Jamestown, Ohio Property Taxes
The median property tax rate in Jamestown, OH is 1.63%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Jamestown, the typical annual property tax bill reaches $2,193, falling below the national median of $2,690. Property taxes in Jamestown are calculated based on the tax assessed value, which often comes in lower than the market value due to various 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
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$2,124
$1,971
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate 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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.63%, 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 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Jamestown provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.63%
Average Greene County Tax Rate
2.02%
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 | 1.30% | 1.52% | 1.63% | 1.95% | 2.00% |
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 Greene 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. The median home price in Jamestown is $130,300, with the 25th percentile tax bill at $1,544 and the 75th percentile tax bill at $2,857. The highest median tax bill is $2,193 in the 45335 zip code, which also has the lowest median 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamestown Assessed Value
$130,300
Average Greene County Assessed Value
$165,090
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 | $55,600 | $94,750 | $130,300 | $179,320 | $257,100 |
Source: Ownwell
Property Tax Bills Across Jamestown, Ohio
In Jamestown, Greene County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Jamestown, the median home price stands at $130,300. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,544 and the 75th percentile at $2,857, indicating a broad range of tax liabilities among residents. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $2,193, which is consistent across the zip code 45335. These property taxes fund essential local services like schools, public safety, and infrastructure, thereby directly impacting the community. Homeowners should be aware of these factors as they can significantly affect their annual financial obligations.
Average Jamestown Tax Bill
$2,193
Average Greene County Tax Bill
$3,355
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 | $886 | $1,544 | $2,193 | $2,857 | $3,952 |
Source: Ownwell