Nelsonville, Ohio Property Taxes
The median property tax rate in Nelsonville, OH is 1.33%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $78,970, the typical annual property tax bill in Nelsonville amounts to $1,331, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Nelsonville's property tax system, exploring potential exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Nelsonville or another part of the city, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Nelsonville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,050
Ownwell’s Nelsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nelsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nelsonville 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 Nelsonville, Ohio
Property taxes in Nelsonville, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Nelsonville is 1.33%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Nelsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nelsonville 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 Nelsonville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45764 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these areas compare with Nelsonville provides valuable insights into the varying tax landscape across Hocking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nelsonville Tax Rate
1.33%
Average Hocking County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nelsonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45764 | 1.01% | 1.32% | 1.33% | 1.35% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Nelsonville, Ohio
In Nelsonville, 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 Hocking 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 Nelsonville, 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 Nelsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,331 in the 45764 zip code.
Average Nelsonville Assessed Value
$78,970
Average Hocking County Assessed Value
$109,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nelsonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45764 | $13,263 | $30,029 | $78,970 | $147,600 | $217,868 |
Source: Ownwell
Property Tax Bills Across Nelsonville, Ohio
In Nelsonville, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For instance, if the median home price in Nelsonville is $78,970, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property’s location within Hocking County and any applicable exemptions or abatements. Homeowners in Nelsonville face varying tax bills, with the 25th percentile tax bill at $552 and the 75th percentile tax bill at $2,105. The 90th percentile tax bill can reach up to $3,159, indicating significant variability based on property value and location. These property taxes directly impact homeowners by affecting their annual housing costs. Compared to the national median property tax rate of 0.99%, Nelsonville's rates can be either a financial relief or burden, depending on individual circumstances.
Average Nelsonville Tax Bill
$1,331
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Nelsonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45764 | $252 | $552 | $1,331 | $2,105 | $3,159 |
Source: Ownwell