Jenera, Ohio Property Taxes
The median property tax rate in Jenera, OH is 1.12%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Jenera at $221,155, the typical annual property tax bill reaches $2,309, slightly below the national median of $2,690. Property taxes in Jenera are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jenera'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 Jenera or another part of Hardin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jenera, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,477
Ownwell’s Jenera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jenera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jenera 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 Jenera, Ohio
Property taxes in Jenera, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jenera is 1.12%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jenera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jenera 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 Jenera's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45841 zip code has the highest median property tax rate of 1.12%, while it also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Jenera provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jenera Tax Rate
1.12%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jenera, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45841 | 0.98% | 1.03% | 1.12% | 1.21% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Jenera, Ohio
In Jenera, 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 Hardin 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. 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 Jenera 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 $2,309 in the 45841 zip code.
Average Jenera Assessed Value
$221,155
Average Hardin County Assessed Value
$82,480
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jenera, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45841 | $142,607 | $172,062 | $221,155 | $270,248 | $299,703 |
Source: Ownwell
Property Tax Bills Across Jenera, Ohio
In Jenera, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For instance, with a median home price of $221,155, homeowners can expect their property taxes to be derived from this value. The tax rate is then applied to the assessed value to determine the final tax bill. In Jenera, homeowners experience a range of property tax bills. At the 25th percentile, the tax bill is around $1,949, while at the 75th percentile, it rises to approximately $2,669. For those at the 90th percentile, the tax bill can go up to $2,885. These figures illustrate the variability in property tax bills, which depend on factors such as property value and specific local tax rates. Compared to the national median property tax rate of 0.99%, Jenera's property tax rates are competitive, making it a relatively affordable place for homeowners.
Average Jenera Tax Bill
$2,309
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jenera, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45841 | $1,733 | $1,949 | $2,309 | $2,669 | $2,885 |
Source: Ownwell