Adena, Jefferson County, Ohio Property Taxes
The median property tax rate in Adena, Ohio, is 1.89%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Adena at $55,130, the typical annual property tax bill reaches $1,250, exceeding the national median of $2,690. Property taxes in Adena 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 Adena'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 Adena 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
Adena, Jefferson County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$1,042
$967
Ownwell’s Adena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adena 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 Adena, Jefferson County, Ohio
Property taxes in Adena, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adena is 1.89%, significantly higher than the U.S. national median of 0.99%. Local government entities within Adena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adena 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 Adena's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43901 zip code has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these figures compare with Adena provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adena Tax Rate
1.89%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adena, Jefferson County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | 1.83% | 1.83% | 1.89% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Adena, Jefferson County, Ohio
In Adena, 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 Jefferson 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 Adena, 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 Adena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43901, with a median tax bill of $1,250.
Property Tax Assessment Values Across Adena, Jefferson County, Ohio
Source: Ownwell
$14,985
$67,170
$119,355
Average Adena Assessed Value
$55,130
Average Jefferson County Assessed Value
$67,215
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adena, Jefferson County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | $8,426 | $31,410 | $55,130 | $87,135 | $127,962 |
Source: Ownwell
Property Tax Bills Across Adena, Jefferson County, Ohio
Property tax bills in Adena, located in Jefferson County, OH, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the home. For example, if the median home price in Adena is $55,130, the assessed value will be a fraction of this amount, subject to local assessment rules. The local tax rate is then applied to the assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Adena might see tax bills varying widely; the 25th percentile of tax bills is around $711, while the 75th percentile reaches $1,724. For those at the 90th percentile, tax bills can be as high as $2,485. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, which in turn can affect property values and quality of life.
Average Adena Tax Bill
$1,250
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Adena, Jefferson County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | $190 | $711 | $1,250 | $1,724 | $2,485 |
Source: Ownwell