Jackson Center, Ohio Property Taxes
The median property tax rate in Jackson Center, OH is 2.40%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Jackson Center at $124,370, the typical annual property tax bill reaches $3,175, surpassing the national median of $2,690. Property taxes in Jackson Center are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jackson Center'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 Jackson Center 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
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 helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JACKSON CENTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JACKSON CENTER 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 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 2.40%, 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 zip code 45334 has the highest median property tax rate of 2.40%, while the same zip code also has the lowest median tax rate of 2.40%. Understanding how these cities compare with Jackson Center provides valuable insights into the varying tax landscape across Auglaize County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jackson Center Tax Rate
2.40%
Average Auglaize County Tax Rate
1.86%
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 | 2.15% | 2.19% | 2.40% | 2.40% | 2.49% |
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 Auglaize 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. Being aware of these valuation processes in Jackson Center 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 45334, with a median tax bill of $3,175, while the lowest median tax bill also falls in the same zip code at $3,175.
Average Jackson Center Assessed Value
$124,370
Average Auglaize County Assessed Value
$135,635
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 | $104,962 | $108,130 | $124,370 | $154,050 | $157,950 |
Source: Ownwell
Property Tax Bills Across Jackson Center, Ohio
In Jackson Center, located in Auglaize County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the property's location, market conditions, and any applicable exemptions. For homeowners in Jackson Center, the median home price is $124,370. The property tax bills vary, with the 25th percentile at $2,467 and the 75th percentile at $3,367. The 90th percentile sees tax bills reaching up to $3,662. These figures highlight the range of property tax obligations homeowners may face, depending on their property's assessed value and any available deductions or exemptions. Compared to the national median property tax rate of 0.99%, the rates in Jackson Center can significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Jackson Center Tax Bill
$3,175
Average Auglaize County Tax Bill
$2,263
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 | $2,364 | $2,467 | $3,175 | $3,367 | $3,662 |
Source: Ownwell