Jackson Center, Ohio Property Taxes
The median property tax rate in Jackson Center, OH is 1.70%, which is significantly higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $105,050 in Jackson Center, the typical annual property tax bill amounts to $1,815, which is lower than the national median of $2,690. Property taxes in Jackson Center are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Jackson Center's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Jackson Center or another part of Shelby County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jackson Center, 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 Jackson Center Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Jackson Center. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Jackson Center to provide an accurate estimate of your property tax bill. This tool is essential for understanding your potential tax liabilities and planning your finances accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for these calculations and accounts for any applicable exemptions.
Property Tax Rates Across Jackson Center, Ohio
Property taxes in Jackson Center, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson Center is 1.70%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jackson Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson Center 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 Jackson Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45334 zip code has the highest median property tax rate of 1.70%, while the 45334 zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Jackson Center provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jackson Center Tax Rate
1.70%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45334 | 1.26% | 1.56% | 1.70% | 1.85% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Jackson Center, Ohio
In Jackson Center, 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 Shelby 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 Jackson Center, 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 Jackson Center is $105,050, with tax bills ranging from $1,198 at the 25th percentile to $3,904 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jackson Center Assessed Value
$105,050
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jackson Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45334 | $12,930 | $70,855 | $105,050 | $165,580 | $262,840 |
Source: Ownwell
Property Tax Bills Across Jackson Center, Ohio
Property tax bills in Jackson Center, located in Shelby County, OH, are calculated based on the assessed value of a property. Assessors determine this value by evaluating various factors, including the market value of the home, its location, and any improvements or modifications made to the property. In Jackson Center, the median home price is $105,050, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Jackson Center can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,198, while the 75th percentile tax bill reaches $2,698. At the higher end, the 90th percentile tax bill is $3,904. This variance illustrates how factors like home value and specific local tax rates impact individual tax bills. Comparatively, Jackson Center's property tax rates are in line with the national median property tax rate of 0.99%, offering a balanced perspective for homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Jackson Center Tax Bill
$1,815
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45334 | $229 | $1,198 | $1,815 | $2,698 | $3,904 |
Source: Ownwell