New Straitsville, Ohio Property Taxes
The median property tax rate in New Straitsville, OH is 1.50%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $24,980, the typical annual property tax bill in New Straitsville amounts to $374, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding New Straitsville'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 Straitsville 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 Straitsville, 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 Straitsville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Straitsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Straitsville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Perry County, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across New Straitsville, Ohio
Property taxes in New Straitsville, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in New Straitsville is 1.50%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Straitsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Straitsville 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 Straitsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43766 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these areas compare with New Straitsville provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Straitsville Tax Rate
1.50%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Straitsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43766 | 0.86% | 1.40% | 1.50% | 2.26% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across New Straitsville, Ohio
In New Straitsville, 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 Perry 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 Straitsville, 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 Straitsville 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 $374.00, notably in the 43766 zip code.
Average New Straitsville Assessed Value
$24,980
Average Perry County Assessed Value
$71,105
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Straitsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43766 | $3,000 | $6,000 | $24,980 | $60,610 | $119,692 |
Source: Ownwell
Property Tax Bills Across New Straitsville, Ohio
In New Straitsville, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Perry County assessor, who evaluates the property's market value and then applies an assessment ratio. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in New Straitsville is $24,980, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $88, while those in the 75th percentile face bills of approximately $1,013. At the 90th percentile, the tax bill can reach up to $1,873. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, New Straitsville's rates reflect the unique economic and property value conditions of the area.
Average New Straitsville Tax Bill
$374
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Straitsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43766 | $44 | $88 | $374 | $1,013 | $1,873 |
Source: Ownwell