New Vienna, Ohio Property Taxes
The median property tax rate in New Vienna, OH is 1.94%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value in New Vienna of $86,420, the typical annual property tax bill reaches $1,747, which is still below the national median of $2,690. Property taxes in New Vienna are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding New Vienna'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 Vienna or another part of Clinton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Vienna, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$1,677
$1,556
Ownwell’s New Vienna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Vienna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Vienna 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 Vienna, Ohio
Property taxes in New Vienna, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Vienna is 1.94%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Vienna set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Vienna 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 Vienna's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45159 has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with New Vienna provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Vienna Tax Rate
1.94%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Vienna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45159 | 1.44% | 1.63% | 1.94% | 2.24% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across New Vienna, Ohio
In New Vienna, 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 Clinton County Auditor 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 Vienna, 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. The median home price in New Vienna is $86,420, and the annual property tax bill ranges significantly. For example, the 25th percentile tax bill is $1,031, while the 75th percentile tax bill is $2,470, and the 90th percentile tax bill reaches $3,611. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Vienna Assessed Value
$86,420
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Vienna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45159 | $11,124 | $51,840 | $86,420 | $131,810 | $234,046 |
Source: Ownwell
Property Tax Bills Across New Vienna, Ohio
In New Vienna, located in Clinton County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is a percentage of the market value of the property. The property tax rate is then applied to this assessed value to generate the annual tax bill. Various factors influence the final tax bill, including property location, home size, and any applicable exemptions or deductions. Homeowners in New Vienna can expect a range of tax bills, with the 25th percentile paying around $1,031 and those in the 90th percentile facing bills up to $3,611. The median home price in the area is $86,420, which provides a baseline for assessing the tax burden. Compared to the national median property tax rate of 0.99%, New Vienna's tax rates reflect the localized needs and services funded by these taxes. The highest median tax bill in the nearby zip code 45159 stands at $1,747, indicating variability within the region.
Average New Vienna Tax Bill
$1,747
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Vienna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45159 | $350 | $1,031 | $1,747 | $2,470 | $3,611 |
Source: Ownwell