Newark, Montgomery County, Ohio Property Taxes

Name: Property Tax Bills Across Newark, Montgomery County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Newark, OH effective property tax rate: 2.72%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Newark, OH home value: $383,340
Median annual Newark, OH tax bill: $10,436, $8,036 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Newark, 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 Newark’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newark, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Newark, Montgomery County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.72%

Estimate Property Tax Bill

$10,427

$9,676

Ownwell’s Newark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newark with just two data points. By entering your property's estimated assessed value, our calculator applies Newark’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Licking County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Newark, Montgomery County, Ohio

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Newark’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. Newark, located in Licking County, has a property tax rate that is significantly higher than the national median property tax rate of 1.02%. This places a substantial financial responsibility on property owners compared to other regions across the country. However, it is important to understand that these tax revenues are crucial for funding essential local services like schools, infrastructure, and emergency services. By appealing your property tax assessment, you might find opportunities to reduce your tax burden. Understanding these dynamics can empower homeowners to make informed decisions about their property taxes.

Property Tax Rates Across Newark, Montgomery County, Ohio

Source: Ownwell

1.27%

2.33%

3.39%

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 Newark Tax Rate

2.72%

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 Newark, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07184	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Newark, Montgomery County, Ohio

When examining property taxes in Newark, 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 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 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 Newark.

For example, the median home price in Newark is $383,340, with tax bills ranging significantly across the county. The national median property tax bill is $2,400, highlighting the variance in tax obligations.

Property Tax Assessment Values Across Newark, Montgomery County, Ohio

Source: Ownwell

$4,930

$124,385

$243,840

Median Newark Market Value

$383,340

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 Newark, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07184	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Newark, Montgomery County, Ohio

In Newark, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the property tax bill. The median home price in Newark is $383,340, and homeowners in Montgomery County often face tax bills around $10,436, which is significantly higher than the national median property tax bill of $2,400. This discrepancy highlights the substantial impact property taxes can have on homeowners in this area.

Various factors, such as property size, location, and improvements, can influence the assessed value. As a result, many homeowners may find themselves paying more than necessary. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can help identify potential savings. With expert guidance, homeowners can potentially reduce their property tax bills, ensuring they pay only their fair share and saving money in the process.

Property Tax Bills Across Newark, Montgomery County, Ohio

Source: Ownwell

$140

$3,884

$7,628

Median Newark Tax Bill

$10,436

Median Montgomery County Tax Bill

$2,435

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Newark, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07184	N/A	N/A	N/A	N/A	N/A

Source: Ownwell