Toronto, Jefferson County, Ohio Property Taxes

Name: Property Tax Bills Across Toronto, Jefferson County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Toronto, OH effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Toronto, OH home value: $78,170
Median annual Toronto, OH tax bill: $1,785, $615 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

Property taxes in Toronto, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Toronto’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toronto, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Toronto, Jefferson County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$1,829

$1,697

Ownwell’s Toronto Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Toronto with just two data points. By entering your property's estimated assessed value, our calculator applies Toronto’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jefferson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Toronto, Jefferson County, Ohio

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Toronto’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.

Toronto in Jefferson County has a property tax rate of 2.34%, which is significantly higher than the national median property tax rate of 1.02%. This means property owners in Toronto pay more compared to the average U.S. homeowner. The property tax bill here also tends to exceed the national median of $2,400. High property tax rates can impact homeowners' financial planning and property investment decisions. Understanding these rates and how they compare to state and national averages can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Toronto, Jefferson County, Ohio

Source: Ownwell

1.73%

2.25%

2.77%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Toronto Tax Rate

2.34%

Median Effective Jefferson County Tax Rate

2.19%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Toronto, Jefferson County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43964	2.16%	2.19%	2.34%	2.34%	2.34%

Source: Ownwell

Property Tax Assessment Values Across Toronto, Jefferson County, Ohio

When examining property taxes in Toronto, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Jefferson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Jefferson County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Toronto. For example, the median home price in Toronto is $78,170, with tax bills ranging significantly across the county. Zip code 43964 has the highest median home price at $78,170.

Property Tax Assessment Values Across Toronto, Jefferson County, Ohio

Source: Ownwell

$14,985

$67,170

$119,355

Median Toronto Market Value

$78,170

Median Jefferson County Market Value

$67,215

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Toronto, Jefferson County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43964	$23,398	$48,565	$78,170	$112,202	$157,769

Source: Ownwell

Property Tax Bills Across Toronto, Jefferson County, Ohio

In Toronto, located in Jefferson County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the market value of the property. Homeowners in this region pay a median property tax bill of $1,785, which is below the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,110 and the 90th percentile reaching $3,612, reflecting differences in property values and local tax rates.

Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. High property taxes can place a financial burden on homeowners, making it essential to ensure accuracy in assessments.

Ownwell assists homeowners by providing property tax appeal and exemption services. By reviewing assessments and identifying discrepancies, Ownwell helps clients potentially reduce their tax bills, ensuring they only pay what is fair. This service can lead to significant savings, easing the financial strain on homeowners.

Property Tax Bills Across Toronto, Jefferson County, Ohio

Source: Ownwell

$344

$1,720

$3,096

Median Toronto Tax Bill

$1,785

Median Jefferson County Tax Bill

$1,517

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Toronto, Jefferson County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43964	$534	$1,110	$1,785	$2,590	$3,612

Source: Ownwell