New Vienna, Ohio Property Taxes
The median property tax rate in New Vienna, OH is 1.48%, 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 Vienna at $128,100, the typical annual property tax bill reaches $1,755, which is below the national median of $2,690. Property taxes in New Vienna 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 Vienna'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 Vienna or another part of Highland County, understanding 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
1.48%
Estimate Property Tax Bill
$1,896
$1,759
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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Vienna is 1.48%, 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 45159 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with New Vienna provides valuable insights into the varying tax landscape across Highland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Vienna Tax Rate
1.48%
Average Highland County Tax Rate
1.23%
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 | 0.74% | 1.20% | 1.48% | 1.56% | 1.56% |
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 Highland 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 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. 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 Vienna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45159, amounting to $1,755, which is significantly above the national median property tax rate of 0.99%.
Average New Vienna Assessed Value
$128,100
Average Highland County Assessed Value
$82,400
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 | $16,240 | $63,750 | $128,100 | $177,650 | $248,520 |
Source: Ownwell
Property Tax Bills Across New Vienna, Ohio
In New Vienna, located in Highland County, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the local assessor and is typically a percentage of the property's market value. For instance, with a median home price of $128,100, the actual assessed value may be lower, depending on local assessment ratios. Once the assessed value is established, the property tax rate, which varies by jurisdiction, is applied. In Highland County, the tax bill can significantly impact homeowners, with the 25th percentile tax bill at $785 and the 75th percentile reaching $2,503. The highest median tax bill in the area is $1,755, highlighting a range of potential tax obligations. These property taxes fund essential local services, such as schools, public safety, and infrastructure. Comparatively, the national median property tax rate is 0.99%, and understanding these figures helps homeowners in New Vienna anticipate their financial responsibilities and budget accordingly.
Average New Vienna Tax Bill
$1,755
Average Highland County Tax Bill
$971
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 | $171 | $785 | $1,755 | $2,503 | $3,265 |
Source: Ownwell