Nevada, Ohio Property Taxes
The median property tax rate in Nevada, OH is 1.44%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $73,910 in Nevada, the typical annual property tax bill is $1,003, falling below the national median of $2,690. Property taxes in Nevada 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 Nevada'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 Nevada or another part of Wyandot County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nevada, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,064
Ownwell’s Nevada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nevada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nevada 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 Nevada, Ohio
Property taxes in Nevada, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nevada is 1.44%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Nevada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nevada 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 Nevada's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44849 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Nevada provides valuable insights into the varying tax landscape across Wyandot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nevada Tax Rate
1.44%
Average Wyandot County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nevada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44849 | 0.89% | 1.24% | 1.44% | 1.50% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Nevada, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nevada, Ohio. 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 Wyandot 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. Assessment notices in Nevada 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 Nevada 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 is 44849 at $1,003, while the same zip code also has the lowest median tax bill at $1,003, showcasing a uniform tax landscape.
Average Nevada Assessed Value
$73,910
Average Wyandot County Assessed Value
$93,115
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nevada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44849 | $10,806 | $42,160 | $73,910 | $120,365 | $200,932 |
Source: Ownwell
Property Tax Bills Across Nevada, Ohio
In Nevada, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price here is $73,910. Homeowners can expect their tax bills to vary significantly depending on the assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is $581, while at the 75th percentile, it reaches $1,615, and at the 90th percentile, it climbs to $2,439. The highest and lowest median tax bills in Wyandot County both stand at $1,003 for the zip code 44849. These tax bills are influenced by various factors, including property location, size, and any applicable exemptions or deductions. Homeowners in Nevada, OH, may find their property tax rates slightly higher or lower compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual tax obligations and manage their finances accordingly.
Average Nevada Tax Bill
$1,003
Average Wyandot County Tax Bill
$1,190
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Nevada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44849 | $150 | $581 | $1,003 | $1,615 | $2,439 |
Source: Ownwell