Jerusalem, Belmont County, Ohio Property Taxes
The median property tax rate in Jerusalem, OH is 1.18%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $81,575 in Jerusalem, the typical annual property tax bill amounts to $837, falling below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Jerusalem'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 Jerusalem 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
Jerusalem, Belmont County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$963
$893
Ownwell’s Jerusalem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jerusalem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jerusalem 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 Jerusalem, Belmont County, Ohio
Property taxes in Jerusalem, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jerusalem is 1.18%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jerusalem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jerusalem 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 Jerusalem's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43747 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Jerusalem 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 Jerusalem Tax Rate
1.18%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jerusalem, Belmont County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43747 | 0.87% | 1.10% | 1.18% | 1.21% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Jerusalem, Belmont County, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jerusalem, Ohio. 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 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 Jerusalem, 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. For instance, the median home price in Jerusalem is $81,575, with tax bills ranging from $189 at the 25th percentile to $2,141 at the 90th percentile. The highest and lowest median tax bills are both $837, found in zip code 43747. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jerusalem, Belmont County, Ohio
Source: Ownwell
$16,435
$80,833
$145,230
Average Jerusalem Assessed Value
$81,575
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 Jerusalem, Belmont County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43747 | $9,997 | $16,512 | $81,575 | $136,672 | $188,945 |
Source: Ownwell
Property Tax Bills Across Jerusalem, Belmont County, Ohio
In Jerusalem, Belmont County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in the area stands at $81,575. Local tax authorities apply a specific tax rate to this assessed value to calculate the annual property tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Jerusalem experience a wide range of property tax bills. For instance, the tax bill at the 25th percentile is $189, while at the 75th percentile, it rises to $1,513. The 90th percentile sees tax bills reaching up to $2,141. Compared to the national median property tax rate of 0.99%, Jerusalem's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value and location within the county. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations more effectively.
Average Jerusalem Tax Bill
$837
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jerusalem, Belmont County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43747 | $115 | $189 | $837 | $1,513 | $2,141 |
Source: Ownwell