Cleves, Ohio Property Taxes
The median property tax rate in Cleves, OH is 2.09%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Cleves at $212,690, the typical annual property tax bill reaches $4,281, significantly exceeding the national median of $2,690. Property taxes in Cleves 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 Cleves' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cleves or another part of Hamilton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleves, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$4,445
Ownwell’s Cleves Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cleves with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleves to estimate your property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by Hamilton County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cleves, Ohio
Property taxes in Cleves, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleves is 2.09%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cleves set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleves 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 Cleves's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45002 has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these areas compare with Cleves 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 Cleves Tax Rate
2.09%
Average Hamilton County Tax Rate
2.32%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleves, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45002 | 1.83% | 1.97% | 2.09% | 2.11% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Cleves, Ohio
In Cleves, 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 Cleves, 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 Cleves helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cleves is $4,281 in the 45002 zip code, while the lowest median tax bill in the same zip code is also $4,281.
Average Cleves Assessed Value
$212,690
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 Cleves, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45002 | $57,760 | $110,850 | $212,690 | $292,730 | $376,944 |
Source: Ownwell
Property Tax Bills Across Cleves, Ohio
In Cleves, Hamilton County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $212,690, homeowners can expect varying tax bills depending on their property's specific assessed value and any applicable exemptions. Factors influencing the tax bill include the property's location within different school districts or special tax districts, as well as any improvements made to the property. Homeowners in Cleves face tax bills ranging from the 25th percentile at $2,156 to the 90th percentile at $7,920, with the highest median tax bill recorded at $4,281 in the 45002 zip code. Compared to the national median property tax rate of 0.99%, Cleves homeowners experience a significant range in their property tax obligations. This variability can impact household budgets and the overall affordability of homeownership in the area.
Average Cleves Tax Bill
$4,281
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleves, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45002 | $1,174 | $2,156 | $4,281 | $6,013 | $7,920 |
Source: Ownwell