Jefferson, Ohio Property Taxes
The median property tax rate in Jefferson, Ohio is 7.49%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Jefferson at $8,810, the typical annual property tax bill reaches $660, which is below the national median of $2,690. Property taxes in Jefferson 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 Jefferson'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 Jefferson 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
Jefferson, 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 Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson 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 Jefferson, Ohio
Property taxes in Jefferson, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson is 1.43%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Jefferson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson 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 Jefferson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44047 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Jefferson provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson Tax Rate
7.49%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44047 | 7.49% | 7.49% | 7.49% | 7.49% | 7.49% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson, Ohio
In Jefferson, 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 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 Jefferson, 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 Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Jefferson, the highest and lowest median tax bills are both $660, found in the 44047 zip code.
Average Jefferson Assessed Value
$8,810
Average Montgomery County Assessed Value
$98,910
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44047 | $8,810 | $8,810 | $8,810 | $8,810 | $8,810 |
Source: Ownwell
Property Tax Bills Across Jefferson, Ohio
In Jefferson, located in Montgomery County, OH, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home, which is determined by the county assessor. For Jefferson, the median home price is $8,810, which is considerably lower than the national median. The property tax rate in this area results in a consistent tax bill of $660 across various percentiles, including the 25th, 75th, and 90th. This uniform tax bill implies a relatively straightforward calculation process for homeowners. The property tax rate in Jefferson is influenced by local government budgets and public service funding needs. Homeowners in Jefferson benefit from lower property taxes compared to the national median property tax rate of 0.99%, making it more affordable to own property in this region. This can be particularly advantageous for those on a fixed income or looking to invest in real estate within Montgomery County.
Average Jefferson Tax Bill
$660
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44047 | $660 | $660 | $660 | $660 | $660 |
Source: Ownwell