New Bremen, Shelby County, Ohio Property Taxes
The median property tax rate in New Bremen, OH is 1.49%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in New Bremen at $224,985, the typical annual property tax bill reaches $3,347, exceeding the national median of $2,690. Property taxes in New Bremen are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Bremen'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 Bremen 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 Bremen, Shelby County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$3,352
$3,111
Ownwell’s New Bremen Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Bremen using just two pieces of information. By inputting your property's estimated assessed value, the calculator uses the median tax rate in New Bremen to provide an estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities. 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, considering any applicable exemptions.
Property Tax Rates Across New Bremen, Shelby County, Ohio
Property taxes in New Bremen, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Bremen is 1.49%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within New Bremen set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Bremen 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 Bremen's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45869 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with New Bremen provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Bremen Tax Rate
1.49%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Bremen, Shelby County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45869 | 0.91% | 1.36% | 1.49% | 1.55% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across New Bremen, Shelby County, Ohio
In New Bremen, 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 Shelby 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 Bremen, 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 Bremen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45869 has the highest and lowest median tax bill, both at $3,347, which is significantly higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across New Bremen, Shelby County, Ohio
Source: Ownwell
$36,790
$130,888
$224,985
Average New Bremen Assessed Value
$224,985
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Bremen, Shelby County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45869 | $135,225 | $164,118 | $224,985 | $325,280 | $484,170 |
Source: Ownwell
Property Tax Bills Across New Bremen, Shelby County, Ohio
In New Bremen, property tax bills are calculated based on the assessed value of a home, which is determined by the Shelby County assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in New Bremen, the median home price is $224,985. Based on this value, tax bills typically range from $2,350 at the 25th percentile to $5,429 at the 90th percentile, reflecting variations in property values and any applicable exemptions or deductions. The property tax rate in New Bremen is influenced by local government budgets and the needs of public services such as schools, police, and infrastructure. Homeowners with properties in the highest median tax bill zip code, 45869, can expect an annual tax bill of around $3,347. This amount is significantly higher than the national median property tax rate of 0.99%, highlighting the regional differences in property tax burdens. These taxes play a crucial role in funding essential community services, directly impacting the quality of life for residents.
Average New Bremen Tax Bill
$3,347
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across New Bremen, Shelby County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45869 | $2,036 | $2,350 | $3,347 | $4,196 | $5,429 |
Source: Ownwell