Nashport, Ohio Property Taxes
The median property tax rate in Nashport, OH is 1.92%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $146,650 in Nashport, the typical annual property tax bill reaches $2,639, nearly matching the national median of $2,690. Property taxes in Nashport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Nashport'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 Nashport or another part of Licking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nashport, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$2,816
$2,613
Ownwell’s NASHPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NASHPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NASHPORT 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 Nashport, Ohio
Property taxes in Nashport, Ohio, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashport is 1.92%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities in Nashport set these rates annually, and they can vary across different neighborhoods. Each year, Nashport 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 Nashport's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43830 in Licking County has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these areas compare with Nashport provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nashport Tax Rate
1.92%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43830 | 1.38% | 1.88% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Nashport, Ohio
In Nashport, 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 Licking 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 Nashport, 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 Nashport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,639 in zip code 43830, while the lowest is also $2,639 in the same zip code.
Average Nashport Assessed Value
$146,650
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nashport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43830 | $16,940 | $59,500 | $146,650 | $231,875 | $325,070 |
Source: Ownwell
Property Tax Bills Across Nashport, Ohio
In NASHPORT, property tax bills are calculated based on the assessed value of the property, which is determined by the Licking County assessor's office. This assessed value is a percentage of the property's market value. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. These rates can vary depending on local levies and school district funding requirements. For homeowners in NASHPORT, the tax bill can significantly impact their finances. The tax bill can range widely, with the 25th percentile around $1,020 and the 90th percentile reaching up to $5,612. The median home price in NASHPORT is $146,650, and the median property tax rate is relatively high compared to the national median of 0.99%. This means homeowners in NASHPORT can expect to pay a substantial amount in property taxes, which can affect their overall housing affordability and budget planning. Understanding these factors is crucial for homeowners looking to manage their expenses effectively.
Average Nashport Tax Bill
$2,639
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43830 | $300 | $1,020 | $2,639 | $4,150 | $5,612 |
Source: Ownwell