Bellbrook, Ohio Property Taxes
The median property tax rate in Bellbrook, OH is 2.43%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Bellbrook at $211,695, the typical annual property tax bill reaches $4,880, exceeding the national median of $2,690. Property taxes in Bellbrook 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 Bellbrook'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 Bellbrook 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
Bellbrook, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Bellbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellbrook 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 Bellbrook, Ohio
Property taxes in Bellbrook, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellbrook is 2.43%, significantly higher than both the Ohio state median of 1.52% and the U.S. national median of 0.99%. Local government entities within Bellbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellbrook 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 Bellbrook's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45305 zip code has the highest median property tax rate of 2.43%, while the same zip code also has the lowest median tax rate of 2.43%. Understanding how these cities compare with Bellbrook 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 Bellbrook Tax Rate
2.43%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellbrook, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | 2.04% | 2.29% | 2.43% | 2.44% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Bellbrook, Ohio
In Bellbrook, 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 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 Bellbrook, 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. The median home price here is $211,695, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $3,737, while the 75th percentile tax bill is $7,227. 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 Bellbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellbrook Assessed Value
$211,695
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 Bellbrook, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | $135,439 | $163,328 | $211,695 | $312,748 | $397,246 |
Source: Ownwell
Property Tax Bills Across Bellbrook, Ohio
In Bellbrook, located in Greene County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate, also known as the millage rate, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rates set by local taxing authorities. For instance, the median home price in Bellbrook is $211,695, and homeowners can expect annual property tax bills ranging from $3,737 at the 25th percentile to $9,135 at the 90th percentile. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax is calculated helps in budgeting and financial planning, ensuring they are prepared for these annual expenses.
Average Bellbrook Tax Bill
$4,880
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellbrook, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | $2,705 | $3,737 | $4,880 | $7,227 | $9,135 |
Source: Ownwell