Harrison, Ohio Property Taxes
The median property tax rate in Harrison, Ohio is 0.93%, which is slightly below the national median of 0.99% and significantly lower than the Ohio state median of 1.80%. With the median home value in Harrison at $335,980, the typical annual property tax bill reaches $3,183, surpassing the national median of $2,690. Property taxes in Harrison are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Harrison'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 Harrison 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
Harrison, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$3,125
Ownwell’s Harrison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrison 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 Harrison, Ohio
Property taxes in Harrison, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrison is 1.3%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Harrison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrison 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 Harrison's effective property tax rate to other counties in Ohio and the national median. For comparison, the ZIP code 45030 has the highest median property tax rate of 1.3%, while ZIP code 45030 also has the lowest median tax rate of 1.3%. Understanding how these areas compare with Harrison provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrison Tax Rate
0.93%
Average Butler County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45030 | 0.83% | 0.88% | 0.93% | 1.01% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Harrison, Ohio
In Harrison, 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 Butler 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 Harrison, 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. For instance, the zip code with the highest median tax bill is 45030, with a tax bill of $3183. Being aware of these valuation processes in Harrison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harrison Assessed Value
$335,980
Average Butler County Assessed Value
$217,015
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrison, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45030 | $34,488 | $266,935 | $335,980 | $396,035 | $535,388 |
Source: Ownwell
Property Tax Bills Across Harrison, Ohio
In Harrison, property tax bills are calculated based on the assessed value of a home, which is determined by the Butler County assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For instance, the median home price in Harrison is $335,980. Homeowners in Harrison can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is approximately $2,102, while at the 75th percentile, it rises to around $3,894. At the 90th percentile, it can reach up to $4,799. The median tax bill for the highest and lowest zip codes in Harrison is $3,183, which is significantly higher than the national median property tax rate of 0.99%. These factors combined mean that homeowners in Harrison need to budget carefully for their property tax obligations, as they can significantly impact annual expenses.
Average Harrison Tax Bill
$3,183
Average Butler County Tax Bill
$2,621
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45030 | $420 | $2,102 | $3,183 | $3,894 | $4,799 |
Source: Ownwell