Trenton, Ohio Property Taxes
The median property tax rate in Trenton, OH is 1.18%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $190,420 in Trenton, the typical annual property tax bill amounts to $2,289, which is below the national median of $2,690. Property taxes in Trenton are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Trenton'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 Trenton or another part of Butler County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trenton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$2,247
Ownwell’s Trenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trenton 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 Trenton, Ohio
Property taxes in Trenton, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trenton is 1.18%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Trenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trenton 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 Trenton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45067 zip code has the highest median property tax rate of 1.18%, while the 45067 zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Trenton 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 Trenton Tax Rate
1.18%
Average Butler County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45067 | 0.97% | 1.09% | 1.18% | 1.25% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Trenton, Ohio
In Trenton, 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 Trenton, 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 Trenton 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 45067, with a median tax bill of $2,289.
Average Trenton Assessed Value
$190,420
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 Trenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45067 | $92,388 | $146,520 | $190,420 | $235,380 | $279,578 |
Source: Ownwell
Property Tax Bills Across Trenton, Ohio
In Trenton, located in Butler County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Trenton is $190,420, and the property tax rate in this region significantly impacts homeowners. For instance, the 25th percentile tax bill is $1,772, while the 75th percentile tax bill rises to $2,742. At the 90th percentile, homeowners can expect to pay around $3,189. These tax bills are determined by multiplying the assessed value of the property by the local property tax rate. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value. Compared to the national median property tax rate of 0.99%, Trenton's property taxes can be seen as relatively moderate or high, depending on the specific property and its assessed value. This variability in tax bills affects homeowners by influencing their annual housing costs and potentially their long-term financial planning.
Average Trenton Tax Bill
$2,289
Average Butler County Tax Bill
$2,621
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Trenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45067 | $1,255 | $1,772 | $2,289 | $2,742 | $3,189 |
Source: Ownwell