Newtonsville, Ohio Property Taxes
The median property tax rate in Newtonsville, OH is 2.54%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Newtonsville at $94,400, the typical annual property tax bill reaches $2,422, which is just below the national median of $2,690. Property taxes in Newtonsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Newtonsville'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 Newtonsville or another part of Clermont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newtonsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$2,398
Ownwell’s Newtonsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newtonsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newtonsville 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 Newtonsville, Ohio
Property taxes in Newtonsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newtonsville is 2.54%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Newtonsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newtonsville 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 Newtonsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45158 zip code has the highest median property tax rate of 2.54%, while the same zip code also has the lowest median tax rate of 2.54%. Understanding how these cities compare with Newtonsville provides valuable insights into the varying tax landscape across Clermont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newtonsville Tax Rate
2.54%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newtonsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45158 | 2.48% | 2.52% | 2.54% | 2.56% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Newtonsville, Ohio
In Newtonsville, 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 Clermont 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 Newtonsville, 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. The median home price in Newtonsville is $94,400, with tax bills ranging from $1,663 at the 25th percentile to $4,827 at the 90th percentile. The highest and lowest median tax bill in the 45158 zip code is $2,422. 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 Newtonsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newtonsville Assessed Value
$94,400
Average Clermont County Assessed Value
$145,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newtonsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45158 | $21,790 | $65,050 | $94,400 | $114,200 | $190,930 |
Source: Ownwell
Property Tax Bills Across Newtonsville, Ohio
In Newtonsville, located in Clermont County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the home's market value. Homeowners in Newtonsville can expect their property tax bills to be influenced by factors such as the local tax rate and any applicable exemptions or deductions. For instance, with a median home price of $94,400, homeowners may see varying tax bills. The 25th percentile tax bill is around $1,663, while the 75th percentile tax bill can reach up to $2,916. At the higher end, the 90th percentile tax bill can be as much as $4,827. These figures show a significant range, reflecting differences in property values and applicable tax rates. Compared to the national median property tax rate of 0.99%, Newtonsville's property taxes can be relatively high, impacting homeowners' annual expenses. Understanding these factors can help residents better anticipate their financial obligations and plan accordingly.
Average Newtonsville Tax Bill
$2,422
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Newtonsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45158 | $1,309 | $1,663 | $2,422 | $2,916 | $4,827 |
Source: Ownwell