Oregonia, Ohio Property Taxes
The median property tax rate in Oregonia, OH is 1.38%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Oregonia at $235,120, the typical annual property tax bill reaches $3,024, exceeding the national median of $2,690. Property taxes in Oregonia 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 Oregonia'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 Oregonia 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
Oregonia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$3,245
Ownwell’s Oregonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oregonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oregonia 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 Oregonia, Ohio
Property taxes in Oregonia, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oregonia is 1.38%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Oregonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oregonia 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 Oregonia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45054 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Oregonia provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oregonia Tax Rate
1.38%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oregonia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45054 | 1.06% | 1.08% | 1.38% | 1.53% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Oregonia, Ohio
In Oregonia, 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 Warren 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 Oregonia, 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. Being aware of these valuation processes in Oregonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45054, with a median tax bill of $3,024.
Average Oregonia Assessed Value
$235,120
Average Warren County Assessed Value
$234,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oregonia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45054 | $112,017 | $180,052 | $235,120 | $328,448 | $433,801 |
Source: Ownwell
Property Tax Bills Across Oregonia, Ohio
In Oregonia, located in Warren County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once this value is established, local tax rates, known as millage rates, are applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Oregonia is $235,120, and tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,265, while those in the 75th percentile see bills of approximately $4,401. The highest tax bills, seen by the top 10%, can reach up to $5,758. These property taxes fund essential local services such as schools, public safety, and infrastructure. As a result, homeowners in Oregonia contribute to the community's well-being while experiencing varying financial impacts based on their property's assessed value.
Average Oregonia Tax Bill
$3,024
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Oregonia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45054 | $1,495 | $2,265 | $3,024 | $4,401 | $5,758 |
Source: Ownwell