Hillsboro, Brown County, Ohio Property Taxes
The median property tax rate in Hillsboro, OH is 1.30%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $119,110 in Hillsboro, the typical annual property tax bill amounts to $1,266, falling below the national median of $2,690. Property taxes in Hillsboro are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Hillsboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Hillsboro or another part of Brown County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hillsboro, Brown County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,548
$1,437
Ownwell’s Hillsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsboro 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 Hillsboro, Brown County, Ohio
Property taxes in Hillsboro, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsboro is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro 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 Hillsboro's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45133 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Hillsboro provides valuable insights into the varying tax landscape across Highland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsboro Tax Rate
1.30%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, Brown County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45133 | 0.91% | 1.07% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, Brown County, Ohio
In Hillsboro, 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 Brown 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 Hillsboro, 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 Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Hillsboro is $1,266 in the 45133 zip code, which is also where the lowest median tax bill is found.
Property Tax Assessment Values Across Hillsboro, Brown County, Ohio
Source: Ownwell
$28,870
$118,518
$208,165
Average Hillsboro Assessed Value
$119,110
Average Brown County Assessed Value
$109,630
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsboro, Brown County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45133 | $61,583 | $89,565 | $119,110 | $152,585 | $240,885 |
Source: Ownwell
Property Tax Bills Across Hillsboro, Brown County, Ohio
In Hillsboro, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For example, if the median home price in Hillsboro is $119,110, the assessed value would be a fraction of this amount as defined by local regulations. The tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within Hillsboro, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Hillsboro can expect tax bills ranging from $914 at the 25th percentile to $2,109 at the 90th percentile, illustrating the variability based on property values and individual circumstances. Compared to the national median property tax rate of 0.99%, Hillsboro's rates reflect local economic conditions and funding needs for public services, impacting homeowners' annual financial planning.
Average Hillsboro Tax Bill
$1,266
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, Brown County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45133 | $497 | $914 | $1,266 | $1,616 | $2,109 |
Source: Ownwell