New Lebanon, Montgomery County, Ohio Property Taxes
Median NEW LEBANON, OH effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median NEW LEBANON, OH home value: $85,800
Median annual NEW LEBANON, OH tax bill: $2071, $329 lower than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in NEW LEBANON, 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 LEBANON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NEW LEBANON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Lebanon, Montgomery County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.59%
Estimate Property Tax Bill
$2,222
$2,062
Property Tax Rates Across New Lebanon, Montgomery County, Ohio
Local government entities set tax rates, which can vary significantly within a state. This is because 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 determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In New Lebanon, located in Montgomery County, Ohio, the effective property tax rate is a crucial consideration for homeowners. Comparing New Lebanon's rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. provides valuable context. With Ohio's median property tax rate standing at 1.52%, New Lebanon's rate is notably higher, reflecting regional variations. Nationally, the median property tax rate is 1.02%, which further highlights the difference. Understanding these differences is essential for property owners looking to manage their tax liabilities effectively. By being aware of these variations, homeowners in New Lebanon can make informed decisions about their property investments and financial planning.
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 Lebanon Tax Rate
2.59%
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 Montgomery County Tax Rate
2.62%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Lebanon, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45345 | 1.32% | 1.99% | 2.59% | 2.64% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across New Lebanon, Montgomery County, Ohio
When examining property taxes in New Lebanon, 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 Montgomery 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 Montgomery 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 Lebanon.
For example, the median home price in New Lebanon is $85,800, with tax bills ranging significantly across the county. Zip code 45345 has the highest median home price at $85,800.
Property Tax Assessment Values Across New Lebanon, Montgomery County, Ohio
Source: Ownwell
$4,930
$124,385
$243,840
Median New Lebanon Market Value
$85,800
Median Montgomery County Market Value
$98,910
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Lebanon, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45345 | $55,066 | $73,165 | $85,800 | $118,465 | $165,436 |
Source: Ownwell
Property Tax Bills Across New Lebanon, Montgomery County, Ohio
In New Lebanon, Montgomery County, OH, property tax bills are calculated based on the assessed value of a home, determined by the county's appraisal office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in New Lebanon experience a median property tax bill of $2,071, which is slightly below the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. With tax bills ranging from $1,598 at the 25th percentile to $3,514 at the 90th percentile, it's clear that property taxes can significantly impact homeowners' finances.
Ownwell provides expert property tax appeal and exemption services to help homeowners reduce their tax burdens. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings. Our team of professionals works on behalf of homeowners to negotiate with tax authorities, potentially lowering their tax bills and providing financial relief. With Ownwell's assistance, homeowners in New Lebanon can ensure they are not overpaying on their property taxes.
Median New Lebanon Tax Bill
$2,071
Median Montgomery County Tax Bill
$2,435
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across New Lebanon, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45345 | $1,143 | $1,598 | $2,071 | $2,599 | $3,514 |
Source: Ownwell