Newcomerstown, Ohio Property Taxes
The median property tax rate in Newcomerstown, OH is 1.38%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $73,535 in Newcomerstown, the typical annual property tax bill amounts to $989, which is significantly below the national median of $2,690. Property taxes in Newcomerstown are determined based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Gaining a deep understanding of Newcomerstown's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether residing in Newcomerstown or another part of the city, familiarizing yourself with the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Newcomerstown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,015
Ownwell’s Newcomerstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newcomerstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newcomerstown 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 Newcomerstown, Ohio
Property taxes in Newcomerstown, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newcomerstown is 1.38%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Newcomerstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newcomerstown 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 Newcomerstown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43832 zip code has the highest median property tax rate of 1.38%, while the 43832 zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Newcomerstown provides valuable insights into the varying tax landscape across Guernsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newcomerstown Tax Rate
1.38%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newcomerstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43832 | 1.19% | 1.36% | 1.38% | 1.40% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Newcomerstown, Ohio
In Newcomerstown, 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 Guernsey 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 Newcomerstown, 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. The median home price in Newcomerstown is $73,535, with the 25th percentile tax bill at $482 and the 75th percentile tax bill at $1,803. The highest and lowest median tax bills are both $989 in zip code 43832. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newcomerstown Assessed Value
$73,535
Average Guernsey County Assessed Value
$64,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newcomerstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43832 | $13,746 | $35,688 | $73,535 | $142,960 | $196,297 |
Source: Ownwell
Property Tax Bills Across Newcomerstown, Ohio
In Newcomerstown, located in Guernsey 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 then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Newcomerstown, the median home price is $73,535. The property tax rate in this area can lead to a tax bill that varies significantly. For example, the 25th percentile tax bill is around $482, while the 75th percentile tax bill is about $1,803. At the 90th percentile, the tax bill can reach up to $2,634. These figures illustrate the range of property tax burdens residents might face, depending on their home's assessed value. Comparatively, the national median property tax rate is 0.99%, underscoring the relative affordability of Newcomerstown's property taxes.
Average Newcomerstown Tax Bill
$989
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Newcomerstown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43832 | $187 | $482 | $989 | $1,803 | $2,634 |
Source: Ownwell