New Paris, Ohio Property Taxes
The median property tax rate in New Paris, OH is 1.45%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $136,755 in New Paris, the typical annual property tax bill reaches $1,782, falling below the national median of $2,690. Property taxes in New Paris are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Paris'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 Paris 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 Paris, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,983
$1,840
Ownwell’s NEW PARIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NEW PARIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NEW PARIS 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 Paris, Ohio
Property taxes in New Paris, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Paris is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Paris set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Paris 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 Paris's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45347 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with New Paris provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Paris Tax Rate
1.45%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Paris, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45347 | 0.88% | 1.24% | 1.45% | 1.46% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across New Paris, Ohio
In New Paris, 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 Darke 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 Paris, 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 New Paris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,782 in zip code 45347, which is significantly lower than the national median property tax rate of 0.99%.
Average New Paris Assessed Value
$136,755
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Paris, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45347 | $64,995 | $93,048 | $136,755 | $187,515 | $257,077 |
Source: Ownwell
Property Tax Bills Across New Paris, Ohio
In New Paris, located in Darke County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The county assesses properties to determine their taxable value and applies the local tax rate to this assessed value to calculate the annual tax bill. For instance, with the median home price in New Paris being $136,755, homeowners can expect varying tax bills depending on where their property falls within the assessed value spectrum. Tax bills in New Paris range significantly. At the 25th percentile, homeowners might pay around $1,145 annually, while those at the 75th percentile could see bills as high as $2,466. The 90th percentile tax bill can reach up to $3,350, reflecting higher-valued properties. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, the property tax rates in New Paris offer a unique perspective on the local real estate market's dynamics.
Average New Paris Tax Bill
$1,782
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Paris, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45347 | $788 | $1,145 | $1,782 | $2,466 | $3,350 |
Source: Ownwell