Bellbrook, Ohio Property Taxes
The median property tax rate in Bellbrook, OH is 2.64%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Bellbrook at $34,720, the typical annual property tax bill amounts to $918, which is below the national median of $2,690. Property taxes in Bellbrook are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bellbrook's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bellbrook or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellbrook, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Bellbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellbrook 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 Bellbrook, Ohio
Property taxes in Bellbrook, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellbrook is 1.35%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Bellbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellbrook 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 Bellbrook's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45305 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Bellbrook provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellbrook Tax Rate
2.64%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellbrook, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Bellbrook, Ohio
In Bellbrook, 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 Montgomery 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 Bellbrook, 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 Bellbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $918, specifically in the 45305 zip code.
Average Bellbrook Assessed Value
$34,720
Average Montgomery County Assessed Value
$98,910
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellbrook, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | $34,720 | $34,720 | $34,720 | $34,720 | $34,720 |
Source: Ownwell
Property Tax Bills Across Bellbrook, Ohio
In Bellbrook, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is a percentage of the home's market value. Homeowners in Bellbrook, located in Montgomery County, pay property taxes that contribute to local services such as schools, infrastructure, and emergency services. The tax bill is influenced by the property's assessed value and the local tax rate. For instance, with a median home price of $34,720, homeowners can expect a median property tax bill of $918. This is significantly lower than the national median property tax rate of 0.99%. The uniformity in tax bills, as indicated by the 25th, 75th, and 90th percentiles all being $918, suggests a stable and predictable tax environment for residents. Understanding how these factors interact helps homeowners anticipate their annual expenses and plan their budgets effectively. Lower property tax rates can make homeownership more affordable, potentially increasing the attractiveness of Bellbrook as a residential area.
Average Bellbrook Tax Bill
$918
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellbrook, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | $918 | $918 | $918 | $918 | $918 |
Source: Ownwell