Greenville, Ohio Property Taxes
The median property tax rate in Greenville, OH is 1.36%, noticeably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Greenville, the typical annual property tax bill amounts to $1,354, which is below the national median of $2,690. Property taxes in Greenville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Greenville'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 Greenville 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
Greenville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,454
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, Ohio
Property taxes in Greenville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 1.36%, which is higher than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45331 has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these figures compare with Greenville 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 Greenville Tax Rate
1.36%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45331 | 1.02% | 1.25% | 1.36% | 1.37% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Ohio
In Greenville, 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 Greenville, 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. Greenville's median home price is $106,900, with tax bills ranging from $924 at the 25th percentile to $2,808 at the 90th percentile. The highest and lowest median tax bills, both $1,354, are found in the 45331 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenville Assessed Value
$106,900
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 Greenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45331 | $50,020 | $72,790 | $106,900 | $154,870 | $218,880 |
Source: Ownwell
Property Tax Bills Across Greenville, Ohio
In Greenville, located in Darke County, OH, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Greenville is $106,900, and the property tax rate plays a crucial role in calculating the final tax bill. Homeowners can expect a wide range of tax bills, with the 25th percentile at $924 and the 75th percentile reaching $2,001. For those at the higher end, the 90th percentile tax bill can be as high as $2,808. Factors influencing the tax bill include the assessed value of the property, which is a percentage of the market value, and any applicable exemptions or deductions. Comparing this to the national median property tax rate of 0.99%, Greenville homeowners may find their tax bills to be somewhat aligned with national trends. The highest median tax bill in the area is $1,354, found in the 45331 zip code, indicating a relatively consistent tax environment within the city. This consistency helps homeowners plan and budget for their annual property tax obligations.
Average Greenville Tax Bill
$1,354
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45331 | $630 | $924 | $1,354 | $2,001 | $2,808 |
Source: Ownwell