Nashville, Ohio Property Taxes
The median property tax rate in Nashville, OH is 1.41%, 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 $78,145 in Nashville, the typical annual property tax bill reaches $1,070, falling below the national median of $2,690. Property taxes in Nashville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nashville'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 Nashville 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
Nashville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,102
$1,022
Ownwell’s Nashville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nashville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Nashville to provide an accurate property tax bill estimate. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Nashville, Ohio
Property taxes in Nashville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashville is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nashville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashville 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 Nashville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44661 has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Nashville provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nashville Tax Rate
1.41%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44661 | 1.08% | 1.37% | 1.41% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Nashville, Ohio
In Nashville, 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 Holmes 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 Nashville, 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 Nashville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Nashville is $1,070 in the zip code 44661, which contrasts with the national median property tax rate of 0.99%. By staying informed, homeowners can make the most of available resources and potentially reduce their property tax obligations.
Average Nashville Assessed Value
$78,145
Average Holmes County Assessed Value
$211,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nashville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44661 | $28,532 | $66,230 | $78,145 | $101,785 | $111,541 |
Source: Ownwell
Property Tax Bills Across Nashville, Ohio
In Nashville, Holmes County, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, with a median home price of $78,145, homeowners can expect tax bills to vary. The 25th percentile tax bill is around $982, while the 75th percentile tax bill reaches $1,219, and the 90th percentile tax bill is approximately $1,449. These figures highlight the range of property tax burdens faced by homeowners in the area. Compared to the national median property tax rate of 0.99%, Nashville's rates reflect the local economic conditions and funding needs for public services such as schools, infrastructure, and emergency services. Understanding these factors is crucial for homeowners, as property taxes represent a significant component of homeownership costs, impacting overall affordability and financial planning.
Average Nashville Tax Bill
$1,070
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44661 | $915 | $982 | $1,070 | $1,219 | $1,449 |
Source: Ownwell