Cameron, Ohio Property Taxes
The median property tax rate in Cameron, Ohio is 0.97%, slightly lower than the national median of 0.99% but significantly below Ohio's state median of 1.80%. With a median home value of $24,800 in Cameron, the typical annual property tax bill amounts to $234, which is substantially less than the national median of $2,690. Property taxes in Cameron are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural land. Navigating Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in meaningful annual savings. Whether you're in the heart of Cameron or other parts of Monroe County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$241
$223
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, Ohio
Property taxes in Cameron, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43914 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Cameron provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.97%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43914 | 0.95% | 0.97% | 0.97% | 0.98% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Ohio
In Cameron, 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 Monroe 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43914, with a value of $234.00, while the lowest median tax bill is also in zip code 43914, at $234.00.
Average Cameron Assessed Value
$24,800
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43914 | $4,378 | $8,112 | $24,800 | $61,895 | $119,620 |
Source: Ownwell
Property Tax Bills Across Cameron, Ohio
In Cameron, located in Monroe County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Cameron can expect their property tax bills to vary significantly, with the 25th percentile tax bill being around $82 and the 75th percentile reaching up to $599. At the 90th percentile, tax bills can climb as high as $1,164, reflecting the variation in property values and tax rates within the city. The median home price in Cameron is approximately $24,800, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, Cameron’s property tax rates may appear relatively low. These tax bills are crucial for homeowners as they contribute to local services and infrastructure, impacting the community’s quality of life. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Cameron Tax Bill
$234
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43914 | $43 | $82 | $234 | $599 | $1,164 |
Source: Ownwell