Jewett, Ohio Property Taxes
The median property tax rate in Jewett, OH is 1.40%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Jewett at $51,830, the typical annual property tax bill is $781, significantly below the national median of $2,690. Property taxes in Jewett are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Jewett'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 Jewett or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jewett, 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 Jewett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jewett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jewett 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 Jewett, Ohio
Property taxes in Jewett, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jewett is 1.40%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jewett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jewett 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 Jewett's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43986 zip code has both the highest and lowest median property tax rate of 1.40%. Understanding how these cities compare with Jewett provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jewett Tax Rate
1.40%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jewett, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43986 | 0.72% | 1.25% | 1.40% | 1.82% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Jewett, Ohio
In Jewett, 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 Harrison 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 Jewett, 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 Jewett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jewett is $51,830, with tax bills ranging from $375 at the 25th percentile to $2,034 at the 90th percentile. The zip code 43986 has both the highest and lowest median tax bill of $781.
Average Jewett Assessed Value
$51,830
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jewett, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43986 | $12,552 | $28,015 | $51,830 | $101,400 | $177,228 |
Source: Ownwell
Property Tax Bills Across Jewett, Ohio
In Jewett, located in Harrison County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Jewett is $51,830. Homeowners in the 25th percentile can expect to pay around $375 annually, while those in the 75th percentile may see tax bills closer to $1,279. The top 10% of property tax bills can reach up to $2,034. These tax bills fund essential community services such as public schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Jewett's tax rates can significantly impact household budgets. Homeowners must consider these costs when budgeting for homeownership, as they can vary widely depending on the assessed value and specific tax rates in their area.
Average Jewett Tax Bill
$781
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jewett, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43986 | $145 | $375 | $781 | $1,279 | $2,034 |
Source: Ownwell