Jasper, Ohio Property Taxes
The median property tax rate in Jasper, OH is 1.12%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $6,545 in Jasper, the typical annual property tax bill amounts to $73, significantly below the national median of $2,690. Property taxes in Jasper are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Jasper'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 Jasper or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jasper, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$73
$68
Ownwell’s Jasper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jasper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jasper 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 Jasper, Ohio
Property taxes in Jasper, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jasper is 1.12%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Jasper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jasper 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 Jasper's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45642 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Jasper provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jasper Tax Rate
1.12%
Average Pike County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jasper, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45642 | 0.85% | 1.02% | 1.12% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Jasper, Ohio
In Jasper, 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 Pike 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 Jasper, 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 Jasper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pike County is $6,545, with tax bills ranging from $47 at the 25th percentile to $401 at the 90th percentile.
Average Jasper Assessed Value
$6,545
Average Pike County Assessed Value
$47,540
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jasper, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45642 | $2,287 | $4,218 | $6,545 | $23,832 | $52,691 |
Source: Ownwell
Property Tax Bills Across Jasper, Ohio
In Jasper, located in Pike County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses this assessed value to determine the tax bill, applying the local tax rate to it. For homeowners in Jasper, the median home price is $6,545. Property tax bills can vary significantly; for instance, at the 25th percentile, the tax bill is around $47, while at the 75th percentile, it reaches approximately $199. The top 10% of tax bills can go as high as $401. Factors such as property improvements, location, and market trends influence the assessed value, thereby affecting the tax bill. Homeowners need to understand these factors as they can lead to fluctuations in their annual property tax obligations. Compared to the national median property tax rate of 0.99%, homeowners in Jasper experience a relatively lower tax burden, making it an affordable area in terms of property taxes.
Average Jasper Tax Bill
$73
Average Pike County Tax Bill
$512
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Jasper, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45642 | $26 | $47 | $73 | $199 | $401 |
Source: Ownwell