Newburgh Heights, Ohio Property Taxes
The median property tax rate in Newburgh Heights, OH is 3.63%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $54,450, the typical annual property tax bill in Newburgh Heights reaches $1,922, which is still below the national median of $2,690. Property taxes in Newburgh Heights are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Newburgh Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Newburgh Heights 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
Newburgh Heights, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$1,977
Ownwell’s Newburgh Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newburgh Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newburgh Heights 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 Newburgh Heights, Ohio
Property taxes in Newburgh Heights, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newburgh Heights is 3.63%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Newburgh Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newburgh Heights 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 Newburgh Heights' effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44105 has the highest median property tax rate of 3.63%, while the same zip code also has the lowest median tax rate of 3.63%. Understanding how these areas compare with Newburgh Heights provides valuable insights into the varying tax landscape across Cuyahoga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newburgh Heights Tax Rate
3.63%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newburgh Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44105 | 2.14% | 3.51% | 3.63% | 3.70% | 3.78% |
Source: Ownwell
Property Tax Assessment Values Across Newburgh Heights, Ohio
In Newburgh Heights, 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 Cuyahoga 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 Newburgh Heights, 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 Newburgh Heights is $54,450, with tax bills ranging from $1,644 at the 25th percentile to $2,465 at the 90th percentile. 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 Newburgh Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Newburgh Heights, Ohio
Source: Ownwell
$1,700
$1,166,850
$2,332,000
Average Newburgh Heights Assessed Value
$54,450
Average Cuyahoga County Assessed Value
$138,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newburgh Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44105 | $47,300 | $50,300 | $54,450 | $64,375 | $68,300 |
Source: Ownwell
Property Tax Bills Across Newburgh Heights, Ohio
Property tax bills in Newburgh Heights, located in Cuyahoga County, OH, are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Newburgh Heights, the median home price is $54,450. Given this valuation, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,644, while the 75th percentile tax bill reaches $2,228, and the 90th percentile tax bill can be as high as $2,465. These figures indicate that property taxes in Newburgh Heights can be relatively high compared to the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual expenses, which is crucial to consider when budgeting for homeownership in the area. Understanding these factors is essential for residents to anticipate and manage their property tax obligations effectively.
Average Newburgh Heights Tax Bill
$1,922
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Newburgh Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44105 | $1,131 | $1,644 | $1,922 | $2,228 | $2,465 |
Source: Ownwell