Jacksontown, Ohio Property Taxes
The median property tax rate in Jacksontown, Ohio, is 2.47%, significantly higher than both the national median of 0.99% and Ohio’s state median of 1.80%. With the median home value in Jacksontown being $97,200, the typical annual property tax bill reaches $2,401, which is just below the national median of $2,690. Property taxes in Jacksontown are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Jacksontown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jacksontown or another part of Licking County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jacksontown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$2,401
Ownwell’s Jacksontown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksontown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksontown 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 Jacksontown, Ohio
Property taxes in Jacksontown, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksontown is 2.47%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jacksontown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksontown 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 Jacksontown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43030 zip code has the highest median property tax rate of 2.47%, while the same zip code also has the lowest median tax rate of 2.47%. Understanding how these cities compare with Jacksontown provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacksontown Tax Rate
2.47%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacksontown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43030 | 2.47% | 2.47% | 2.47% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Jacksontown, Ohio
In Jacksontown, 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 Licking 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 Jacksontown, 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 Jacksontown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43030 has the highest median tax bill of $2,401, while the lowest median tax bill is also in the same zip code.
Average Jacksontown Assessed Value
$97,200
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacksontown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43030 | $5,900 | $28,250 | $97,200 | $134,400 | $186,200 |
Source: Ownwell
Property Tax Bills Across Jacksontown, Ohio
In Jackson Town, located in Licking County, OH, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Various factors such as property size, location, and improvements are considered in this assessment. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Homeowners in Jackson Town experience a range of property tax bills. For instance, the tax bill at the 25th percentile is around $702, while at the 75th percentile, it rises to approximately $3,320. The 90th percentile tax bill can reach as high as $4,599. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how these rates and assessed values impact their annual financial obligations. High property taxes can significantly affect a homeowner's budget, making it crucial to stay informed and explore potential exemptions or appeals.
Average Jacksontown Tax Bill
$2,401
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksontown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43030 | $146 | $702 | $2,401 | $3,320 | $4,599 |
Source: Ownwell