Pataskala, Licking County, Ohio Property Taxes
The median property tax rate in Pataskala, OH is 2.30%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $211,000 in Pataskala, the typical annual property tax bill reaches $5,136, far exceeding the national median of $2,690. Property taxes in Pataskala are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pataskala'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 Pataskala or another part of Licking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pataskala, Licking County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$4,853
$4,503
Ownwell’s Pataskala Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pataskala with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pataskala 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 Pataskala, Licking County, Ohio
Property taxes in Pataskala, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pataskala is 2.30%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pataskala set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pataskala 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 Pataskala's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43068 zip code has the highest median property tax rate of 2.60%, while the 43062 zip code has the lowest median tax rate of 2.30%. Understanding how these areas compare with Pataskala 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 Pataskala Tax Rate
2.30%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pataskala, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | 2.19% | 2.19% | 2.30% | 2.89% | 2.89% |
| 43068 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Pataskala, Licking County, Ohio
In Pataskala, 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 Auditor 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 Pataskala, 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. For instance, the highest median tax bill in the area is $6,228 in the 43068 zip code, while the lowest is $5,136 in the 43062 zip code. Being aware of these valuation processes in Pataskala helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pataskala, Licking County, Ohio
Source: Ownwell
$7,100
$149,200
$291,300
Average Pataskala Assessed Value
$211,000
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 Pataskala, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | $76,340 | $155,200 | $211,000 | $260,800 | $337,780 |
| 43068 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Pataskala, Licking County, Ohio
In Pataskala, property tax bills are calculated based on the assessed value of your home, which is determined by the local county assessor. This assessed value is a percentage of your property's market value. Various factors influence this valuation, including the size of the property, location, and any improvements made. Pataskala, located in Licking County, has a diverse range of property tax bills. For example, the 25th percentile tax bill is around $3,765, while the 75th percentile tax bill can rise to approximately $6,436. Homeowners in Pataskala can experience a significant impact from these tax bills. For instance, in the highest median tax bill zip code, 43068, the tax bill can reach up to $6,228. Comparatively, the lowest median tax bill in zip code 43062 is about $5,136. These figures highlight the variability in property tax burdens within the region. Understanding these factors is crucial for homeowners as they navigate their financial planning and property investment decisions.
Average Pataskala Tax Bill
$5,136
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pataskala, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43062 | $1,935 | $3,765 | $5,136 | $6,436 | $8,152 |
| 43068 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell