North Bend, Ohio Property Taxes
The median property tax rate in North Bend, OH is 2.09%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $215,465 in North Bend, the typical annual property tax bill reaches $4,432, surpassing the national median of $2,690. Property taxes in North Bend are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Bend'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 North Bend 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
North Bend, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$4,503
$4,179
Ownwell’s North Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Bend 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 North Bend, Ohio
Property taxes in North Bend, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in North Bend is 2.09%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Bend 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 North Bend's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45052 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 North Bend 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 North Bend 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 North Bend, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45052 | 1.87% | 2.08% | 2.09% | 2.16% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across North Bend, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Bend, 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 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 North Bend, 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 North Bend is $215,465, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $2,131, while the 75th percentile reaches $5,935, and the 90th percentile can be as high as $8,231. The zip code 45052 has both the highest and lowest median tax bill at $4,432. 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 North Bend Assessed Value
$215,465
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 North Bend, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45052 | $55,313 | $105,000 | $215,465 | $286,170 | $391,565 |
Source: Ownwell
Property Tax Bills Across North Bend, Ohio
In North Bend, located in Hamilton County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this area stands at $215,465. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in North Bend can expect their tax bills to vary significantly, with the 25th percentile paying around $2,131 and the 75th percentile facing bills of up to $5,935. For those at the 90th percentile, tax bills can reach as high as $8,231. These figures indicate a broad range of property tax liabilities that can impact homeowners differently based on the value of their property. The highest and lowest median tax bills in the county are both $4,432, indicating some consistency across different areas within the county. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average North Bend Tax Bill
$4,432
Average Hamilton County Tax Bill
$3,119
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Bend, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45052 | $1,106 | $2,131 | $4,432 | $5,935 | $8,231 |
Source: Ownwell