Miamiville, Ohio Property Taxes
The median property tax rate in Miamiville, OH is 6.01%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Miamiville, the typical annual property tax bill reaches $5,474, far exceeding the national median of $2,690. Property taxes in Miamiville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Miamiville'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 Miamiville 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
Miamiville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.01%
Estimate Property Tax Bill
$5,547
Ownwell’s MIAMIVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIAMIVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIAMIVILLE to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Miamiville, Ohio
Property taxes in Miamiville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miamiville is 6.01%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Miamiville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miamiville 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 Miamiville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45147 zip code has the highest median property tax rate of 6.01%, while the 45147 zip code also has the lowest median tax rate of 6.01%. Understanding how these cities compare with Miamiville provides valuable insights into the varying tax landscape across Clermont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miamiville Tax Rate
6.01%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miamiville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45147 | 5.49% | 5.92% | 6.01% | 6.05% | 6.05% |
Source: Ownwell
Property Tax Assessment Values Across Miamiville, Ohio
In MIAMIVILLE, 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 Clermont 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 MIAMIVILLE, 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 MIAMIVILLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45147, with a median tax bill of $5,474, while the same zip code also has the lowest median tax bill at $5,474.
Average Miamiville Assessed Value
$92,300
Average Clermont County Assessed Value
$145,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miamiville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45147 | $9,640 | $34,750 | $92,300 | $122,800 | $148,620 |
Source: Ownwell
Property Tax Bills Across Miamiville, Ohio
In MIAMIVILLE, located in Clermont County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local government determines this assessed value, and then various tax rates from different taxing authorities, such as school districts and municipal services, are applied. The median home price in MIAMIVILLE is $92,300, and homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,666, while the 75th percentile reaches $7,391, and the 90th percentile goes up to $8,800. These tax bills have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their financial planning. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners in MIAMIVILLE to understand how their local rates and assessed values compare. By staying informed, homeowners can better anticipate their annual expenses and plan accordingly.
Average Miamiville Tax Bill
$5,474
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Miamiville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45147 | $580 | $1,666 | $5,474 | $7,391 | $8,800 |
Source: Ownwell