Preble County Property Taxes
The median property tax rate in Preble County is 1.43%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Preble County at $108,300, the typical annual property tax bill amounts to $1,629, which is below the national median of $2,690. Property taxes in Preble County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Preble County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Eaton or another part of Preble County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Preble County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,549
Ownwell’s Preble County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Preble County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Preble County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Preble County, Ohio
Property taxes in Preble County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Preble County is 1.43%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Preble County set these rates annually, and they can vary significantly between different areas within the county. Each year, Preble County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Verona has one of the higher property tax rates in Ohio at 2.04%, while the city of Farmersville boasts one of the lowest at 0.98%. Analyzing how Preble County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Preble County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Preble County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcanum | 1.37% | 1.57% | 1.59% | 1.62% | 1.64% |
| Brookville | 0.87% | 1.33% | 1.60% | 1.62% | 1.75% |
| Camden | 0.82% | 1.14% | 1.33% | 1.46% | 1.61% |
| College Corner | 0.84% | 1.12% | 1.29% | 1.55% | 1.68% |
| Eaton | N/A | N/A | N/A | N/A | N/A |
| Eldorado | 0.81% | 1.22% | 1.52% | 1.60% | 1.68% |
| Farmersville | 0.86% | 0.89% | 0.98% | 1.04% | 1.34% |
| Germantown | 0.70% | 0.96% | 1.22% | 1.25% | 1.35% |
| Gratis | 1.01% | 1.28% | 1.32% | 1.35% | 1.43% |
| Lewisburg | 0.95% | 1.37% | 1.60% | 1.81% | 1.89% |
| Middletown | 0.88% | 1.10% | 1.24% | 1.28% | 1.34% |
| New Paris | 0.89% | 1.19% | 1.40% | 1.64% | 1.79% |
| Oxford | 0.67% | 0.70% | 1.21% | 1.48% | 1.58% |
| Somerville | 0.88% | 1.07% | 1.24% | 1.29% | 1.46% |
| Verona | 1.43% | 1.96% | 2.04% | 2.15% | 2.38% |
| West Alexandria | 0.87% | 1.15% | 1.31% | 1.49% | 1.66% |
| West Elkton | 1.06% | 1.18% | 1.29% | 1.68% | 3.28% |
| West Manchester | 0.88% | 1.24% | 1.47% | 1.65% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Preble County, Ohio
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Preble County, Ohio. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Preble County Appraisal District. The assessed value, however, 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. Assessment notices in Preble County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Preble County, the city with the highest median tax bill is Arcanum at $2,285, while the lowest is West Elkton at $789. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Preble County Assessed Value
$108,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Preble County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcanum | $83,900 | $107,275 | $143,850 | $190,675 | $279,550 |
| Brookville | $51,940 | $109,775 | $132,250 | $166,475 | $223,060 |
| Camden | $4,900 | $32,700 | $96,400 | $170,300 | $265,670 |
| College Corner | $32,280 | $67,075 | $98,400 | $167,875 | $285,110 |
| Eaton | N/A | N/A | N/A | N/A | N/A |
| Eldorado | $35,100 | $58,450 | $89,400 | $129,682 | $341,025 |
| Farmersville | $97,480 | $115,300 | $128,000 | $184,150 | $218,368 |
| Germantown | $58,860 | $79,000 | $152,700 | $208,800 | $287,392 |
| Gratis | $40,950 | $74,500 | $89,000 | $107,425 | $131,090 |
| Lewisburg | $48,850 | $88,175 | $129,700 | $189,772 | $305,095 |
| Middletown | $53,140 | $95,800 | $131,000 | $180,300 | $266,518 |
| New Paris | $19,160 | $49,400 | $90,600 | $153,500 | $252,060 |
| Oxford | $142,996 | $152,440 | $186,200 | $256,390 | $304,540 |
| Somerville | $27,700 | $90,150 | $131,800 | $184,900 | $275,400 |
| Verona | $23,310 | $42,975 | $65,700 | $87,175 | $104,790 |
| West Alexandria | $51,220 | $82,800 | $120,000 | $184,450 | $282,560 |
| West Elkton | $11,840 | $30,750 | $54,400 | $84,550 | $121,100 |
| West Manchester | $41,960 | $66,100 | $92,600 | $142,775 | $273,242 |
Source: Ownwell
Property Tax Bills Across Preble County, Ohio
In Preble County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. The median home price in Preble County is $108,300, with tax bills ranging from the 25th percentile at $1,094 to the 75th percentile at $2,288, and up to the 90th percentile at $3,153. Homeowners in Arcanum face the highest median tax bill at $2,285, while those in West Elkton have the lowest at $789. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Preble County's rates reflect the local economic conditions and funding needs, affecting homeowners' annual financial obligations.
Average Preble County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Preble County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcanum | $1,247 | $1,733 | $2,285 | $2,813 | $3,845 |
| Brookville | $996 | $1,629 | $1,857 | $2,131 | $3,207 |
| Camden | $89 | $573 | $1,274 | $1,985 | $2,766 |
| College Corner | $533 | $932 | $1,359 | $2,002 | $2,688 |
| Eaton | N/A | N/A | N/A | N/A | N/A |
| Eldorado | $584 | $891 | $1,321 | $1,837 | $2,977 |
| Farmersville | $985 | $1,202 | $1,630 | $1,974 | $2,007 |
| Germantown | $745 | $878 | $1,660 | $2,287 | $2,846 |
| Gratis | $590 | $909 | $1,155 | $1,371 | $1,677 |
| Lewisburg | $944 | $1,474 | $2,064 | $2,764 | $3,651 |
| Middletown | $695 | $1,209 | $1,579 | $2,165 | $2,641 |
| New Paris | $323 | $782 | $1,314 | $1,961 | $2,694 |
| Oxford | $1,710 | $1,786 | $2,185 | $2,250 | $2,746 |
| Somerville | $483 | $1,123 | $1,588 | $2,111 | $2,727 |
| Verona | $572 | $934 | $1,320 | $1,756 | $2,139 |
| West Alexandria | $770 | $1,176 | $1,650 | $2,214 | $2,949 |
| West Elkton | $163 | $502 | $789 | $1,471 | $2,095 |
| West Manchester | $737 | $1,040 | $1,378 | $1,964 | $2,976 |
Source: Ownwell