New London, Huron County, Ohio Property Taxes
Median New London, OH effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median New London, OH home value: $84,470
Median annual New London, OH tax bill: $1,121, $1,279 lower than the national median property tax bill of $2,400.
How are property taxes in Huron calculated?
Property taxes in New London, 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 London’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New London, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New London, Huron County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.26%
Estimate Property Tax Bill
$1,064
$988
Property Tax Rates Across New London, Huron County, Ohio
Local government entities set tax rates, which can vary significantly within a state. Each county estimates its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
New London in Huron County, Ohio, has an effective property tax rate of 1.26%. This rate is notably above the national median of 1.02%, highlighting the variation in tax burdens across the country. Comparing this to other cities in Ohio, New London shares the same effective property tax rate, which is consistent with both the highest and lowest rates in the state, as indicated by its zip code 44851. The median property tax rate in Ohio aligns with New London's rate, reflecting the state's overall tax structure. This comparison underscores the importance of understanding local tax rates, as they can significantly impact property owners' financial responsibilities.
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 London Tax Rate
1.26%
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 Huron County Tax Rate
1.36%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New London, Huron County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44851 | 0.99% | 1.20% | 1.26% | 1.32% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across New London, Huron County, Ohio
When examining property taxes in New London, 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 Huron 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 Huron 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 London.
For example, the median home price in New London is $84,470, with tax bills ranging significantly across the county. Zip code 44851 has the highest median home price at $84,470.
Property Tax Assessment Values Across New London, Huron County, Ohio
Source: Ownwell
$40,200
$82,415
$124,630
Median New London Market Value
$84,470
Median Huron County Market Value
$102,520
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New London, Huron County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44851 | $8,746 | $45,560 | $84,470 | $130,032 | $185,944 |
Source: Ownwell
Property Tax Bills Across New London, Huron County, Ohio
Median New London Tax Bill
$1,121
Median Huron County Tax Bill
$1,432
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across New London, Huron County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44851 | $214 | $723 | $1,121 | $1,670 | $2,338 |
Source: Ownwell