New Hampshire, Ohio Property Taxes
The median property tax rate in New Hampshire, OH is 1.97%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in New Hampshire, the typical annual property tax bill reaches $1,054, exceeding the national median of $2,690. Property taxes in New Hampshire 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 New Hampshire'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 New Hampshire 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
New Hampshire, 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 Hampshire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Hampshire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Hampshire 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 Hampshire, Ohio
Property taxes in New Hampshire, 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 Hampshire is 1.97%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Hampshire set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Hampshire 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 Hampshire's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45870 zip code has the highest median property tax rate of 1.97%, while the same zip code also has the lowest median tax rate of 1.97%. Understanding how these areas compare with New Hampshire provides valuable insights into the varying tax landscape across Auglaize County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Hampshire Tax Rate
1.97%
Average Auglaize County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Hampshire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45870 | 1.78% | 1.85% | 1.97% | 2.04% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across New Hampshire, Ohio
In New Hampshire, 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 Auglaize 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 Hampshire, 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, in the 45870 zip code, the highest median tax bill is $1,054. 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 Hampshire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Hampshire Assessed Value
$56,940
Average Auglaize County Assessed Value
$135,635
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Hampshire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45870 | $6,462 | $8,870 | $56,940 | $76,890 | $101,312 |
Source: Ownwell
Property Tax Bills Across New Hampshire, Ohio
In New Hampshire, Auglaize County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate, applied to the assessed value, influences the final tax bill. Homeowners in this area face varying tax bills, with the 25th percentile being $235 and the 75th percentile reaching $1,416. The highest median tax bill in the county is $1,054, observed in the 45870 zip code. Several factors affect the tax bill, including changes in property values, local tax rates, and any applicable exemptions or deductions. For homeowners, these taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, property taxes in New Hampshire, Auglaize County, can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are determined and managed.
Average New Hampshire Tax Bill
$1,054
Average Auglaize County Tax Bill
$2,263
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Hampshire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45870 | $132 | $235 | $1,054 | $1,416 | $1,879 |
Source: Ownwell