Miami County, Ohio Property Taxes
The median property tax rate in Miami County is 1.33%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Miami County at $159,300, the typical annual property tax bill reaches $2,118, which is below the national median of $2,690. Property taxes in Miami County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Miami County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Troy or another part of Miami County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Miami County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$2,119
$1,966
Ownwell’s Miami County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Miami County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Miami County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Miami County, Ohio
Property taxes in Miami County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Miami County is 1.33%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Miami County set these rates annually, and they can vary significantly between different areas within the county. Each year, Miami County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Dayton has one of the higher property tax rates in Ohio at 1.66%, while the city of Sidney boasts one of the lowest at 1.15%. Analyzing how Miami County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Miami County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miami County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcanum | N/A | N/A | N/A | N/A | N/A |
| Bradford | 0.92% | 1.13% | 1.33% | 1.33% | 1.36% |
| Brookville | N/A | N/A | N/A | N/A | N/A |
| Casstown | 0.88% | 0.99% | 1.17% | 1.24% | 1.67% |
| Conover | 0.94% | 1.19% | 1.24% | 1.26% | 1.32% |
| Covington | 0.96% | 1.14% | 1.20% | 1.26% | 1.29% |
| Dayton | 1.36% | 1.55% | 1.66% | 1.67% | 1.69% |
| Englewood | 0.98% | 1.08% | 1.19% | 1.22% | 1.59% |
| Fletcher | 1.02% | 1.20% | 1.27% | 1.46% | 1.65% |
| Laura | 0.96% | 1.19% | 1.22% | 1.25% | 1.28% |
| Ludlow Falls | 0.90% | 1.08% | 1.22% | 1.26% | 1.29% |
| New Carlisle | 1.10% | 1.46% | 1.66% | 1.67% | 1.69% |
| Piqua | 1.10% | 1.40% | 1.41% | 1.45% | 1.46% |
| Pleasant Hill | 1.02% | 1.26% | 1.28% | 1.29% | 1.31% |
| Potsdam | 0.88% | 1.22% | 1.22% | 1.25% | 1.25% |
| Saint Paris | N/A | N/A | N/A | N/A | N/A |
| Sidney | N/A | N/A | N/A | N/A | N/A |
| Tipp City | 1.34% | 1.51% | 1.52% | 1.63% | 1.69% |
| Troy | 1.09% | 1.20% | 1.29% | 1.33% | 1.43% |
| West Milton | 1.00% | 1.19% | 1.29% | 1.29% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Miami County, Ohio
In Miami County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Miami County Appraisal District. The assessed value, however, 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. Assessment notices in Miami County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Tipp City has the highest median tax bill at $3,541, while Potsdam has the lowest at $782. Being aware of these valuation processes in Miami County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Miami County Assessed Value
$159,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miami County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcanum | N/A | N/A | N/A | N/A | N/A |
| Bradford | $34,300 | $65,350 | $105,300 | $176,200 | $275,720 |
| Brookville | N/A | N/A | N/A | N/A | N/A |
| Casstown | $73,710 | $107,800 | $202,100 | $293,375 | $397,910 |
| Conover | $10,140 | $58,900 | $97,200 | $164,600 | $269,500 |
| Covington | $23,160 | $95,900 | $140,900 | $209,300 | $311,540 |
| Dayton | $73,580 | $124,800 | $166,500 | $219,150 | $310,840 |
| Englewood | $90,830 | $153,125 | $193,650 | $266,450 | $371,490 |
| Fletcher | $9,660 | $59,575 | $102,200 | $183,650 | $263,270 |
| Laura | $36,720 | $83,500 | $130,800 | $218,250 | $303,400 |
| Ludlow Falls | $40,080 | $89,900 | $185,300 | $270,000 | $368,900 |
| New Carlisle | $94,180 | $160,300 | $224,500 | $327,200 | $422,640 |
| Piqua | $44,500 | $69,250 | $100,700 | $153,450 | $228,100 |
| Pleasant Hill | $74,430 | $104,925 | $140,200 | $204,175 | $282,480 |
| Potsdam | $11,030 | $30,025 | $69,500 | $93,575 | $118,930 |
| Saint Paris | N/A | N/A | N/A | N/A | N/A |
| Sidney | N/A | N/A | N/A | N/A | N/A |
| Tipp City | $109,800 | $166,300 | $226,800 | $301,300 | $382,100 |
| Troy | $87,800 | $120,000 | $179,900 | $266,000 | $374,900 |
| West Milton | $46,740 | $99,075 | $133,600 | $193,075 | $268,760 |
Source: Ownwell
Property Tax Bills Across Miami County, Ohio
In Miami 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 a percentage of the home's market value. The tax rate, which varies by location within the county, is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Miami County experience a range of tax bills. For instance, the 25th percentile tax bill is $1,355, while the 75th percentile tax bill rises to $3,351. At the 90th percentile, homeowners can expect to pay around $4,782. Comparatively, the national median property tax rate is 0.99%, highlighting that tax obligations in Miami County can vary significantly. In Tipp City, the highest median tax bill is $3,541, whereas in Potsdam, it is as low as $782. These variations illustrate the diverse property tax landscape within the county and its impact on homeowners.
Average Miami County Tax Bill
$2,118
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Miami County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcanum | N/A | N/A | N/A | N/A | N/A |
| Bradford | $459 | $824 | $1,315 | $2,064 | $3,102 |
| Brookville | N/A | N/A | N/A | N/A | N/A |
| Casstown | $959 | $1,515 | $2,258 | $3,128 | $4,142 |
| Conover | $146 | $654 | $1,152 | $1,959 | $2,947 |
| Covington | $491 | $1,185 | $1,696 | $2,417 | $3,440 |
| Dayton | $1,201 | $1,834 | $2,741 | $3,422 | $4,846 |
| Englewood | $1,398 | $1,895 | $2,366 | $3,223 | $4,428 |
| Fletcher | $129 | $828 | $1,403 | $2,249 | $3,105 |
| Laura | $601 | $1,058 | $1,578 | $2,547 | $3,640 |
| Ludlow Falls | $526 | $1,124 | $2,085 | $3,160 | $4,280 |
| New Carlisle | $1,343 | $2,355 | $3,519 | $4,955 | $6,279 |
| Piqua | $612 | $951 | $1,389 | $2,079 | $3,134 |
| Pleasant Hill | $936 | $1,326 | $1,748 | $2,451 | $3,301 |
| Potsdam | $141 | $403 | $782 | $1,104 | $1,455 |
| Saint Paris | N/A | N/A | N/A | N/A | N/A |
| Sidney | N/A | N/A | N/A | N/A | N/A |
| Tipp City | $1,863 | $2,562 | $3,541 | $4,788 | $6,033 |
| Troy | $1,154 | $1,548 | $2,289 | $3,403 | $4,697 |
| West Milton | $869 | $1,263 | $1,692 | $2,388 | $3,375 |
Source: Ownwell