Butler, Ohio Property Taxes
The median property tax rate in Butler, Ohio is 1.55%, notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Butler at $166,700, the typical annual property tax bill amounts to $2,636, which is just below the national median of $2,690. Property taxes in Butler are calculated based on the assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Butler'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 Butler 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
Butler, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$2,584
$2,398
Ownwell’s Butler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butler 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 Butler, Ohio
Property taxes in Butler, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler is 1.58%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44822 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Butler provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butler Tax Rate
1.55%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | 0.97% | 1.37% | 1.55% | 1.58% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Ohio
In Butler, 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 Knox 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 Butler, 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. For instance, the median home price in Butler is $166,700, with tax bills ranging from $1,578 at the 25th percentile to $5,446 at the 90th percentile. 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 Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butler Assessed Value
$166,700
Average Knox County Assessed Value
$133,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | $35,438 | $102,800 | $166,700 | $278,290 | $438,306 |
Source: Ownwell
Property Tax Bills Across Butler, Ohio
In Butler, property tax bills are calculated based on the assessed value of a home, which is determined by the Butler County Auditor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Butler is $166,700, and property tax bills can vary significantly depending on the specific value of the home and applicable exemptions. For example, homeowners in the 25th percentile can expect to pay around $1,578 annually, while those in the 75th percentile might see bills as high as $3,951. At the 90th percentile, tax bills can reach $5,446. These figures illustrate the range of property tax obligations in Butler, which can have a substantial impact on homeowners' finances. Compared to the national median property tax rate of 0.99%, Butler's property tax rates reflect the local economic conditions and funding requirements for public services such as schools and infrastructure.
Average Butler Tax Bill
$2,636
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | $540 | $1,578 | $2,636 | $3,951 | $5,446 |
Source: Ownwell