Brookville, Ohio Property Taxes
The median property tax rate in Brookville, OH is 1.51%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Brookville at $122,960, the typical annual property tax bill reaches $1,932, falling below the national median of $2,690. Property taxes in Brookville 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 Brookville'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 Brookville 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
Brookville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,857
$1,723
Ownwell’s Brookville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brookville with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Brookville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and reflects any applicable exemptions.
Property Tax Rates Across Brookville, Ohio
Property taxes in Brookville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookville is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brookville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookville 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 Brookville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45309 has both the highest and lowest median property tax rate in the area, which stands at 1.51%. Understanding how these areas compare with Brookville provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookville Tax Rate
1.51%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45309 | 1.43% | 1.50% | 1.51% | 2.02% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Brookville, Ohio
In Brookville, 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 Darke 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 Brookville, 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. For instance, the median home price in Brookville is $122,960, with tax bills ranging from $1,815 at the 25th percentile to $3,426 at the 90th percentile. The zip code 45309 has the highest and lowest median tax bill, both at $1,932. Being aware of these valuation processes in Brookville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brookville Assessed Value
$122,960
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45309 | $99,488 | $112,378 | $122,960 | $146,940 | $202,125 |
Source: Ownwell
Property Tax Bills Across Brookville, Ohio
In Brookville, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For homeowners in Brookville, the median home price is $122,960. The property tax rate in the area is influenced by various factors, including local government budgets, school funding needs, and public services. Homeowners in Brookville can expect property tax bills that vary significantly. For instance, 25% of homeowners pay around $1,815, while those in the 75th percentile see bills closer to $2,111. At the higher end, the 90th percentile of property tax bills reaches up to $3,426. Comparatively, the median property tax rate in Brookville is higher than the national median of 0.99%, reflecting the specific fiscal demands of the local community. These property taxes directly impact homeowners by contributing to the funding of essential services such as schools, infrastructure, and emergency services, thereby enhancing the overall quality of life in Brookville.
Average Brookville Tax Bill
$1,932
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45309 | $1,789 | $1,815 | $1,932 | $2,111 | $3,426 |
Source: Ownwell