New Paris, Preble County, Ohio Property Taxes
Median New Paris, 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 Paris, OH home value: $90,600
Median annual New Paris, OH tax bill: $1,314, $1,086 lower than the national median property tax bill of $2,400.
How are property taxes in Preble County calculated?
Property taxes in New Paris, 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 Paris’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Paris, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Paris, Preble County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.4%
Estimate Property Tax Bill
$1,268
$1,177
Property Tax Rates Across New Paris, Preble County, Ohio
Local government entities determine tax rates, leading to varying rates within a state. Each year, counties estimate their budgetary needs for public services and divide this by the total assessed value of all taxable properties within their boundaries. This calculation determines the property tax rate. Votes and legislation play roles in setting these rates and budgets, but this annual process is the essence.
New Paris in Preble County, Ohio, has an effective property tax rate of 1.40%, which is notably higher than the national median of 1.02%. Compared to the national median property tax bill of $2400, the rates in New Paris suggest a higher-than-average tax burden. This rate is consistent across Preble County, as both the highest and lowest median tax rates are 1.40% within the same ZIP code, 45347.
This uniformity in rates might simplify the tax landscape for residents, but it also underscores the importance of understanding local tax obligations. By comparing New Paris’s property tax rate to the state and national averages, residents can gain insights into their tax responsibilities and explore potential savings through appeals or exemptions.
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 Paris 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 Preble County Tax Rate
1.43%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Paris, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45347 | 0.89% | 1.19% | 1.40% | 1.64% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across New Paris, Preble County, Ohio
When examining property taxes in New Paris, 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 Preble 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 Preble County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Paris. For example, the median home price in New Paris is $90,600, with tax bills ranging significantly across the county. Zip code 45347 has the highest median home price at $90,600.
Property Tax Assessment Values Across New Paris, Preble County, Ohio
Source: Ownwell
$54,400
$103,550
$152,700
Median New Paris Market Value
$90,600
Median Preble County Market Value
$108,300
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Paris, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45347 | $19,160 | $49,400 | $90,600 | $153,500 | $252,060 |
Source: Ownwell
Property Tax Bills Across New Paris, Preble County, Ohio
Property tax bills in New Paris, located in Preble County, OH, are determined by the assessed value of a property and the local tax rate. The median home price in New Paris stands at $90,600, which contributes to the calculation of the property tax bill. Homeowners in this area experience a range of tax bills, with the 25th percentile at $782 and the 75th percentile reaching $1,961. At the 90th percentile, tax bills can climb to $2,694. Compared to the national median property tax bill of $2,400, New Paris homeowners often pay less, although some do exceed this national figure.
For homeowners looking to reduce their property tax bills, Ownwell offers valuable services. By assisting with property tax appeals and exemptions, Ownwell helps ensure that homeowners are not overpaying. Their expertise can lead to significant savings, providing peace of mind and financial relief. With a deep understanding of local tax laws and valuations, Ownwell is a trusted partner in navigating the complexities of property taxes.
Median New Paris Tax Bill
$1,314
Median Preble County Tax Bill
$1,629
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across New Paris, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45347 | $323 | $782 | $1,314 | $1,961 | $2,694 |
Source: Ownwell