New Philadelphia, Ohio Property Taxes
The median property tax rate in New Philadelphia, OH is 1.35%, notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $125,940, the typical annual property tax bill in New Philadelphia amounts to $1,666, which is below the national median of $2,690. Property taxes here are based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding New Philadelphia's property tax system and exploring available exemptions can lead to significant annual savings. Whether you're in the heart of New Philadelphia or another part of Tuscarawas County, getting a handle on the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Philadelphia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,700
Ownwell’s New Philadelphia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Philadelphia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Philadelphia 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 New Philadelphia, Ohio
Property taxes in New Philadelphia, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Philadelphia is 1.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Philadelphia set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Philadelphia 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 New Philadelphia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44663 zip code has the highest median property tax rate of 1.35%, while the 44663 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with New Philadelphia provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Philadelphia Tax Rate
1.35%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Philadelphia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44663 | 1.12% | 1.33% | 1.35% | 1.38% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across New Philadelphia, Ohio
In New Philadelphia, 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 Tuscarawas 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 New Philadelphia, 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 New Philadelphia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 44663, both at $1,666.
Average New Philadelphia Assessed Value
$125,940
Average Tuscarawas County Assessed Value
$122,160
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Philadelphia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44663 | $50,970 | $89,260 | $125,940 | $187,410 | $251,066 |
Source: Ownwell
Property Tax Bills Across New Philadelphia, Ohio
In New Philadelphia, located in Tuscarawas County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the home's market value, the local tax rate, and any applicable exemptions or deductions. For instance, the median home price in New Philadelphia is $125,940. Homeowners in the 25th percentile of tax bills pay around $1,162 annually, while those in the 75th percentile pay approximately $2,467. The 90th percentile sees tax bills as high as $3,365. Compared to the national median property tax rate of 0.99%, homeowners in New Philadelphia experience varying tax burdens depending on their property's assessed value and specific tax rate. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial planning.
Average New Philadelphia Tax Bill
$1,666
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Philadelphia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44663 | $691 | $1,162 | $1,666 | $2,467 | $3,365 |
Source: Ownwell