Mount Orab, Highland County, Ohio Property Taxes
The median property tax rate in Mount Orab, OH is 1.12%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $112,900 in Mount Orab, the typical annual property tax bill amounts to $1,164, falling below the national median of $2,690. Property taxes in Mount Orab are based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Mount Orab'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 Mount Orab 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
Mount Orab, Highland County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,264
$1,173
Ownwell’s Mount Orab Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Orab with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Orab 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 Mount Orab, Highland County, Ohio
Property taxes in Mount Orab, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Orab is 1.48%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Mount Orab set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Orab 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 Mount Orab's effective property tax rate to other counties in Ohio and the national median. For comparison, the highest median property tax rate in Highland County is also 1.48%, while the lowest median tax rate is 1.48%. Understanding how these cities compare with Mount Orab provides valuable insights into the varying tax landscape across Highland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Orab Tax Rate
1.12%
Average Highland County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Orab, Highland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45154 | 0.69% | 0.97% | 1.12% | 1.12% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mount Orab, Highland County, Ohio
In Mount Orab, 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 Highland 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 Mount Orab, 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 Mount Orab helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $112,900, with tax bills ranging from $378 at the 25th percentile to $2,578 at the 90th percentile. The highest and lowest median tax bills, both at $1,164, are found in the 45154 zip code.
Property Tax Assessment Values Across Mount Orab, Highland County, Ohio
Source: Ownwell
$40,750
$97,725
$154,700
Average Mount Orab Assessed Value
$112,900
Average Highland County Assessed Value
$82,400
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Orab, Highland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45154 | $15,160 | $33,550 | $112,900 | $183,750 | $259,770 |
Source: Ownwell
Property Tax Bills Across Mount Orab, Highland County, Ohio
In Mount Orab, located in Highland 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 typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including changes in property values, local government budgets, and approved tax levies for schools or infrastructure projects. For instance, the median home price in Mount Orab is $112,900, and property tax bills can range significantly. Homeowners in the 25th percentile pay around $378 annually, while those in the 75th percentile see bills up to $1,891. At the 90th percentile, tax bills can reach $2,578. These tax obligations directly impact homeowners by influencing their annual housing costs and potentially affecting property values. Compared to the national median property tax rate of 0.99%, Highland County's rates reflect the local economic conditions and public service needs.
Average Mount Orab Tax Bill
$1,164
Average Highland County Tax Bill
$971
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Orab, Highland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45154 | $116 | $378 | $1,164 | $1,891 | $2,578 |
Source: Ownwell