Owensville, Ohio Property Taxes
The median property tax rate in Owensville, OH is 3.11%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Owensville at $89,300, the typical annual property tax bill reaches $2,733, just below the national median of $2,690. Property taxes in Owensville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Owensville'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 Owensville 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
Owensville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.11%
Estimate Property Tax Bill
$2,777
Ownwell’s Owensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Owensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Owensville 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 Clermont County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Owensville, Ohio
Property taxes in Owensville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Owensville is 3.11%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Owensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Owensville 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 Owensville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45160 has both the highest and lowest median property tax rate of 3.11%. Understanding how these areas compare with Owensville 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 Owensville Tax Rate
3.11%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Owensville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45160 | 2.90% | 3.08% | 3.11% | 3.11% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Owensville, Ohio
In Owensville, 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 Owensville, 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 Owensville 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 45160, at $2,733.00, which is significantly above the national median property tax rate of 0.99%.
Average Owensville Assessed Value
$89,300
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 Owensville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45160 | $11,300 | $62,900 | $89,300 | $121,700 | $161,000 |
Source: Ownwell
Property Tax Bills Across Owensville, Ohio
In Owensville, located in Clermont County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. For example, a median home price in Owensville is $89,300. The property tax rate for the area is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Owensville can expect to see a range of tax bills, with the 25th percentile paying around $1,848 and the 75th percentile paying up to $3,781. At the higher end, the 90th percentile of property tax bills can reach $5,003. Comparatively, the national median property tax rate is 0.99%, making Owensville's property tax rates relatively moderate. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Owensville Tax Bill
$2,733
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Owensville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45160 | $322 | $1,848 | $2,733 | $3,781 | $5,003 |
Source: Ownwell