Jerry City, Ohio Property Taxes
The median property tax rate in Jerry City, OH is 1.62%, significantly higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With a median home value of $57,600 in Jerry City, the typical annual property tax bill amounts to $931, which is below the national median of $2,690. Property taxes in Jerry City are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Jerry City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jerry City or another part of Wood County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jerry City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$933
Ownwell’s Jerry City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jerry City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jerry City 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 Jerry City, Ohio
Property taxes in Jerry City, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jerry City is 1.62%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jerry City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jerry City 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 Jerry City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43437 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these areas compare with Jerry City provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jerry City Tax Rate
1.62%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jerry City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43437 | 1.39% | 1.44% | 1.62% | 2.01% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Jerry City, Ohio
In Jerry City, 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 Wood 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 Jerry City, 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 Jerry City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43437, amounting to $931.
Average Jerry City Assessed Value
$57,600
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jerry City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43437 | $3,300 | $10,000 | $57,600 | $95,975 | $141,670 |
Source: Ownwell
Property Tax Bills Across Jerry City, Ohio
In Jerry City, located in Wood County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Jerry City experience a range of property tax bills. At the 25th percentile, the tax bill is $164, while at the 75th percentile, it rises to $1,708. For those at the 90th percentile, the tax bill can be as high as $2,471. Comparatively, the national median property tax rate is 0.99%, making Jerry City's tax landscape slightly varied. The highest and lowest median tax bill in the area is $931, both found in the 43437 zip code. Understanding these factors is crucial for homeowners as property taxes significantly impact annual expenses and long-term financial planning.
Average Jerry City Tax Bill
$931
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jerry City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43437 | $56 | $164 | $931 | $1,708 | $2,471 |
Source: Ownwell