Nelsonville, Ohio Property Taxes
The median property tax rate in Nelsonville, OH is 1.73%, slightly lower than the Ohio state median of 1.80% but still higher than the national median of 0.99%. With a median home value of $57,795 in Nelsonville, the typical annual property tax bill is $928, which is below the national median of $2,690. Property taxes in Nelsonville are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Nelsonville'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 Nelsonville 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
Nelsonville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,000
Ownwell’s Nelsonville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Nelsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nelsonville 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 Athens County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nelsonville, Ohio
Property taxes in Nelsonville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nelsonville is 1.73%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Nelsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nelsonville 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 Nelsonville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45764 zip code has the highest median property tax rate of 1.73%, while the 45764 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Nelsonville provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nelsonville Tax Rate
1.73%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nelsonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45764 | 1.06% | 1.60% | 1.73% | 1.77% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Nelsonville, Ohio
In Nelsonville, 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 Athens 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 Nelsonville, 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 Nelsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Nelsonville are both $928.00, found in the zip code 45764. The median home price in the area is $57,795, with tax bills ranging from the 25th percentile at $503 to the 90th percentile at $2,258.
Average Nelsonville Assessed Value
$57,795
Average Athens County Assessed Value
$88,765
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nelsonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45764 | $9,349 | $34,275 | $57,795 | $88,758 | $133,007 |
Source: Ownwell
Property Tax Bills Across Nelsonville, Ohio
In Nelsonville, located in Athens County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, age, and overall condition. For homeowners in Nelsonville, the median home price is approximately $57,795. Property tax bills can vary significantly, with the 25th percentile tax bill around $503 and the 75th percentile tax bill reaching $1,475. At the 90th percentile, homeowners might see tax bills as high as $2,258. Comparatively, the national median property tax rate is 0.99%, positioning Nelsonville's property taxes within a competitive range. These tax bills directly impact homeowners by influencing their annual budget and the overall cost of owning property in the area.
Average Nelsonville Tax Bill
$928
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Nelsonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45764 | $153 | $503 | $928 | $1,475 | $2,258 |
Source: Ownwell