Junction City, Ohio Property Taxes
The median property tax rate in Junction City, OH is 1.45%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $64,490 in Junction City, the typical annual property tax bill amounts to $914, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Junction City'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 Junction City or another part of Perry County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Junction City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$935
$868
Ownwell’s Junction City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Junction City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Junction City 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 Junction City, Ohio
Property taxes in Junction City, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Junction City is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Junction City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Junction City 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 Junction City's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43748 has the highest median property tax rate of 1.45%, while it also has the lowest median tax rate of 1.45%. Understanding how these areas compare with Junction City provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Junction City Tax Rate
1.45%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Junction City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43748 | 1.10% | 1.43% | 1.45% | 1.55% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Junction City, Ohio
In Junction City, 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 Perry 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. 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 Junction City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 43748 has the same median tax bill of $914 for both the highest and lowest tax bills, providing a unique insight into property tax trends in the area.
Average Junction City Assessed Value
$64,490
Average Perry County Assessed Value
$71,105
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Junction City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43748 | $4,000 | $19,462 | $64,490 | $129,482 | $186,532 |
Source: Ownwell
Property Tax Bills Across Junction City, Ohio
In Junction City, located in Perry County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Junction City face a median property tax rate that aligns closely with the national median of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Junction City is $64,490. Based on this, the property tax bill can range significantly. At the 25th percentile, homeowners might pay around $237, while those at the 75th percentile could see bills as high as $1,771. At the 90th percentile, the tax bill can reach up to $2,650. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Junction City Tax Bill
$914
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Junction City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43748 | $58 | $237 | $914 | $1,771 | $2,650 |
Source: Ownwell