Port Jefferson, Shelby County, Ohio Property Taxes
The median property tax rate in Port Jefferson, OH is 1.82%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Port Jefferson at $52,755, the typical annual property tax bill reaches $934, exceeding the national median of $2,690. Property taxes in Port 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 Port 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 Port 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
Port Jefferson, Shelby County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$960
$891
Ownwell’s PORT JEFFERSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORT JEFFERSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORT 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 Port Jefferson, Shelby County, Ohio
Property taxes in Port Jefferson, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Jefferson is 1.82%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Port Jefferson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port 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 Port Jefferson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45360 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Port Jefferson provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Jefferson Tax Rate
1.82%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Jefferson, Shelby County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45360 | 1.35% | 1.67% | 1.82% | 2.08% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Port Jefferson, Shelby County, Ohio
In Port 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 Shelby 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 Port 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 Port Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $934.00, found in zip code 45360.
Property Tax Assessment Values Across Port Jefferson, Shelby County, Ohio
Source: Ownwell
$36,790
$130,888
$224,985
Average Port Jefferson Assessed Value
$52,755
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Jefferson, Shelby County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45360 | $5,378 | $11,932 | $52,755 | $75,450 | $96,284 |
Source: Ownwell
Property Tax Bills Across Port Jefferson, Shelby County, Ohio
In Port Jefferson, Shelby County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. Homeowners in Port Jefferson experience property tax bills that vary significantly. For instance, the 25th percentile tax bill is $272, while the 75th percentile reaches $1,324. The highest tax bill in the area can go up to $1,906. These tax bills are influenced by multiple factors, including property size, location, and any applicable exemptions or deductions. The median home price in Port Jefferson is $52,755, and the property tax rate in the area is compared to the national median rate of 0.99%. Higher tax bills can impact homeowners by increasing their annual expenses, while lower bills can offer financial relief. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Port Jefferson Tax Bill
$934
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Jefferson, Shelby County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45360 | $130 | $272 | $934 | $1,324 | $1,906 |
Source: Ownwell