North Jackson, Ohio Property Taxes
The median property tax rate in North Jackson, Ohio is 1.77%, which is considerably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $144,090 in North Jackson, the typical annual property tax bill amounts to $2,463, which is slightly below the national median of $2,690. Property taxes in North Jackson 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 North Jackson'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 North Jackson 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
North Jackson, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$2,550
$2,367
Ownwell’s North Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Jackson 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 North Jackson, Ohio
Property taxes in North Jackson, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Jackson is 1.77%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Jackson 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 North Jackson's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44451 has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these areas compare with North Jackson provides valuable insights into the varying tax landscape across Mahoning County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Jackson Tax Rate
1.77%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44451 | 1.45% | 1.76% | 1.77% | 1.86% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across North Jackson, Ohio
In North Jackson, 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 Mahoning 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 North Jackson, 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 North Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,463 in zip code 44451, while the lowest is also $2,463 in the same zip code.
Average North Jackson Assessed Value
$144,090
Average Mahoning County Assessed Value
$80,890
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44451 | $66,320 | $97,570 | $144,090 | $205,530 | $263,494 |
Source: Ownwell
Property Tax Bills Across North Jackson, Ohio
In North Jackson, property tax bills are calculated based on the assessed value of a home, which is determined by the Mahoning County Auditor. The assessed value is a percentage of the market value of the property. For homeowners in North Jackson, the median home price is approximately $144,090. The property tax rate in this area is compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location within the city, any applicable exemptions or deductions, and the specific tax rate set by local taxing authorities. Homeowners in North Jackson can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,655, while the 75th percentile tax bill reaches $3,562, and the 90th percentile tax bill can be as high as $4,636. These variations affect homeowners' financial planning and the overall cost of owning property in North Jackson.
Average North Jackson Tax Bill
$2,463
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Jackson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44451 | $1,115 | $1,655 | $2,463 | $3,562 | $4,636 |
Source: Ownwell