New Washington, Ohio Property Taxes
The median property tax rate in New Washington, Ohio is 1.14%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in New Washington at $129,430, the typical annual property tax bill reaches $1,475, still falling below the national median of $2,690. Property taxes in New Washington are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding New Washington'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 Washington 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
New Washington, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s New Washington Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in New Washington with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in New Washington to project your property tax bill. This valuable tool provides clarity on potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across New Washington, Ohio
Property taxes in New Washington, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Washington is 1.14%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Washington 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 Washington's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44854 zip code has the highest median property tax rate of 1.14%, while the 44854 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with New Washington provides valuable insights into the varying tax landscape across Huron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Washington Tax Rate
1.14%
Average Huron County Tax Rate
1.36%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across New Washington, Ohio
In New Washington, 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 Huron 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 Washington, 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. For instance, the median home price in New Washington is $129,430. The median tax bill for areas like the 44854 zip code stands at $1,475. 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 Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Washington Assessed Value
$129,430
Average Huron County Assessed Value
$102,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | $129,430 | $129,430 | $129,430 | $129,430 | $129,430 |
Source: Ownwell
Property Tax Bills Across New Washington, Ohio
In New Washington, located in Huron County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $129,430. The property tax rate in Huron County is applied to this assessed value to determine the annual tax bill. Homeowners in New Washington can expect a median property tax bill of $1,475, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, any applicable exemptions, and the specific tax rate set by local authorities. This tax bill can significantly impact homeowners, as it represents a recurring annual cost that must be budgeted for. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly. For homeowners in New Washington, property taxes are a crucial consideration, affecting both their annual expenses and the long-term value of their investment.
Average New Washington Tax Bill
$1,475
Average Huron County Tax Bill
$1,432
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Washington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | $1,475 | $1,475 | $1,475 | $1,475 | $1,475 |
Source: Ownwell