Xenia, Ohio Property Taxes
The median property tax rate in Xenia, OH is 1.78%, which is notably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $125,030 in Xenia, the typical annual property tax bill amounts to $2,062, which is less than the national median of $2,690. Property taxes in Xenia are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Xenia'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 Xenia or another part of Greene County, a solid grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Xenia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$2,226
$2,065
Ownwell’s Xenia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Xenia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Xenia 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 Xenia, Ohio
Property taxes in Xenia, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Xenia is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Xenia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Xenia 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 Xenia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45385 zip code has the highest median property tax rate of 1.78%, while the 45385 zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Xenia provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Xenia Tax Rate
1.78%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Xenia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | 1.29% | 1.73% | 1.78% | 1.86% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Xenia, Ohio
In Xenia, 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 Greene 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 Xenia, 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 Xenia is $125,030, with the 25th percentile tax bill at $1,383 and the 75th percentile tax bill at $3,642. The highest median tax bill of $2,062 is found in the 45385 zip code, which also has the lowest median tax bill of $2,062. Being aware of these valuation processes in Xenia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Xenia Assessed Value
$125,030
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Xenia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | $63,084 | $85,900 | $125,030 | $209,030 | $336,098 |
Source: Ownwell
Property Tax Bills Across Xenia, Ohio
In Xenia, Greene County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The county assessor determines this assessed value, and then local tax rates are applied to calculate the tax bill. For instance, with a median home price of $125,030, homeowners can expect varying tax bills depending on specific factors like property location and applicable exemptions. Tax bills in this area can range significantly, with the 25th percentile at $1,383 and the 75th percentile at $3,642. At the higher end, the 90th percentile tax bill reaches up to $7,300. The highest median tax bill recorded in the region is $2,062, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community’s overall quality of life. Accurate assessment and fair taxation are crucial to maintaining these services and ensuring equitable contributions from all property owners.
Average Xenia Tax Bill
$2,062
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Xenia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | $902 | $1,383 | $2,062 | $3,642 | $7,300 |
Source: Ownwell