New Bloomington, Marion County, Ohio Property Taxes
Median New Bloomington, OH effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median New Bloomington, OH home value: $118,040
Median annual New Bloomington, OH tax bill: $1,701, $699 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in New Bloomington, 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 Bloomington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Bloomington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Bloomington, Marion County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$1,782
$1,654
Property Tax Rates Across New Bloomington, Marion County, Ohio
Local government entities are responsible for setting tax rates, which can vary widely within a state. The reason for this is that each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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 New Bloomington, located in Marion County, Ohio, the effective property tax rate is a reflection of this process. When compared to other cities in Ohio and the national median, New Bloomington's rate can provide insight into the local government's budgetary needs and property value assessments. Understanding these differences is crucial for property owners, as it affects their annual tax bills. While Ohio's median property tax rate is higher than the national median, it highlights the importance of appealing property assessments and seeking exemptions where applicable. Engaging with property tax consultants can help ensure that property owners are not overpaying and are taking advantage of potential savings.
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 Bloomington Tax Rate
1.51%
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 Marion County Tax Rate
1.35%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Bloomington, Marion County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43341 | 1.14% | 1.30% | 1.51% | 1.57% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across New Bloomington, Marion County, Ohio
When examining property taxes in New Bloomington, 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 Marion 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.
Assessment notices: Marion County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Bloomington.
For example, the median home price in New Bloomington is $118,040, with tax bills ranging significantly across the county. Zip code 43341 has the highest median home price at $118,040.
Property Tax Assessment Values Across New Bloomington, Marion County, Ohio
Source: Ownwell
$90,060
$149,260
$208,460
Median New Bloomington Market Value
$118,040
Median Marion County Market Value
$101,515
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Bloomington, Marion County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43341 | $12,213 | $59,550 | $118,040 | $172,388 | $239,901 |
Source: Ownwell
Property Tax Bills Across New Bloomington, Marion County, Ohio
Median New Bloomington Tax Bill
$1,701
Median Marion County Tax Bill
$1,434
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across New Bloomington, Marion County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43341 | $211 | $964 | $1,701 | $2,436 | $3,386 |
Source: Ownwell