Cincinnati, Ohio Property Taxes
The median property tax rate in Cincinnati, OH is 2.38%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Cincinnati, the typical annual property tax bill reaches $3,020, exceeding the national median of $2,690. Property taxes in Cincinnati 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 Cincinnati'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 Cincinnati 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
Cincinnati, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$3,152
Ownwell’s Cincinnati Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Cincinnati. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Cincinnati to provide an accurate estimate of your property tax bill. This valuable resource helps you grasp potential tax liabilities, giving you a clearer financial picture. For those interested in more detailed insights, scroll down to explore trends and information at the neighborhood level. Your property’s assessed value, determined by Hamilton County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Cincinnati, Ohio
Property taxes in Cincinnati, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Cincinnati is 2.38%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cincinnati set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cincinnati 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 Cincinnati's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45218 zip code has the highest median property tax rate of 2.92%, while the 45241 zip code has the lowest median tax rate of 1.77%. Understanding how these areas compare with Cincinnati provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cincinnati Tax Rate
2.38%
Average Hamilton County Tax Rate
2.32%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cincinnati, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45202 | 0.64% | 1.73% | 2.38% | 2.47% | 2.50% |
| 45203 | 2.38% | 2.38% | 2.38% | 2.39% | 2.47% |
| 45204 | 1.99% | 2.39% | 2.46% | 2.51% | 2.56% |
| 45205 | 1.80% | 2.40% | 2.46% | 2.50% | 2.53% |
| 45206 | 1.43% | 2.38% | 2.38% | 2.46% | 2.48% |
| 45207 | 0.98% | 2.39% | 2.46% | 2.49% | 2.56% |
| 45208 | 1.97% | 2.38% | 2.38% | 2.39% | 2.46% |
| 45209 | 1.92% | 2.38% | 2.38% | 2.39% | 2.47% |
| 45211 | 1.90% | 2.29% | 2.41% | 2.50% | 2.59% |
| 45212 | 1.72% | 2.15% | 2.16% | 2.23% | 2.38% |
| 45213 | 1.97% | 2.38% | 2.39% | 2.47% | 2.51% |
| 45214 | 2.38% | 2.42% | 2.49% | 2.54% | 2.65% |
| 45215 | 1.95% | 2.37% | 2.37% | 2.44% | 2.71% |
| 45216 | 1.86% | 2.40% | 2.49% | 2.78% | 3.34% |
| 45217 | 1.96% | 2.40% | 2.77% | 2.77% | 2.87% |
| 45218 | 2.36% | 2.91% | 2.92% | 2.94% | 3.03% |
| 45219 | 1.39% | 2.38% | 2.47% | 2.47% | 2.50% |
| 45220 | 2.19% | 2.38% | 2.39% | 2.47% | 2.48% |
| 45223 | 0.83% | 2.38% | 2.39% | 2.48% | 2.51% |
| 45224 | 1.87% | 2.39% | 2.43% | 2.60% | 3.24% |
| 45225 | 2.39% | 2.43% | 2.49% | 2.55% | 2.68% |
| 45226 | 1.08% | 2.38% | 2.38% | 2.40% | 2.47% |
| 45227 | 1.87% | 2.39% | 2.48% | 2.71% | 2.89% |
| 45229 | 1.85% | 2.38% | 2.39% | 2.47% | 2.50% |
| 45230 | 2.04% | 2.27% | 2.28% | 2.39% | 2.41% |
| 45231 | 2.24% | 2.45% | 2.66% | 2.94% | 3.24% |
| 45232 | 1.92% | 2.39% | 2.41% | 2.48% | 2.51% |
| 45233 | 1.90% | 2.10% | 2.29% | 2.35% | 2.44% |
| 45236 | 1.69% | 2.20% | 2.49% | 2.64% | 2.83% |
| 45237 | 1.63% | 2.39% | 2.43% | 2.53% | 3.19% |
| 45238 | 1.88% | 2.29% | 2.30% | 2.40% | 2.51% |
| 45239 | 1.88% | 2.29% | 2.33% | 2.40% | 2.51% |
| 45240 | 2.01% | 2.52% | 2.68% | 2.69% | 2.78% |
| 45241 | 1.52% | 1.77% | 1.77% | 1.77% | 1.83% |
| 45242 | 1.53% | 1.68% | 1.89% | 2.10% | 2.11% |
| 45243 | 1.52% | 1.53% | 2.29% | 2.49% | 2.49% |
| 45244 | 2.10% | 2.26% | 2.27% | 2.27% | 2.30% |
| 45245 | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
| 45246 | 1.58% | 1.86% | 1.86% | 2.17% | 2.47% |
| 45247 | 1.93% | 2.11% | 2.29% | 2.31% | 2.37% |
| 45248 | 1.73% | 2.10% | 2.10% | 2.11% | 2.17% |
| 45249 | 1.89% | 1.96% | 2.07% | 2.10% | 2.12% |
| 45251 | 1.85% | 2.31% | 2.31% | 2.38% | 2.41% |
| 45252 | 2.03% | 2.30% | 2.31% | 2.33% | 2.38% |
| 45255 | 2.03% | 2.27% | 2.27% | 2.28% | 2.34% |
| 45263 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
| 45274 | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Cincinnati, Ohio
In Cincinnati, 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 Hamilton 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 Cincinnati, 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. For example, the median home price in Cincinnati is $132,430, with tax bills ranging widely. The 25th percentile tax bill is $1,919, while the 75th percentile reaches $4,945, and the 90th percentile soars to $8,078. The highest median tax bill is $19,521 in zip code 45274, while the lowest is $583 in zip code 45225. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cincinnati Assessed Value
$132,430
Average Hamilton County Assessed Value
$139,190
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cincinnati, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45202 | $124,712 | $204,570 | $300,000 | $470,000 | $713,426 |
| 45203 | $148,064 | $188,910 | $229,930 | $265,180 | $294,000 |
| 45204 | $21,140 | $29,498 | $42,115 | $68,755 | $120,000 |
| 45205 | $25,300 | $33,948 | $46,805 | $64,310 | $89,870 |
| 45206 | $49,955 | $92,730 | $177,295 | $296,140 | $580,647 |
| 45207 | $35,420 | $43,590 | $53,420 | $81,640 | $193,802 |
| 45208 | $167,826 | $261,000 | $390,060 | $611,680 | $921,879 |
| 45209 | $167,279 | $208,000 | $257,475 | $315,020 | $416,835 |
| 45211 | $41,348 | $62,065 | $88,060 | $119,855 | $162,120 |
| 45212 | $67,572 | $87,520 | $124,480 | $175,000 | $235,528 |
| 45213 | $71,749 | $105,325 | $152,030 | $212,000 | $295,362 |
| 45214 | $10,936 | $18,500 | $29,575 | $55,675 | $163,360 |
| 45215 | $36,249 | $67,702 | $123,275 | $236,012 | $387,007 |
| 45216 | $28,514 | $39,330 | $59,720 | $85,280 | $113,886 |
| 45217 | $30,050 | $61,852 | $93,600 | $121,430 | $165,000 |
| 45218 | $60,696 | $91,880 | $115,245 | $140,970 | $158,997 |
| 45219 | $46,269 | $72,982 | $112,605 | $160,202 | $225,000 |
| 45220 | $44,178 | $82,945 | $201,830 | $349,095 | $482,508 |
| 45223 | $28,949 | $58,512 | $98,170 | $175,392 | $264,018 |
| 45224 | $55,474 | $76,345 | $98,000 | $136,975 | $185,278 |
| 45225 | $10,910 | $16,725 | $24,660 | $37,955 | $74,882 |
| 45226 | $75,902 | $180,010 | $304,000 | $531,320 | $755,684 |
| 45227 | $70,001 | $86,998 | $119,165 | $226,372 | $450,343 |
| 45229 | $37,063 | $60,902 | $124,595 | $221,135 | $352,397 |
| 45230 | $101,427 | $129,950 | $168,000 | $238,882 | $371,146 |
| 45231 | $50,185 | $73,288 | $99,530 | $139,410 | $183,005 |
| 45232 | $40,960 | $51,450 | $66,500 | $88,760 | $129,504 |
| 45233 | $76,934 | $123,120 | $195,620 | $275,000 | $389,448 |
| 45236 | $98,860 | $118,360 | $145,200 | $193,345 | $321,010 |
| 45237 | $44,372 | $57,500 | $75,370 | $115,900 | $263,740 |
| 45238 | $61,398 | $80,980 | $111,300 | $145,170 | $186,202 |
| 45239 | $50,390 | $70,000 | $99,755 | $133,898 | $165,000 |
| 45240 | $70,380 | $92,625 | $120,190 | $156,985 | $186,116 |
| 45241 | $112,700 | $136,920 | $176,370 | $253,948 | $373,191 |
| 45242 | $120,672 | $166,460 | $358,270 | $532,000 | $1,026,754 |
| 45243 | $199,020 | $259,675 | $418,250 | $800,000 | $1,274,490 |
| 45244 | $110,513 | $190,000 | $292,715 | $403,768 | $560,847 |
| 45245 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 |
| 45246 | $91,706 | $105,910 | $128,700 | $180,930 | $325,240 |
| 45247 | $78,790 | $123,740 | $185,570 | $259,098 | $342,639 |
| 45248 | $75,842 | $105,530 | $137,050 | $206,220 | $292,958 |
| 45249 | $94,324 | $170,888 | $325,260 | $435,412 | $568,003 |
| 45251 | $61,370 | $77,078 | $106,810 | $153,378 | $202,605 |
| 45252 | $70,000 | $97,970 | $179,080 | $271,370 | $346,220 |
| 45255 | $141,940 | $173,735 | $216,710 | $296,485 | $457,330 |
| 45263 | $385,860 | $385,860 | $385,860 | $385,860 | $385,860 |
| 45274 | $695,580 | $695,580 | $695,580 | $695,580 | $695,580 |
Source: Ownwell
Property Tax Bills Across Cincinnati, Ohio
In Cincinnati, located in Hamilton County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to generate the annual property tax bill. The median home price in Cincinnati is $132,430, and homeowners can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,919, while at the 75th percentile, it reaches approximately $4,945. At the 90th percentile, homeowners might face a tax bill as high as $8,078. Several factors influence these variations, including the home's location, size, and any applicable exemptions or deductions. The highest median tax bill in Cincinnati is $19,521 in the 45274 zip code, while the lowest median tax bill is $583 in the 45225 zip code. Understanding these factors can help homeowners better anticipate their financial responsibilities and plan accordingly.
Average Cincinnati Tax Bill
$3,020
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cincinnati, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45202 | $1,606 | $3,074 | $5,923 | $9,430 | $14,087 |
| 45203 | $3,450 | $4,497 | $5,460 | $6,266 | $6,974 |
| 45204 | $432 | $671 | $989 | $1,612 | $2,872 |
| 45205 | $552 | $768 | $1,085 | $1,516 | $2,073 |
| 45206 | $988 | $1,728 | $3,796 | $6,436 | $13,203 |
| 45207 | $630 | $969 | $1,221 | $1,644 | $3,045 |
| 45208 | $3,751 | $5,954 | $8,804 | $13,078 | $19,602 |
| 45209 | $3,552 | $4,591 | $5,782 | $7,010 | $8,601 |
| 45211 | $958 | $1,409 | $2,072 | $2,814 | $3,769 |
| 45212 | $1,345 | $1,808 | $2,593 | $3,663 | $4,972 |
| 45213 | $1,607 | $2,407 | $3,537 | $5,023 | $7,124 |
| 45214 | $235 | $431 | $712 | $1,315 | $3,819 |
| 45215 | $927 | $1,547 | $2,839 | $5,391 | $9,148 |
| 45216 | $714 | $1,010 | $1,477 | $2,156 | $2,819 |
| 45217 | $793 | $1,491 | $2,398 | $3,161 | $4,139 |
| 45218 | $1,718 | $2,496 | $3,216 | $3,987 | $4,549 |
| 45219 | $831 | $1,491 | $2,471 | $3,646 | $4,955 |
| 45220 | $1,024 | $1,921 | $4,702 | $8,028 | $11,223 |
| 45223 | $632 | $1,178 | $1,986 | $3,249 | $4,917 |
| 45224 | $1,231 | $1,766 | $2,392 | $3,510 | $5,224 |
| 45225 | $198 | $382 | $583 | $905 | $1,681 |
| 45226 | $1,539 | $3,247 | $6,264 | $10,223 | $15,747 |
| 45227 | $1,560 | $2,074 | $2,991 | $5,387 | $10,757 |
| 45229 | $842 | $1,286 | $2,739 | $4,946 | $8,047 |
| 45230 | $2,292 | $2,929 | $3,820 | $5,447 | $8,397 |
| 45231 | $1,211 | $1,763 | $2,562 | $3,853 | $5,239 |
| 45232 | $902 | $1,194 | $1,551 | $2,077 | $2,982 |
| 45233 | $1,659 | $2,686 | $4,181 | $5,993 | $8,532 |
| 45236 | $2,333 | $2,927 | $3,620 | $4,621 | $6,295 |
| 45237 | $898 | $1,305 | $1,855 | $2,836 | $5,924 |
| 45238 | $1,376 | $1,862 | $2,524 | $3,334 | $4,273 |
| 45239 | $1,132 | $1,611 | $2,271 | $3,047 | $3,769 |
| 45240 | $1,700 | $2,346 | $3,045 | $3,899 | $4,716 |
| 45241 | $1,892 | $2,357 | $3,054 | $4,467 | $6,650 |
| 45242 | $2,306 | $3,296 | $6,785 | $10,189 | $18,684 |
| 45243 | $4,594 | $5,947 | $8,762 | $14,593 | $20,537 |
| 45244 | $2,385 | $4,180 | $6,585 | $9,122 | $12,728 |
| 45245 | $2,472 | $2,472 | $2,472 | $2,472 | $2,472 |
| 45246 | $1,656 | $1,946 | $2,419 | $3,520 | $7,429 |
| 45247 | $1,698 | $2,697 | $4,095 | $5,832 | $7,767 |
| 45248 | $1,443 | $2,118 | $2,827 | $4,253 | $6,130 |
| 45249 | $1,826 | $3,434 | $6,623 | $8,960 | $11,770 |
| 45251 | $1,295 | $1,730 | $2,426 | $3,515 | $4,710 |
| 45252 | $1,385 | $2,173 | $3,968 | $6,193 | $7,930 |
| 45255 | $3,063 | $3,864 | $4,877 | $6,701 | $10,367 |
| 45263 | $8,811 | $8,811 | $8,811 | $8,811 | $8,811 |
| 45274 | $19,521 | $19,521 | $19,521 | $19,521 | $19,521 |
Source: Ownwell