Montgomery County, Ohio Property Taxes

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Montgomery County's effective property tax rate to other counties in Ohio or the U.S. median property tax rate. Montgomery County's median property tax rate stands at 2.62%, significantly higher than the national median of 1.02%. Within Ohio, Montgomery County's rate is surpassed by Phillipsburg, where the median tax rate reaches 3.39%. On the other hand, West Alexandria has a notably lower rate of 1.27%. Understanding these differences can be crucial for property owners in making informed financial decisions. By appealing your property taxes, you could potentially lower your tax burden, aligning more closely with the lower rates found in other parts of the state.

Property tax bills in Montgomery County, OH, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Montgomery County, the median home price is $98,910, and property taxes can vary significantly depending on the specific area within the county. For instance, Oakwood has the highest median tax bill at $7,481, while Trotwood has the lowest at $1,580. This variation reflects differences in local tax rates and property values.

Homeowners in Montgomery County can expect property tax bills that range from the 25th percentile at $1,447 to the 90th percentile at $6,066. These figures highlight the potential financial impact on homeowners, as the median tax bill can significantly exceed the national median of $2,400. Understanding these factors is crucial for homeowners to budget accordingly and anticipate their annual property tax obligations, which can influence home affordability and overall financial planning.