Hamersville, Ohio Property Taxes
The median property tax rate in Hamersville, OH is 3.44%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Hamersville at $151,100, the typical annual property tax bill reaches $5,095, exceeding the national median of $2,690. Property taxes in Hamersville 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 Hamersville'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 Hamersville 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
Hamersville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.44%
Estimate Property Tax Bill
$5,198
$4,823
Ownwell’s Hamersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamersville 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 Hamersville, Ohio
Property taxes in Hamersville, Ohio, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamersville is 3.44%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hamersville set these rates annually, and they can vary across different neighborhoods. Each year, Hamersville 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 Hamersville's effective property tax rate to other regions in Ohio and the national median. For comparison, the 45130 zip code has the highest median property tax rate of 3.44%, while the same zip code also has the lowest median tax rate of 3.44%. Understanding how these cities compare with Hamersville 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 Hamersville Tax Rate
3.44%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45130 | 3.34% | 3.40% | 3.44% | 3.47% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Hamersville, Ohio
In Hamersville, 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 Auditor 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 Hamersville, 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 Hamersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $151,100, with tax bills ranging from $3,911 at the 25th percentile to $7,455 at the 90th percentile. The zip code 45130 has the highest and lowest median tax bill at $5,095.
Average Hamersville Assessed Value
$151,100
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 Hamersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45130 | $92,280 | $115,500 | $151,100 | $187,800 | $218,600 |
Source: Ownwell
Property Tax Bills Across Hamersville, Ohio
In Hamersville, Clermont County, OH, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $151,100, and homeowners can expect their tax bills to vary significantly based on the assessed value of their property. For example, the 25th percentile tax bill is $3,911, while the 75th percentile tax bill is $6,478, and the 90th percentile tax bill reaches $7,455. Factors influencing the tax bill include the property's assessed value, local levy rates, and any applicable exemptions. These elements combine to create a tax obligation that homeowners must budget for annually. Compared to the national median property tax rate of 0.99%, Hamersville's tax rates reflect regional economic conditions and funding requirements for public services. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly, ensuring they are prepared for their annual property tax payments.
Average Hamersville Tax Bill
$5,095
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45130 | $3,220 | $3,911 | $5,095 | $6,478 | $7,455 |
Source: Ownwell