Newtown, Hamilton County, Ohio Property Taxes
Median Newtown, OH effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Newtown, OH home value: $335,055
Median annual Newtown, OH tax bill: $7,781, $5,381 higher than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in Newtown, 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 Newtown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newtown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newtown, Hamilton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.42%
Estimate Property Tax Bill
$8,108
$7,524
Property Tax Rates Across Newtown, Hamilton County, Ohio
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Newtown, Hamilton County, Ohio, the effective property tax rate is significantly higher than both the state and national medians. With a median property tax rate of 2.42%, property owners in this area face a substantial tax burden compared to the national median of 1.02%. This disparity highlights the importance of understanding local tax rates and their impact on property owners. While the national median property tax bill stands at $2,400, property owners in Newtown can expect to pay considerably more due to the higher tax rate.
By understanding how these rates are determined and how they compare to state and national medians, property owners can make informed decisions and potentially explore opportunities for tax appeals or exemptions to alleviate their financial burden.
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 Newtown Tax Rate
2.42%
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 Hamilton County Tax Rate
2.32%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newtown, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45244 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Newtown, Hamilton County, Ohio
When examining property taxes in Newtown, 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 Hamilton County Auditor 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 Hamilton 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 Newtown. For example, the median home price in Newtown is $335,055, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Newtown, Hamilton County, Ohio
Source: Ownwell
$24,660
$251,280
$477,900
Median Newtown Market Value
$335,055
Median Hamilton County Market Value
$139,190
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newtown, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45244 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Newtown, Hamilton County, Ohio
In Newtown, located in Hamilton County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and represents a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. In Newtown, the property tax bills range significantly, with the 25th percentile at $5,695 and the 75th percentile reaching $9,867, indicating a broad spectrum influenced by home value and local tax rates. For comparison, the national median property tax bill is $2,400, highlighting the relatively higher tax burden in this area.
Homeowners in Newtown can benefit from Ownwell's expertise in property tax appeals and exemptions. By reviewing the assessed value for accuracy and identifying potential exemptions, Ownwell helps homeowners achieve significant savings on their property tax bills. This service ensures that homeowners pay only their fair share, potentially reducing their financial burden and aligning their tax bills more closely with national averages.
Median Newtown Tax Bill
$7,781
Median Hamilton County Tax Bill
$3,119
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Newtown, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45244 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell