New Waterford, Columbiana County, Ohio Property Taxes
Median New Waterford, OH effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median New Waterford, OH home value: $122,850
Median annual New Waterford, OH tax bill: $1,499, $901 lower than the national median property tax bill of $2,400.
How are property taxes in Columbiana calculated?
Property taxes in New Waterford, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding New Waterford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Waterford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Waterford, Columbiana County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$1,536
$1,425
Property Tax Rates Across New Waterford, Columbiana County, Ohio
Local government entities are responsible for setting property tax rates, which can vary significantly within Ohio. The process begins with each county estimating its required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. Although the process involves votes and legal considerations, this is the fundamental annual procedure.
In New Waterford, located in Columbiana County, the effective property tax rate stands at 1.25%. This rate is higher than the national median property tax rate of 1.02%. When compared to other cities within Ohio, New Waterford's rate is consistent with the state's median, reflecting the broader tax landscape of the region. Additionally, the median property tax bill in Ohio is often higher than the national median of $2,400, indicating a more substantial financial commitment for property owners in the area. Understanding these rates can help homeowners make informed decisions about property investments and financial planning in New Waterford and beyond.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Waterford Tax Rate
1.25%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Columbiana County Tax Rate
1.27%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Waterford, Columbiana County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44445 | 1.04% | 1.15% | 1.25% | 1.37% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across New Waterford, Columbiana County, Ohio
When examining property taxes in New Waterford, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Columbiana County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Columbiana County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Waterford.
For example, the median home price in New Waterford is $122,850, with tax bills ranging significantly across the county. Zip code 44445 has the highest median home price at $122,850.
Property Tax Assessment Values Across New Waterford, Columbiana County, Ohio
Source: Ownwell
$60,400
$107,100
$153,800
Median New Waterford Market Value
$122,850
Median Columbiana County Market Value
$95,700
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Waterford, Columbiana County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44445 | $40,010 | $79,875 | $122,850 | $166,925 | $220,360 |
Source: Ownwell
Property Tax Bills Across New Waterford, Columbiana County, Ohio
Median New Waterford Tax Bill
$1,499
Median Columbiana County Tax Bill
$1,157
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across New Waterford, Columbiana County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44445 | $449 | $958 | $1,499 | $2,040 | $2,717 |
Source: Ownwell