Pataskala, Ohio Property Taxes
The median property tax rate in Pataskala, OH is 2.50%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Pataskala at $471,150, the typical annual property tax bill reaches $10,128, far exceeding the national median of $2,690. Property taxes in Pataskala 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 Pataskala'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 Pataskala 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
Pataskala, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$11,779
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, Ohio
Property taxes in Pataskala, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pataskala is 2.50%, 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 counties in Ohio and the national median. For comparison, the 43062 zip code has the highest median property tax rate of 2.50%, while the same zip code also has the lowest median tax rate of 2.50%. Understanding how these cities compare with Pataskala provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pataskala Tax Rate
2.50%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pataskala, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | 2.03% | 2.40% | 2.50% | 2.53% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Pataskala, 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 Franklin 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 median tax bill in Pataskala is in zip code 43062, amounting to $10,128.
Average Pataskala Assessed Value
$471,150
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pataskala, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | $35,220 | $216,675 | $471,150 | $505,825 | $637,039 |
Source: Ownwell
Property Tax Bills Across Pataskala, Ohio
In Pataskala, property tax bills are calculated based on the assessed value of a home, which is determined by the Franklin County auditor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play crucial roles in the assessment process. For homeowners, this means that changes in the real estate market or improvements to their property can directly impact their tax obligations. The median home price in Pataskala is $471,150, leading to varying tax bills across different percentiles. For instance, homeowners in the 25th percentile can expect a tax bill around $5,368, while those in the 75th percentile might see bills closer to $11,627. The highest median tax bill in the area is $10,128. Given that the national median property tax rate is 0.99%, these figures highlight how local rates and property values significantly influence tax burdens. Understanding these factors helps homeowners anticipate and manage their property tax liabilities effectively.
Average Pataskala Tax Bill
$10,128
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pataskala, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | $901 | $5,368 | $10,128 | $11,627 | $12,750 |
Source: Ownwell