Urbana, Champaign County, Ohio Property Taxes
Median Urbana, OH effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Urbana, OH home value: $137,810
Median annual Urbana, OH tax bill: $1,923, $477 lower than the national median property tax bill of $2,400.
How are property taxes in Champaign calculated?
Property taxes in Urbana, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Urbana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Urbana, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Urbana, Champaign County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.46%
Estimate Property Tax Bill
$2,012
$1,867
Property Tax Rates Across Urbana, Champaign County, Ohio
Local government entities set property tax rates, which can vary widely within Ohio. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Urbana in Champaign County has an effective property tax rate of 1.46%, which is higher than the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates in Ohio, both at 1.46%. The median property tax bill in Urbana is likely to be higher compared to the national median bill of $2400 due to this rate. This comparison highlights the importance of understanding local tax rates and their impact on property owners. Evaluating these differences can be crucial for homeowners looking to manage their property tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Urbana Tax Rate
1.46%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Champaign County Tax Rate
1.33%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Urbana, Champaign County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43078 | 1.01% | 1.22% | 1.46% | 1.49% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Urbana, Champaign County, Ohio
When examining property taxes in Urbana, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Champaign County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Champaign County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Urbana. For example, the median home price in Urbana is $137,810, with tax bills ranging significantly across the county. Zip code 43078 has the highest median home price at $137,810.
Property Tax Assessment Values Across Urbana, Champaign County, Ohio
Source: Ownwell
$68,455
$136,350
$204,245
Median Urbana Market Value
$137,810
Median Champaign County Market Value
$139,430
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Urbana, Champaign County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43078 | $27,032 | $88,720 | $137,810 | $204,265 | $311,254 |
Source: Ownwell
Property Tax Bills Across Urbana, Champaign County, Ohio
In Urbana, located in Champaign County, Ohio, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in Urbana face a median property tax bill of $1,923, aligning with the national median of $2,400. While the tax rate may seem moderate, it can still significantly impact homeowners, particularly those with larger properties or higher market values. The tax bill varies, with the 25th percentile at $1,316 and the 75th percentile reaching $2,782, showing a range of tax burdens within the community. The highest tax bills can soar to the 90th percentile at $3,983, which can be a financial strain for some homeowners.
Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax liability. By leveraging expertise and local market insights, Ownwell can identify discrepancies in assessed values and ensure homeowners pay only their fair share, providing significant savings and peace of mind.
Median Urbana Tax Bill
$1,923
Median Champaign County Tax Bill
$1,926
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Urbana, Champaign County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43078 | $748 | $1,316 | $1,923 | $2,782 | $3,983 |
Source: Ownwell