Jacobsburg, Ohio Property Taxes
The median property tax rate in Jacobsburg, OH is 1.21%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Jacobsburg at $70,695, the typical annual property tax bill amounts to $839, which is below the national median of $2,690. Property taxes in Jacobsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jacobsburg'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 Jacobsburg or another part of Belmont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jacobsburg, 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 Jacobsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacobsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacobsburg 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 Belmont County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Jacobsburg, Ohio
Property taxes in Jacobsburg, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacobsburg is 1.21%, higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Jacobsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacobsburg 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 Jacobsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43933 zip code has the highest median property tax rate of 1.21%, while the 43933 zip code has the lowest median tax rate of 1.21%. Understanding how these cities compare with Jacobsburg provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacobsburg Tax Rate
1.21%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacobsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43933 | 0.95% | 1.14% | 1.21% | 1.34% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Jacobsburg, Ohio
In Jacobsburg, 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 Belmont County Auditor 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 Jacobsburg, 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. Notably, the median home price in Jacobsburg is $70,695, and the median tax bill ranges significantly, with the 25th percentile at $323 and the 75th percentile at $1,561. The highest and lowest median tax bills are both $839, found in the 43933 zip code. 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 Jacobsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jacobsburg Assessed Value
$70,695
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacobsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43933 | $10,218 | $31,458 | $70,695 | $129,498 | $191,668 |
Source: Ownwell
Property Tax Bills Across Jacobsburg, Ohio
In Jacobsburg, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this area can expect property tax rates to vary, but they generally hover around the national median property tax rate of 0.99%. For instance, the median home price in Jacobsburg is $70,695. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The 25th percentile of tax bills in Jacobsburg is $323, while the 75th percentile reaches up to $1,561, and the 90th percentile can be as high as $2,358. This range illustrates how property taxes can significantly impact homeowners, with higher-valued properties naturally incurring larger tax bills. The highest and lowest median tax bills in Jacobsburg are both recorded at $839 in the 43933 zip code, demonstrating some consistency within the local area. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Jacobsburg Tax Bill
$839
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacobsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43933 | $119 | $323 | $839 | $1,561 | $2,358 |
Source: Ownwell