1.18%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Jennings, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45844 | 0.97% | 1.16% | 1.18% | 1.25% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Fort Jennings, Ohio
In Fort Jennings, 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 Putnam 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 Fort Jennings, 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 instance, the median home price in Fort Jennings is $156,540, with tax bills ranging from $1,324 at the 25th percentile to $3,514 at the 90th percentile. The zip code 45844 has both the highest and lowest median tax bill of $1,905. Being aware of these valuation processes in Fort Jennings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Jennings Assessed Value
$156,540
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Jennings, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45844 | $58,942 | $108,915 | $156,540 | $217,042 | $316,063 |
Source: Ownwell
Property Tax Bills Across Fort Jennings, Ohio
In Fort Jennings, located in Putnam County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $156,540. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors, such as property improvements, neighborhood developments, and market trends, can influence the assessed value. Homeowners in Fort Jennings can expect a range of property tax bills. At the 25th percentile, tax bills are around $1,324, while at the 75th percentile, they rise to approximately $2,586. The 90th percentile sees tax bills as high as $3,514. Compared to the national median property tax rate of 0.99%, Fort Jennings offers a competitive landscape for property taxes. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding this calculation helps homeowners anticipate their annual expenses and plan accordingly.
Average Fort Jennings Tax Bill
$1,905
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Jennings, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45844 | $872 | $1,324 | $1,905 | $2,586 | $3,514 |
Source: Ownwell