New Athens, Ohio Property Taxes
The median property tax rate in New Athens, OH is 1.47%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in New Athens at $54,250, the typical annual property tax bill is about $726, falling below the national median of $2,690. Property taxes in New Athens are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding New Athens' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of New Athens or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Athens, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$797
$740
Ownwell’s New Athens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Athens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Athens 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 Athens, Ohio
Property taxes in New Athens, 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 Athens is 1.47%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Athens set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Athens 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 Athens' effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43981 has both the highest and lowest median property tax rate of 1.47%. Understanding how these cities compare with New Athens provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Athens Tax Rate
1.47%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Athens, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43981 | 0.93% | 1.47% | 1.47% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across New Athens, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in New Athens, Ohio. 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 Harrison 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 Athens, 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 highest median tax bill in the area is $726.00, found in zip code 43981, which also has the lowest median tax bill. Being aware of these valuation processes in New Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Athens Assessed Value
$54,250
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Athens, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43981 | $17,462 | $40,170 | $54,250 | $71,630 | $111,028 |
Source: Ownwell
Property Tax Bills Across New Athens, Ohio
In New Athens, located in Harrison County, OH, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine this value, which is often a percentage of the property's market value. Homeowners in New Athens can expect their tax bills to fall within a range, with the 25th percentile at $408 and the 75th percentile at $1,020. For those at the higher end, the 90th percentile tax bill reaches up to $1,530. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These elements combined determine the financial responsibility of homeowners. Compared to the national median property tax rate of 0.99%, New Athens residents experience a variety of tax burdens depending on their property's assessed value. The highest median tax bill in the area is recorded at $726, which provides a benchmark for what homeowners might expect. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average New Athens Tax Bill
$726
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Athens, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43981 | $243 | $408 | $726 | $1,020 | $1,530 |
Source: Ownwell