Piney Fork, Ohio Property Taxes
The median property tax rate in Piney Fork, OH 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 Piney Fork, the typical annual property tax bill reaches $814, which is below the national median of $2,690. Property taxes in Piney Fork 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 Piney Fork'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 Piney Fork 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
Piney Fork, 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 Piney Fork Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piney Fork with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piney Fork 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 Piney Fork, Ohio
Property taxes in Piney Fork, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Piney Fork is 1.89%, significantly higher than the U.S. national median of 0.99%. Local government entities within Piney Fork set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piney Fork 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 Piney Fork's effective property tax rate to other areas and the national median. For comparison, the 43941 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 areas compare with Piney Fork 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 Piney Fork 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 Piney Fork, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43941 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Piney Fork, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Piney Fork, Ohio. 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 Piney Fork, 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. Notably, the highest and lowest median tax bills in Piney Fork are both $814, specifically in the 43941 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Piney Fork Assessed Value
$43,110
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 Piney Fork, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43941 | $43,110 | $43,110 | $43,110 | $43,110 | $43,110 |
Source: Ownwell
Property Tax Bills Across Piney Fork, Ohio
In Piney Fork, located in Jefferson County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Piney Fork is $43,110. Homeowners in this area typically see a median property tax bill of $814, which is significantly higher than the national median property tax rate of 0.99%. Factors influencing the property tax bill include the assessed value of the property and the local tax rate set by Jefferson County. Despite the relatively low median home price, the tax rate in Piney Fork results in a higher-than-average tax bill for homeowners. This can impact household budgets, making it essential for homeowners to understand how their property is assessed and to explore potential exemptions or appeals to reduce their tax burden. The consistency in tax bills across different percentiles indicates a uniform application of the tax rate, ensuring that similar properties are taxed equitably.
Average Piney Fork Tax Bill
$814
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Piney Fork, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43941 | $814 | $814 | $814 | $814 | $814 |
Source: Ownwell