New Washington, Ohio Property Taxes
The median property tax rate in New Washington, OH is 1.42%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in New Washington at $78,540, the typical annual property tax bill reaches $1,099, which is below the national median of $2,690. Property taxes in New Washington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Washington'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 Washington 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 Washington, 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 New Washington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Washington. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in New Washington to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities better. For those interested in more detailed information, scrolling down will reveal trends and localized data at the neighborhood level. Your property’s assessed value, determined by Crawford County, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across New Washington, Ohio
Property taxes in New Washington, 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 Washington is 1.42%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Washington 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 Washington's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44854 has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these areas compare with New Washington provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Washington Tax Rate
1.42%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | 0.48% | 1.10% | 1.42% | 1.54% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across New Washington, Ohio
In New Washington, 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 Crawford 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 Washington, 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 Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in New Washington stands at $78,540, with the highest median tax bill recorded at $1,099 in the zip code 44854.
Average New Washington Assessed Value
$78,540
Average Crawford County Assessed Value
$73,770
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | $21,298 | $52,480 | $78,540 | $137,445 | $342,462 |
Source: Ownwell
Property Tax Bills Across New Washington, Ohio
In New Washington, located in Crawford County, OH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in New Washington experience varying tax bills. For example, the 25th percentile of tax bills is around $667, while those in the 75th percentile pay approximately $1,740. At the higher end, the 90th percentile sees tax bills reaching $2,667. The median home price in the area is $78,540, which helps contextualize these figures. Compared to the national median property tax rate of 0.99%, New Washington's property tax rates can significantly impact homeowners, particularly those with higher-valued properties. Understanding how these factors interplay is crucial for homeowners to anticipate their annual tax obligations accurately.
Average New Washington Tax Bill
$1,099
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | $289 | $667 | $1,099 | $1,740 | $2,667 |
Source: Ownwell