Nevada, Ohio Property Taxes
The median property tax rate in Nevada, Ohio is 1.51%, significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Nevada at $80,890, the typical annual property tax bill amounts to $1,143, which is below the national median of $2,690. Property taxes in Nevada are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Nevada'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 Nevada or another part of Crawford County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nevada, 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 Nevada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nevada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nevada 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 Nevada, Ohio
Property taxes in Nevada, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nevada is 1.51%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Nevada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nevada 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 Nevada's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44849 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these rates compare with Nevada provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nevada Tax Rate
1.51%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nevada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44849 | 0.70% | 1.25% | 1.51% | 1.51% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Nevada, Ohio
In Nevada, 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 Crawford 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 Nevada, 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 Nevada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Nevada is $80,890, with the highest median tax bill being $1,143 in zip code 44849.
Average Nevada Assessed Value
$80,890
Average Crawford County Assessed Value
$73,770
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nevada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44849 | $6,916 | $27,255 | $80,890 | $149,355 | $283,030 |
Source: Ownwell
Property Tax Bills Across Nevada, Ohio
Property tax bills in Nevada, a city in Crawford County, OH, are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by county assessors. In Crawford County, the median home price is $80,890. Property tax bills can vary significantly; for instance, the tax bill at the 25th percentile is $355, while at the 75th percentile, it reaches $1,833, and at the 90th percentile, it can go up to $2,854. Homeowners in Nevada should be aware that their property tax bill is influenced by multiple factors, including property improvements, market fluctuations, and local government budgets. Compared to the national median property tax rate of 0.99%, Nevada's property tax rates can have a substantial impact on household budgets. Understanding these factors and how they contribute to the overall tax bill can help homeowners plan and manage their finances more effectively.
Average Nevada Tax Bill
$1,143
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Nevada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44849 | $104 | $355 | $1,143 | $1,833 | $2,854 |
Source: Ownwell