Beavercreek Township, Ohio Property Taxes
The median property tax rate in Beavercreek Township, OH is 2.27%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $264,740 in Beavercreek Township, the typical annual property tax bill reaches $5,934, far exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Beavercreek Township'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 Beavercreek Township or another part of Greene County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beavercreek Township, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$6,010
Ownwell’s Beavercreek Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beavercreek Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beavercreek Township 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 Beavercreek Township, Ohio
Property taxes in Beavercreek Township, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beavercreek Township is 2.27%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Beavercreek Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beavercreek Township 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 Beavercreek Township's effective property tax rate to other areas in Greene County and the national median. For comparison, the 45431 zip code has the highest median property tax rate of 2.56%, while the 45324 zip code has the lowest median tax rate of 2.05%. Understanding how these areas compare with Beavercreek Township provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beavercreek Township Tax Rate
2.27%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beavercreek Township, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45324 | 1.58% | 1.98% | 2.05% | 2.09% | 2.30% |
| 45431 | 2.54% | 2.55% | 2.56% | 2.58% | 2.58% |
| 45434 | 2.06% | 2.27% | 2.27% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Beavercreek Township, Ohio
In Beavercreek Township, 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 Greene County Auditor 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 Beavercreek Township, 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. In Beavercreek Township, the highest median tax bill is $6,021 in the 45434 zip code, while the lowest median tax bill is $2,260 in the 45324 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beavercreek Township, Ohio
Source: Ownwell
$53,770
$225,020
$396,270
Average Beavercreek Township Assessed Value
$264,740
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beavercreek Township, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45324 | $20,815 | $84,562 | $115,545 | $167,160 | $201,324 |
| 45431 | $109,373 | $110,038 | $111,145 | $112,252 | $112,917 |
| 45434 | $149,016 | $235,502 | $268,050 | $300,475 | $342,615 |
Source: Ownwell
Property Tax Bills Across Beavercreek Township, Ohio
In Beavercreek Township, Greene County, OH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of your property. For example, with a median home price of $264,740, the assessed value is used to calculate your tax bill. Several factors influence your property tax bill, including the property’s location, size, and any applicable exemptions. Homeowners in Beavercreek Township can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $4,691, while the 75th percentile reaches $6,796, and the 90th percentile peaks at $7,692. Compared to the national median property tax rate of 0.99%, Beavercreek Township’s rates may seem higher, especially in zip code 45434, which has the highest median tax bill at $6,021. Conversely, zip code 45324 has the lowest median tax bill at $2,260. These taxes fund essential local services, impacting homeowners directly by determining the quality of public services like schools, roads, and emergency services.
Average Beavercreek Township Tax Bill
$5,934
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beavercreek Township, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45324 | $320 | $1,420 | $2,260 | $3,410 | $4,587 |
| 45431 | $2,782 | $2,807 | $2,850 | $2,892 | $2,917 |
| 45434 | $3,070 | $5,112 | $6,021 | $6,858 | $7,762 |
Source: Ownwell