North Hampton, Ohio Property Taxes
The median property tax rate in North Hampton, OH is 1.73%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in North Hampton, the typical annual property tax bill reaches $1,452, which is below the national median of $2,690. Property taxes in North Hampton 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 Hampton'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 Hampton 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 Hampton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,580
Ownwell’s North Hampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Hampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Hampton 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 Hampton, Ohio
Property taxes in North Hampton, 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 Hampton is 1.73%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Hampton set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Hampton 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 Hampton's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45349 has the highest median property tax rate of 1.73%, while the lowest median tax rate is also 1.73%. Understanding how these areas compare with North Hampton provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Hampton Tax Rate
1.73%
Average Clark County Tax Rate
1.69%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Hampton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45349 | 0.95% | 1.39% | 1.73% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across North Hampton, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Hampton, Ohio. 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 Clark 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 North Hampton, 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. The median home price in North Hampton is $91,350, and understanding these valuation concepts helps property owners navigate their tax responsibilities. The median tax bill can vary, with the 25th percentile at $1,006 and the 75th percentile at $1,828. The highest median tax bill is $1,452 in zip code 45349. By comprehending these processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average North Hampton Assessed Value
$91,350
Average Clark County Assessed Value
$117,390
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Hampton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45349 | $54,310 | $76,340 | $91,350 | $106,550 | $127,374 |
Source: Ownwell
Property Tax Bills Across North Hampton, Ohio
Property tax bills in North Hampton, located in Clark County, Ohio, are determined by several key factors. The process begins with the assessed value of a property, which is a percentage of its market value. For instance, the median home price in North Hampton is $91,350. Property tax rates are applied to this assessed value to calculate the tax bill. The median property tax rate nationally is 0.99%, but local rates can vary. In North Hampton, the tax bills can range significantly. At the 25th percentile, homeowners might see a tax bill of around $1,006, while those at the 75th percentile could pay approximately $1,828. The 90th percentile tax bill can reach up to $2,241. This variation is influenced by factors such as property size, location, and any applicable exemptions. For homeowners, these tax bills mean a direct impact on their annual expenses. Higher property taxes can affect affordability and overall financial planning, making it crucial to understand how these taxes are calculated and what factors might influence them.
Average North Hampton Tax Bill
$1,452
Average Clark County Tax Bill
$1,871
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Hampton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45349 | $547 | $1,006 | $1,452 | $1,828 | $2,241 |
Source: Ownwell