Addyston, Ohio Property Taxes
The median property tax rate in Addyston, Ohio is 1.95%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Addyston, the typical annual property tax bill reaches $437, which is significantly lower than the national median of $2,690. Property taxes in Addyston 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 Addyston'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 Addyston 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
Addyston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$481
Ownwell’s Addyston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Addyston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Addyston 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 Addyston, Ohio
Property taxes in Addyston, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Addyston is 1.95%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Addyston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Addyston 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 Addyston's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45001 zip code has the highest median property tax rate of 1.95%, while the same zip code also has the lowest median tax rate of 1.95%. Understanding how these areas compare with Addyston provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Addyston Tax Rate
1.95%
Average Hamilton County Tax Rate
2.32%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Addyston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45001 | 1.87% | 1.89% | 1.95% | 1.97% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Addyston, Ohio
In Addyston, 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 Hamilton 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 Addyston, 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 Addyston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45001 has both the highest and lowest median tax bill at $437.
Average Addyston Assessed Value
$24,660
Average Hamilton County Assessed Value
$139,190
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Addyston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45001 | $10,840 | $15,040 | $24,660 | $39,800 | $75,752 |
Source: Ownwell
Property Tax Bills Across Addyston, Ohio
In Addyston, located in Hamilton County, OH, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. The median home price in Addyston is $24,660, leading to a variety of tax bills depending on the specific property. For example, homeowners in the 25th percentile can expect a tax bill around $275, while those in the 75th percentile might see a bill closer to $865. The 90th percentile tax bill can be as high as $1,520. Compared to the national median property tax rate of 0.99%, Addyston’s rates can significantly impact homeowners, especially given the relatively low property values. The highest and lowest median tax bills in the area both stand at $437, specifically in the 45001 zip code. These figures highlight the range of property tax obligations, underscoring the importance of understanding how local assessments and tax rates affect individual homeowners.
Average Addyston Tax Bill
$437
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Addyston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45001 | $185 | $275 | $437 | $865 | $1,520 |
Source: Ownwell