Pleasant Hill, Ohio Property Taxes
The median property tax rate in Pleasant Hill, OH is 1.28%, which is 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 Pleasant Hill at $140,200, the typical annual property tax bill amounts to $1,748, which is below the national median of $2,690. Property taxes in Pleasant Hill are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Pleasant Hill'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 Pleasant Hill 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
Pleasant Hill, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,795
Ownwell’s Pleasant Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Hill 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 Pleasant Hill, Ohio
Property taxes in Pleasant Hill, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hill is 1.28%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Pleasant Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Hill 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 Pleasant Hill's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45359 zip code has the highest median property tax rate of 1.28%, while the 45359 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Pleasant Hill provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hill Tax Rate
1.28%
Average Miami County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45359 | 1.02% | 1.26% | 1.28% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hill, Ohio
In Pleasant Hill, 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 Miami 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 Pleasant Hill, 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. Pleasant Hill's property tax bills range from $1,326 at the 25th percentile to $3,301 at the 90th percentile. The highest and lowest median tax bills are both $1,748, found in zip code 45359. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pleasant Hill Assessed Value
$140,200
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 Pleasant Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45359 | $74,430 | $104,925 | $140,200 | $204,175 | $282,480 |
Source: Ownwell
Property Tax Bills Across Pleasant Hill, Ohio
In Pleasant Hill, Miami County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is a percentage of the market value, reflecting the estimated price the property would sell for in the current market. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors influencing the tax bill include the property's location, size, and any improvements or renovations. In Pleasant Hill, the median home price is $140,200, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $1,326, while the 75th percentile reaches $2,451, and the 90th percentile can be as high as $3,301. These property taxes contribute to local services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual housing costs compared to the national median property tax rate of 0.99%.
Average Pleasant Hill Tax Bill
$1,748
Average Miami County Tax Bill
$2,118
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45359 | $936 | $1,326 | $1,748 | $2,451 | $3,301 |
Source: Ownwell