Arlington Heights, Ohio Property Taxes
The median property tax rate in Arlington Heights, OH is 2.63%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Arlington Heights at $49,975, the typical annual property tax bill reaches $1,241, exceeding the national median of $2,690. Property taxes in Arlington Heights 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 Arlington Heights'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 Arlington Heights 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
Arlington Heights, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.63%
Estimate Property Tax Bill
$1,314
$1,220
Ownwell’s Arlington Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington Heights 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 Arlington Heights, Ohio
Property taxes in Arlington Heights, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington Heights is 2.63%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Arlington Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington Heights 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 Arlington Heights' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45215 zip code has the highest median property tax rate of 2.63%, while the same zip code also has the lowest median tax rate of 2.63%. Understanding how these areas compare with Arlington Heights 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 Arlington Heights Tax Rate
2.63%
Average Hamilton County Tax Rate
2.32%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45215 | 1.56% | 2.63% | 2.63% | 2.64% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Arlington Heights, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Arlington Heights, Ohio. 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. In Arlington Heights, 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. The median home price in Arlington Heights is $49,975, with the 25th percentile tax bill at $877 and the 75th percentile at $1,432. Notably, the zip code 45215 has the highest and lowest median tax bill at $1,241. 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 Arlington Heights Assessed Value
$49,975
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 Arlington Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45215 | $31,184 | $40,828 | $49,975 | $57,720 | $73,738 |
Source: Ownwell
Property Tax Bills Across Arlington Heights, Ohio
In Arlington Heights, located in Hamilton County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Several factors influence this calculation, including the property's location, size, and condition. For homeowners, this means that fluctuations in the real estate market can directly impact their property tax obligations. For example, with a median home price of $49,975 in Arlington Heights, the tax bill can vary significantly. Homeowners at the 25th percentile can expect a tax bill around $877, while those at the 75th percentile might see bills closer to $1,432. At the 90th percentile, tax bills can reach up to $1,765. Comparing these figures to the national median property tax rate of 0.99%, it's evident that property taxes in Arlington Heights can be a substantial expense for homeowners, influencing their overall financial planning and housing affordability.
Average Arlington Heights Tax Bill
$1,241
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45215 | $668 | $877 | $1,241 | $1,432 | $1,765 |
Source: Ownwell