North Richland Hills, Ohio Property Taxes
The median property tax rate in North Richland Hills, OH is 1.40%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in North Richland Hills at $105,490, the typical annual property tax bill reaches $1,472, which is below the national median of $2,690. Property taxes in North Richland Hills are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Richland Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Richland Hills 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
North Richland Hills, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,477
$1,370
Ownwell’s North Richland Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Richland Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Richland Hills 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 North Richland Hills, Ohio
Property taxes in North Richland Hills, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Richland Hills is 1.40%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Richland Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Richland Hills 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 North Richland Hills' effective property tax rate to other counties in Ohio and the national median. For comparison, the 76182 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with North Richland Hills 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 North Richland Hills Tax Rate
1.40%
Average Butler County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Richland Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76182 | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across North Richland Hills, Ohio
In North Richland Hills, 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 North Richland Hills, 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 North Richland Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 76182 at $1,472, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across North Richland Hills, Ohio
Source: Ownwell
$5,320
$205,470
$405,620
Average North Richland Hills Assessed Value
$105,490
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 North Richland Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76182 | $105,490 | $105,490 | $105,490 | $105,490 | $105,490 |
Source: Ownwell
Property Tax Bills Across North Richland Hills, Ohio
In North Richland Hills, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local tax assessor and is a percentage of your property's market value. Factors such as location, property size, and market conditions play a significant role in determining this value. For instance, the median home price in North Richland Hills is $105,490. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. In Butler County, the tax rate leads to a median property tax bill of $1,472, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in this area can expect their tax bills to be consistent, as the 25th, 75th, and 90th percentiles all report the same value of $1,472. High property tax bills can impact homeowners by increasing their annual housing costs, making it crucial for them to understand how these taxes are calculated and budget accordingly.
Average North Richland Hills Tax Bill
$1,472
Average Butler County Tax Bill
$2,621
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Richland Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76182 | $1,472 | $1,472 | $1,472 | $1,472 | $1,472 |
Source: Ownwell