Sharonville, Ohio Property Taxes
The median property tax rate in Sharonville, OH is 1.17%, which is higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $405,620 in Sharonville, the typical annual property tax bill amounts to $4,774, significantly surpassing the national median of $2,690. Property taxes in Sharonville are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sharonville'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 Sharonville or another part of Butler County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sharonville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,746
$4,404
Ownwell’s Sharonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharonville 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 Sharonville, Ohio
Property taxes in Sharonville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sharonville is 1.17%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sharonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sharonville 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 Sharonville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45241 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Sharonville 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 Sharonville Tax Rate
1.17%
Average Butler County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45241 | 1.01% | 1.15% | 1.17% | 1.22% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Sharonville, Ohio
In Sharonville, 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. 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 Sharonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sharonville is $4,774, found in zip code 45241, which is also the lowest median tax bill.
Average Sharonville Assessed Value
$405,620
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 Sharonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45241 | $195,938 | $255,778 | $405,620 | $432,880 | $454,312 |
Source: Ownwell
Property Tax Bills Across Sharonville, Ohio
Property tax bills in Sharonville, located in Butler County, Ohio, are determined by assessing the market value of a property and applying the local tax rate to this value. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Several factors influence this calculation, including property size, location, and any improvements made. Homeowners in Sharonville can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $2,905, while the 75th percentile tax bill reaches $5,183, and the 90th percentile is even higher at $5,731. These figures highlight the range of property tax burdens faced by residents. Compared to the national median property tax rate of 0.99%, Sharonville's tax rates can be substantial, reflecting the area's property values and local government funding needs. This variability in tax bills can significantly impact homeowners, influencing decisions on property investments and financial planning.
Average Sharonville Tax Bill
$4,774
Average Butler County Tax Bill
$2,621
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharonville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45241 | $2,138 | $2,905 | $4,774 | $5,183 | $5,731 |
Source: Ownwell