New Washington, Seneca County, Ohio Property Taxes
The median property tax rate in New Washington, OH is 1.45%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $159,490 in New Washington, the typical annual property tax bill amounts to $2,157, surpassing the national median of $2,690. Property taxes in New Washington are determined based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding the property tax system in New Washington, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New Washington or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Washington, Seneca County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$2,313
$2,146
Ownwell’s NEW WASHINGTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NEW WASHINGTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NEW WASHINGTON 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 New Washington, Seneca County, Ohio
Property taxes in New Washington, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Washington is 1.45%, which is 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 zip code 44854 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with New Washington provides valuable insights into the varying tax landscape across Seneca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Washington Tax Rate
1.45%
Average Seneca County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Washington, Seneca County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | 0.86% | 1.08% | 1.45% | 1.56% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across New Washington, Seneca County, 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 Seneca 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. 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. The highest median tax bill in the area is $2,157 in the 44854 zip code, which is also the lowest, reflecting a consistent tax landscape.
Property Tax Assessment Values Across New Washington, Seneca County, Ohio
Source: Ownwell
$61,020
$110,255
$159,490
Average New Washington Assessed Value
$159,490
Average Seneca County Assessed Value
$95,080
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Washington, Seneca County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | $101,565 | $106,485 | $159,490 | $208,862 | $361,505 |
Source: Ownwell
Property Tax Bills Across New Washington, Seneca County, Ohio
In New Washington, located in Seneca County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors influence the assessed value, including the home's location, size, and overall condition. Homeowners in New Washington can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,661, while the 75th percentile reaches $2,585. At the higher end, the 90th percentile tax bill is approximately $3,256. The median home price in the area stands at $159,490, which is a key factor in these calculations. Compared to the national median property tax rate of 0.99%, New Washington's property tax bills reflect the local economic conditions and property values, impacting homeowners by contributing to their annual expenses and influencing decisions related to buying or selling property in the area.
Average New Washington Tax Bill
$2,157
Average Seneca County Tax Bill
$1,391
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Washington, Seneca County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44854 | $1,434 | $1,661 | $2,157 | $2,585 | $3,256 |
Source: Ownwell