Hillsboro, Ohio Property Taxes
The median property tax rate in Hillsboro, OH is 1.72%, which is considerably higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With the median home value in Hillsboro at $16,900, the typical annual property tax bill is $290, significantly below the national median of $2,690. Property taxes in Hillsboro are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hillsboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hillsboro or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hillsboro, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$291
Ownwell’s Hillsboro Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Hillsboro. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Hillsboro to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making it easier to plan your finances. For those interested in more detailed information, our trends page provides localized insights on property tax trends in various neighborhoods. Your property’s assessed value, determined by the county, plays a crucial role in these calculations, considering any applicable exemptions.
Property Tax Rates Across Hillsboro, Ohio
Property taxes in Hillsboro, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsboro is 1.72%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hillsboro's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45133 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these areas compare with Hillsboro provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsboro Tax Rate
1.72%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45133 | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, Ohio
In Hillsboro, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adams County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hillsboro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Hillsboro is 45133, with a median tax bill of $290.
Average Hillsboro Assessed Value
$16,900
Average Adams County Assessed Value
$61,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsboro, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45133 | $16,900 | $16,900 | $16,900 | $16,900 | $16,900 |
Source: Ownwell
Property Tax Bills Across Hillsboro, Ohio
In Hillsboro, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Hillsboro is located in Adams County, where the property tax rate is relatively low compared to the national median of 0.99%. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Hillsboro, the median home price is $16,900, which translates to a median annual tax bill of $290. This amount remains consistent across various percentiles, indicating a stable tax environment. The highest and lowest median tax bills in the area are both $290, highlighting uniformity in property tax assessments. For homeowners, understanding these calculations is crucial as it directly impacts their annual financial planning. Lower property taxes can make homeownership more affordable, but it's essential to stay informed about any changes in tax rates or assessed values.
Average Hillsboro Tax Bill
$290
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45133 | $290 | $290 | $290 | $290 | $290 |
Source: Ownwell