Xenia, Ohio Property Taxes
The median property tax rate in Xenia, OH is 1.43%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Xenia at $248,330, the typical annual property tax bill reaches $3,546, exceeding the national median of $2,690. Property taxes in Xenia 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 Xenia'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 Xenia 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
Xenia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$3,551
Ownwell’s Xenia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Xenia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Xenia 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 Xenia, Ohio
Property taxes in Xenia, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Xenia is 1.43%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Xenia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Xenia 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 Xenia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45385 zip code has the highest median property tax rate of 1.43%, while the 45385 zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Xenia provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Xenia Tax Rate
1.43%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Xenia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | 1.35% | 1.38% | 1.43% | 1.56% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Xenia, Ohio
In Xenia, 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 Clinton 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 Xenia, 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 Xenia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Xenia are both $3,546, found in the 45385 zip code.
Average Xenia Assessed Value
$248,330
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Xenia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | $152,986 | $188,740 | $248,330 | $260,495 | $267,794 |
Source: Ownwell
Property Tax Bills Across Xenia, Ohio
In Xenia, located in Clinton 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 typically a percentage of the property's market value. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, a home in Xenia with a median home price of $248,330 could see tax bills ranging from $2,862 at the 25th percentile to $3,607 at the 90th percentile. The median tax bill stands at $3,546, which is notably higher than the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors can help in budgeting and potentially appealing their tax assessments to ensure fair taxation.
Average Xenia Tax Bill
$3,546
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Xenia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | $2,452 | $2,862 | $3,546 | $3,584 | $3,607 |
Source: Ownwell