Anderson Township, Hamilton County, Ohio Property Taxes
The median property tax rate in Anderson Township, OH is 2.28%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $128,455 in Anderson Township, the typical annual property tax bill reaches $2,884, exceeding the national median of $2,690. Property taxes in Anderson Township 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 Anderson Township'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 Anderson Township 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
Anderson Township, Hamilton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$2,929
$2,718
Ownwell’s Anderson Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anderson Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anderson Township 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 Hamilton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Anderson Township, Hamilton County, Ohio
Property taxes in Anderson Township, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Anderson Township is 2.28%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Anderson Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anderson Township 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 Anderson Township's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45230 has the highest and lowest median property tax rate of 2.28%. Understanding how these areas compare with Anderson Township 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 Anderson Township Tax Rate
2.28%
Average Hamilton County Tax Rate
2.32%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anderson Township, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45230 | 2.12% | 2.27% | 2.28% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Anderson Township, Hamilton County, Ohio
In Anderson Township, 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 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. Assessment notices in Anderson Township 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. In Anderson Township, the median home price is $128,455, with the 25th percentile tax bill at $2,485 and the 75th percentile tax bill at $7,762. The highest and lowest median tax bills are both $2,884 in the 45230 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Anderson Township, Hamilton County, Ohio
Source: Ownwell
$24,660
$251,280
$477,900
Average Anderson Township Assessed Value
$128,455
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 Anderson Township, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45230 | $107,721 | $112,318 | $128,455 | $334,770 | $406,776 |
Source: Ownwell
Property Tax Bills Across Anderson Township, Hamilton County, Ohio
In Anderson Township, Hamilton County, OH, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The median home price in this area is $128,455. Homeowners in Anderson Township can expect a tax bill ranging from $2,485 at the 25th percentile to $7,762 at the 75th percentile, with the 90th percentile reaching up to $9,110. The highest median tax bill in the area is $2,884, observed in the zip code 45230. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Anderson Township's rates can significantly impact homeowners, particularly those with higher-valued properties. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances effectively.
Average Anderson Township Tax Bill
$2,884
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Anderson Township, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45230 | $2,293 | $2,485 | $2,884 | $7,762 | $9,110 |
Source: Ownwell