Middletown, Ohio Property Taxes
The median property tax rate in Middletown, OH is 1.36%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $131,160 in Middletown, the typical annual property tax bill is $1,841, surpassing the national median of $2,690. Property taxes in Middletown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Middletown'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 Middletown or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middletown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,784
Ownwell’s Middletown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middletown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middletown 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 Butler County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Middletown, Ohio
Property taxes in Middletown, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middletown is 1.36%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Middletown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middletown 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 Middletown's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45044 zip code has the highest median property tax rate of 1.39%, while the 45042 zip code has the lowest median tax rate of 1.32%. Understanding how these areas compare with Middletown 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 Middletown Tax Rate
1.36%
Average Butler County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middletown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45042 | 0.96% | 1.10% | 1.32% | 1.47% | 1.71% |
| 45044 | 1.00% | 1.21% | 1.39% | 1.55% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Middletown, Ohio
In Middletown, 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 Auditor 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. 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 Middletown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Middletown, the zip code with the highest median tax bill is 45042, with a median tax bill of $1,998. Conversely, the zip code with the lowest median tax bill is 45044, with a median tax bill of $1,680.
Average Middletown Assessed Value
$131,160
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 Middletown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45042 | $66,980 | $101,130 | $155,760 | $233,070 | $303,670 |
| 45044 | $52,160 | $72,655 | $109,750 | $181,950 | $278,212 |
Source: Ownwell
Property Tax Bills Across Middletown, Ohio
Property tax bills in Middletown, located in Butler County, OH, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the final amount, including the property's location, size, and any applicable exemptions or deductions. For example, the median home price in Middletown is $131,160. Homeowners in the 25th percentile can expect a tax bill around $1,165, while those in the 75th percentile might see it rise to approximately $2,833. At the higher end, the 90th percentile tax bill reaches up to $3,997. Comparatively, the highest median tax bill in the region is $1,998 in the 45042 zip code, while the lowest is $1,680 in the 45044 zip code. These property tax bills can significantly impact homeowners' finances, especially when considering the national median property tax rate of 0.99%.
Average Middletown Tax Bill
$1,841
Average Butler County Tax Bill
$2,621
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Middletown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45042 | $841 | $1,343 | $1,998 | $3,018 | $3,971 |
| 45044 | $716 | $1,038 | $1,680 | $2,669 | $4,094 |
Source: Ownwell