Englewood, Ohio Property Taxes
The median property tax rate in Englewood, OH is 1.19%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Englewood at $193,650, the typical annual property tax bill amounts to $2,366, which is below the national median of $2,690. Property taxes in Englewood are calculated based on the assessed value, which is often less than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Englewood'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 Englewood or another part of Miami County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Englewood, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,304
Ownwell’s Englewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Englewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Englewood 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 Englewood, Ohio
Property taxes in Englewood, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Englewood is 1.19%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Englewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Englewood 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 Englewood's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45322 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Englewood provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Englewood Tax Rate
1.19%
Average Miami County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Englewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45322 | 0.98% | 1.08% | 1.19% | 1.22% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Englewood, Ohio
In Englewood, 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 Miami 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 Englewood, 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 in Englewood is $193,650, with tax bills ranging from $1,895 at the 25th percentile to $4,428 at the 90th percentile. The highest and lowest median tax bills are both $2,366 in the 45322 zip code. 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 Englewood Assessed Value
$193,650
Average Miami County Assessed Value
$159,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Englewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45322 | $90,830 | $153,125 | $193,650 | $266,450 | $371,490 |
Source: Ownwell
Property Tax Bills Across Englewood, Ohio
In Englewood, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the Miami County Auditor's office. The assessed value typically represents a percentage of the property's market value. Homeowners in Englewood can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,895, while the 75th percentile tax bill reaches $3,223, and the 90th percentile can be as high as $4,428. Various factors influence the tax bill, including the property's location within the county, the local tax rate, and any applicable exemptions or deductions. The median home price in Englewood is $193,650, and the property tax rate in Miami County generally aligns closely with the national median rate of 0.99%. These taxes fund essential services such as public education, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help residents anticipate their tax obligations and plan accordingly.
Average Englewood Tax Bill
$2,366
Average Miami County Tax Bill
$2,118
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Englewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45322 | $1,398 | $1,895 | $2,366 | $3,223 | $4,428 |
Source: Ownwell