New Matamoras, Ohio Property Taxes
The median property tax rate in New Matamoras, OH is 1.14%, slightly higher than the national median of 0.99%, yet lower than the Ohio state median of 1.80%. With a median home value of $54,145, the typical annual property tax bill in New Matamoras amounts to $553, which is significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding the property tax system in New Matamoras, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New Matamoras or elsewhere in the city, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
New Matamoras, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$617
Ownwell’s New Matamoras Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Matamoras with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Matamoras 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 Matamoras, Ohio
Property taxes in New Matamoras, 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 Matamoras is 1.14%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Matamoras set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Matamoras 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 Matamoras's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45767 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with New Matamoras provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Matamoras Tax Rate
1.14%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Matamoras, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45767 | 0.79% | 1.06% | 1.14% | 1.20% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across New Matamoras, Ohio
In New Matamoras, 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 Washington 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 Matamoras, 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. For example, the median home price in New Matamoras is $54,145, with tax bills varying significantly. The 25th percentile tax bill is $126, while the 75th percentile reaches $1,046, and the 90th percentile climbs to $1,547. By understanding 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 Matamoras helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Matamoras Assessed Value
$54,145
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Matamoras, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45767 | $1,730 | $11,392 | $54,145 | $99,155 | $153,225 |
Source: Ownwell
Property Tax Bills Across New Matamoras, Ohio
In New Matamoras, Washington County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value typically represents a percentage of the home's market value. Local tax rates, set by various taxing authorities like school districts and municipalities, are then applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including property improvements, neighborhood developments, and changes in local government budgets. For homeowners in New Matamoras, the median home price is $54,145, with tax bills varying significantly. At the 25th percentile, tax bills are around $126, while at the 75th percentile, they can reach $1,046. The highest median tax bill recorded is $553. Compared to the national median property tax rate of 0.99%, New Matamoras offers a relatively affordable property tax environment. However, these taxes still play a crucial role in funding essential services like schools, public safety, and infrastructure, directly impacting homeowners' quality of life.
Average New Matamoras Tax Bill
$553
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Matamoras, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45767 | $31 | $126 | $553 | $1,046 | $1,547 |
Source: Ownwell