New Lexington, Perry County, Ohio Property Taxes
Median New Lexington, OH effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median New Lexington, OH home value: $68,420
Median annual New Lexington, OH tax bill: $903, $1,497 lower than the national median property tax bill of $2,400.
How are property taxes in Perry County calculated?
Property taxes in New Lexington, 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 Lexington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Lexington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Lexington, Perry County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.4%
Estimate Property Tax Bill
$958
$889
Property Tax Rates Across New Lexington, Perry County, Ohio
Local government entities determine tax rates, which can differ significantly within a state. The process involves each county estimating its annual budget needs to provide essential services and dividing that by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the annual procedure in a nutshell.
In New Lexington, located in Perry County, Ohio, the effective property tax rate stands at 1.40%. This figure is notably higher than the national median property tax rate of 1.02%. When comparing New Lexington's rate to other cities in Ohio, it is evident that it matches the highest median property tax rate within the state. This comparison highlights the variability of property tax rates across different regions and underscores the importance of understanding local tax obligations. By appealing or seeking exemptions, property owners can potentially reduce their tax burden and achieve significant 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 Lexington Tax Rate
1.40%
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 Perry County Tax Rate
1.48%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Lexington, Perry County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43764 | 1.01% | 1.30% | 1.40% | 1.47% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across New Lexington, Perry County, Ohio
When examining property taxes in New Lexington, 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 Perry 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 Perry County, assessment notices are sent 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 Lexington.
For example, the median home price in New Lexington is $68,420, with tax bills ranging significantly across the county. Zip code 43764 has the highest median home price at $68,420.
Property Tax Assessment Values Across New Lexington, Perry County, Ohio
Source: Ownwell
$24,980
$92,723
$160,465
Median New Lexington Market Value
$68,420
Median Perry County Market Value
$71,105
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Lexington, Perry County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43764 | $4,830 | $24,330 | $68,420 | $115,190 | $174,540 |
Source: Ownwell
Property Tax Bills Across New Lexington, Perry County, Ohio
Median New Lexington Tax Bill
$903
Median Perry County Tax Bill
$1,003
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across New Lexington, Perry County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43764 | $61 | $311 | $903 | $1,528 | $2,341 |
Source: Ownwell