New Straitsville, Ohio Property Taxes
The median property tax rate in New Straitsville, OH is 1.19%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $71,258 in New Straitsville, the typical annual property tax bill reaches $916, which is significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding New Straitsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New Straitsville or another part of Hocking County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Straitsville, 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 Straitsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Straitsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Straitsville 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 Straitsville, Ohio
Property taxes in New Straitsville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Straitsville is 1.19%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Straitsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Straitsville 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 Straitsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43766 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with New Straitsville provides valuable insights into the varying tax landscape across Hocking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Straitsville Tax Rate
1.19%
Average Hocking County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Straitsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43766 | 0.83% | 1.16% | 1.19% | 1.27% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across New Straitsville, Ohio
In New Straitsville, 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 Hocking 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 Straitsville, 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 Straitsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in the area is 43766, with a tax bill of $916, while the lowest median tax bill is also $916 in the same zip code.
Average New Straitsville Assessed Value
$71,258
Average Hocking County Assessed Value
$109,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Straitsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43766 | $14,614 | $35,478 | $71,258 | $147,185 | $206,028 |
Source: Ownwell
Property Tax Bills Across New Straitsville, Ohio
In New Straitsville, located in Hocking County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value determined by the local tax assessor. Homeowners in this area can expect a median property tax rate that aligns closely with the national median of 0.99%. For instance, the median home price in New Straitsville is $71,258, which results in varying tax bills. Factors influencing the tax bill include the home's assessed value, local tax rates, and any eligible exemptions. In New Straitsville, property tax bills can range significantly. The 25th percentile tax bill is around $470, while the 75th percentile reaches up to $1,930, and the 90th percentile can be as high as $2,832. These variations can greatly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average New Straitsville Tax Bill
$916
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Straitsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43766 | $231 | $470 | $916 | $1,930 | $2,832 |
Source: Ownwell