Napoleon, Ohio Property Taxes
The median property tax rate in Napoleon, OH is 1.20%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $177,890 in Napoleon, the typical annual property tax bill is $1,876, significantly below the national median of $2,690. Property taxes in Napoleon are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Napoleon's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Napoleon or another part of the city, comprehending the local property tax system will be beneficial.
Last Updated June 14, 2024
Napoleon, 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 Napoleon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Napoleon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Napoleon 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 Napoleon, Ohio
Property taxes in Napoleon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Napoleon is 1.18%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Napoleon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Napoleon 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 Napoleon's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43545 has the highest median property tax rate of 1.18%, while the zip code 43545 also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Napoleon provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Napoleon Tax Rate
1.20%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Napoleon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43545 | 0.78% | 1.03% | 1.20% | 1.24% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Napoleon, Ohio
In Napoleon, 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 Defiance 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 Napoleon, 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 Napoleon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Napoleon is $177,890, with the 25th percentile tax bill at $1,446 and the 75th percentile tax bill at $2,672. The highest and lowest median tax bill, both at $1,876, are found in zip code 43545.
Average Napoleon Assessed Value
$177,890
Average Defiance County Assessed Value
$127,250
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Napoleon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43545 | $8,430 | $72,615 | $177,890 | $209,205 | $254,560 |
Source: Ownwell
Property Tax Bills Across Napoleon, Ohio
In Napoleon, located in Defiance County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, which can vary, is then applied to this assessed value to determine the annual tax bill. Various factors, including the home's location, size, and any applicable exemptions, influence the assessed value. For homeowners in Napoleon, understanding these elements is crucial as they directly impact their financial obligations. For instance, with a median home price of $177,890, the property tax rate in Napoleon results in a median tax bill of $1,876 annually, aligning with the national median property tax rate of 0.99%. However, tax bills can vary significantly; they range from $1,446 at the 25th percentile to $3,069 at the 90th percentile. This variation underscores the importance of accurate property assessments and awareness of potential exemptions to manage tax liabilities effectively.
Average Napoleon Tax Bill
$1,876
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Napoleon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43545 | $247 | $1,446 | $1,876 | $2,672 | $3,069 |
Source: Ownwell