Pataskala, Fairfield County, Ohio Property Taxes
The median property tax rate in Pataskala, OH is 1.64%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $362,780 in Pataskala, the typical annual property tax bill amounts to $4,973, surpassing the national median of $2,690. Property taxes in Pataskala are determined based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Pataskala's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Pataskala or another part of Fairfield County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pataskala, Fairfield County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$5,950
$5,521
Ownwell’s Pataskala Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pataskala with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pataskala 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 Pataskala, Fairfield County, Ohio
Property taxes in Pataskala, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pataskala is 1.64%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pataskala set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pataskala 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 Pataskala's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43062 zip code has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these areas compare with Pataskala provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pataskala Tax Rate
1.64%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pataskala, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | 1.44% | 1.55% | 1.64% | 1.65% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Pataskala, Fairfield County, Ohio
In Pataskala, 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 Fairfield 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 Pataskala, 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 Pataskala helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,973 in the 43062 zip code, offering a clear benchmark for homeowners.
Property Tax Assessment Values Across Pataskala, Fairfield County, Ohio
Source: Ownwell
$124,285
$243,533
$362,780
Average Pataskala Assessed Value
$362,780
Average Fairfield County Assessed Value
$224,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pataskala, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | $192,556 | $248,615 | $362,780 | $417,325 | $486,133 |
Source: Ownwell
Property Tax Bills Across Pataskala, Fairfield County, Ohio
Property tax bills in Pataskala, located in Fairfield County, OH, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any improvements or renovations. In Pataskala, the median home price is $362,780, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $3,332, while the 75th percentile reaches $6,826, and the 90th percentile can go as high as $7,580. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Pataskala's property tax rates reflect the community's investment in maintaining and improving public resources and amenities.
Average Pataskala Tax Bill
$4,973
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pataskala, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | $2,653 | $3,332 | $4,973 | $6,826 | $7,580 |
Source: Ownwell