New Plymouth, Ohio Property Taxes
The median property tax rate in New Plymouth, OH is 1.20%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $64,415 in New Plymouth, the typical annual property tax bill amounts to $660, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding New Plymouth'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 New Plymouth 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
New Plymouth, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$773
Ownwell’s New Plymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Plymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Plymouth 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 Plymouth, Ohio
Property taxes in New Plymouth, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in New Plymouth is 1.20%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within New Plymouth set these rates annually, and they can vary substantially across different neighborhoods. Each year, New Plymouth 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 Plymouth's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45654 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with New Plymouth provides valuable insights into the varying tax landscape across Vinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Plymouth Tax Rate
1.20%
Average Vinton County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Plymouth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45654 | 0.59% | 0.63% | 1.20% | 1.26% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across New Plymouth, Ohio
In New Plymouth, 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 Vinton 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 New Plymouth, 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in New Plymouth are both $660, found in the zip code 45654.
Average New Plymouth Assessed Value
$64,415
Average Vinton County Assessed Value
$50,680
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Plymouth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45654 | $4,595 | $19,132 | $64,415 | $122,160 | $186,090 |
Source: Ownwell
Property Tax Bills Across New Plymouth, Ohio
In New Plymouth, Ohio, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value determined by the county assessor. The tax rate, applied to this assessed value, is set by local taxing authorities and can vary within the region. For homeowners in New Plymouth, the median home price is $64,415, and property tax bills can differ significantly depending on the property's assessed value and applicable exemptions. Factors influencing the tax bill include the property's location, improvements, and any applicable tax exemptions. For instance, the 25th percentile tax bill is around $185, while those in the 75th percentile can expect to pay about $1,340. At the higher end, the 90th percentile tax bill reaches approximately $2,484. These variations highlight the impact of property assessments and local tax rates on homeowners' annual financial obligations. Compared to the national median property tax rate of 0.99%, New Plymouth's tax rates can be either a burden or a relief, depending on individual circumstances.
Average New Plymouth Tax Bill
$660
Average Vinton County Tax Bill
$541
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Plymouth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45654 | $57 | $185 | $660 | $1,340 | $2,484 |
Source: Ownwell