Anderson, Ohio Property Taxes
The median property tax rate in Anderson, Ohio is 5.41%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Anderson, the typical annual property tax bill reaches $9,729, exceeding the national median of $2,690. Property taxes in Anderson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anderson'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 Anderson 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
Anderson, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Anderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anderson 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 Anderson, Ohio
Property taxes in Anderson, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anderson is 1.58%, which is significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Anderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anderson 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 Anderson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45244 zip code has both the highest and lowest median property tax rate of 1.58%. Understanding how these areas compare with Anderson provides valuable insights into the varying tax landscape across Clermont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anderson Tax Rate
5.41%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anderson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45244 | 4.65% | 4.66% | 5.41% | 5.41% | 5.42% |
Source: Ownwell
Property Tax Assessment Values Across Anderson, Ohio
In Anderson, 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 Clermont 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 Anderson, 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 Anderson 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 45244, with a tax bill of $9,729, while the zip code with the lowest median tax bill also happens to be 45244, at $9,729.
Average Anderson Assessed Value
$180,250
Average Clermont County Assessed Value
$145,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anderson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45244 | $127,600 | $150,675 | $180,250 | $197,575 | $210,080 |
Source: Ownwell
Property Tax Bills Across Anderson, Ohio
In Anderson, located in Clermont County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For context, the median home price in Anderson is $180,250. Homeowners in this area can expect a property tax bill ranging from $7,286 at the 25th percentile to $10,651 at the 75th percentile, with the 90th percentile reaching up to $11,376. The highest median tax bill in the region is $9,729, found in the 45244 zip code. These property taxes fund various public services, including schools, infrastructure, and emergency services. Given that the national median property tax rate is 0.99%, Anderson's tax rates are relatively high, impacting homeowners by increasing their annual expenses. This makes it crucial for homeowners to understand how their tax bills are calculated and to explore any available exemptions or appeal options to potentially reduce their tax burden.
Average Anderson Tax Bill
$9,729
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Anderson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45244 | $6,058 | $7,286 | $9,729 | $10,651 | $11,376 |
Source: Ownwell