Jamestown, Ohio Property Taxes
The median property tax rate in Jamestown, OH is 1.66%, significantly higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With the median home value in Jamestown at $141,500, the typical annual property tax bill reaches $2,344, which is still below the national median of $2,690. Property taxes in Jamestown are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Jamestown'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 Jamestown 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
Jamestown, 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 Jamestown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, Ohio
Property taxes in Jamestown, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45335 zip code has the highest median property tax rate of 1.66%, while it also stands as the lowest median tax rate of 1.66%. Understanding how these cities compare with Jamestown provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.66%
Average Fayette County Tax Rate
1.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45335 | 0.74% | 1.28% | 1.66% | 1.68% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Ohio
In Jamestown, 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 Fayette 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 Jamestown, 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 example, homeowners in the zip code 45335 might receive a median tax bill of $2,344. 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamestown Assessed Value
$141,500
Average Fayette County Assessed Value
$107,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45335 | $87,760 | $113,450 | $141,500 | $229,300 | $471,760 |
Source: Ownwell
Property Tax Bills Across Jamestown, Ohio
In Jamestown, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $141,500, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. In Jamestown, the tax bill at the 25th percentile is $1,802, while at the 75th percentile, it rises to $3,330. The 90th percentile tax bill reaches $3,814, highlighting the range of potential costs for homeowners. Compared to the national median property tax rate of 0.99%, Jamestown's rates can significantly impact homeowners' budgets. Understanding these factors can help residents better anticipate their annual property tax obligations and plan accordingly.
Average Jamestown Tax Bill
$2,344
Average Fayette County Tax Bill
$1,527
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45335 | $1,232 | $1,802 | $2,344 | $3,330 | $3,814 |
Source: Ownwell