Harrison, Hamilton County, Ohio Property Taxes
The median property tax rate in Harrison, Ohio is 1.79%, which is considerably higher than the national median of 0.99% but just below the Ohio state median of 1.80%. With a median home value of $175,780 in Harrison, the typical annual property tax bill amounts to $2,992, surpassing the national median of $2,690. Property taxes in Harrison are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrison'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 Harrison 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
Harrison, Hamilton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$3,146
$2,920
Ownwell’s Harrison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrison 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 Harrison, Hamilton County, Ohio
Property taxes in Harrison, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrison is 1.79%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Harrison set these rates annually, and they can vary across different neighborhoods. Each year, Harrison 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 Harrison's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45030 zip code has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Harrison 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 Harrison Tax Rate
1.79%
Average Hamilton County Tax Rate
2.32%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45030 | 1.50% | 1.61% | 1.79% | 1.80% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Harrison, Hamilton County, Ohio
In Harrison, 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 Harrison, 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. The median home price in Harrison is $175,780, with annual tax bills ranging from $2,039 at the 25th percentile to $5,757 at the 90th percentile. 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 Harrison, Hamilton County, Ohio
Source: Ownwell
$24,660
$251,280
$477,900
Average Harrison Assessed Value
$175,780
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 Harrison, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45030 | $83,130 | $120,790 | $175,780 | $258,680 | $325,354 |
Source: Ownwell
Property Tax Bills Across Harrison, Hamilton County, Ohio
In Harrison, Ohio, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. Hamilton County, where Harrison is located, determines the assessed value and applies the local tax rate to calculate the annual tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. For instance, a median home price in Harrison is $175,780, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile may see tax bills around $2,039, while those in the 75th percentile could pay approximately $4,568. At the 90th percentile, tax bills can reach up to $5,757. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Comparatively, Harrison's property tax rates are influenced by local factors, making them unique from the national median property tax rate of 0.99%. Homeowners must stay informed about these factors to anticipate their annual tax obligations accurately.
Average Harrison Tax Bill
$2,992
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45030 | $1,353 | $2,039 | $2,992 | $4,568 | $5,757 |
Source: Ownwell