Napoleon, Ohio Property Taxes
The median property tax rate in Napoleon, OH is 2.20%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Napoleon at $201,800, the typical annual property tax bill reaches $3,993, well above the national median of $2,690. Property taxes in Napoleon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Napoleon'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 Napoleon 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
Napoleon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$4,440
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 1.56%, significantly higher than both the Ohio state median of 1.36% 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 43545 zip code has the highest median property tax rate of 1.56%, while the same zip code has the lowest median tax rate of 1.56%. Understanding how these cities compare with Napoleon provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Napoleon Tax Rate
2.20%
Average Fulton County Tax Rate
1.94%
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 | 2.02% | 2.09% | 2.20% | 2.22% | 2.23% |
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 Henry 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 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 highest and lowest median tax bills in Napoleon are both $3,993, found in zip code 43545.
Average Napoleon Assessed Value
$201,800
Average Fulton County Assessed Value
$117,800
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 | $147,240 | $167,700 | $201,800 | $260,450 | $295,640 |
Source: Ownwell
Property Tax Bills Across Napoleon, Ohio
In Napoleon, OH, property tax bills are calculated by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the market value, which is determined by periodic evaluations of the property's worth. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Napoleon can expect to pay varying amounts depending on their property's value. For instance, the median home price in Napoleon is $201,800. Property tax bills can range significantly, with the 25th percentile tax bill being $3,492 and the 75th percentile reaching $5,501. At the 90th percentile, the tax bill can go up to $6,406. Compared to the national median property tax rate of 0.99%, homeowners in Napoleon experience a range of tax burdens that reflect both the value of their homes and the specific tax rates applied by the local jurisdiction. This variability in property tax bills can significantly impact household budgets and financial planning for residents.
Average Napoleon Tax Bill
$3,993
Average Fulton County Tax Bill
$2,396
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 | $3,192 | $3,492 | $3,993 | $5,501 | $6,406 |
Source: Ownwell