Brandon, Ohio Property Taxes
The median property tax rate in Brandon, Ohio is 2.75%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Brandon at $114,330, the typical annual property tax bill reaches $3,144, surpassing the national median of $2,690. Property taxes in Brandon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brandon'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 Brandon 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
Brandon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$3,144
Ownwell’s Brandon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brandon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brandon 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 Brandon, Ohio
Property taxes in Brandon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandon is 1.25%, higher than both the Ohio state median of 1.56% and the U.S. national median of 0.99%. Local government entities within Brandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandon 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 Brandon's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44107 zip code has the highest median property tax rate of 2.44%, while the 45701 zip code has the lowest median tax rate of 0.86%. Understanding how these cities compare with Brandon provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brandon Tax Rate
2.75%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33510 | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Brandon, Ohio
In Brandon, 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 Montgomery 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. Assessment notices in Brandon 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. The median home price in Brandon is $114,330, with the highest and lowest median tax bills both recorded at $3,144 in zip code 33510. 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 Brandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brandon Assessed Value
$114,330
Average Montgomery County Assessed Value
$98,910
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brandon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33510 | $114,330 | $114,330 | $114,330 | $114,330 | $114,330 |
Source: Ownwell
Property Tax Bills Across Brandon, Ohio
Property tax bills in Brandon, Montgomery County, Ohio, 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 property tax rate to determine the annual tax bill. Unlike the national median property tax rate of 0.99%, homeowners in Brandon face a different rate, which directly influences their tax obligations. Several factors contribute to the assessed value, including the property's market value, condition, and any improvements made. In Brandon, the median home price is $114,330. This value serves as a benchmark for calculating tax bills, which can vary significantly based on the property's specific characteristics. For instance, tax bills in the 25th, 75th, and 90th percentiles are all reported at $3,144, indicating a uniformity in tax rates across different property values within the city. These property tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Brandon Tax Bill
$3,144
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33510 | $3,144 | $3,144 | $3,144 | $3,144 | $3,144 |
Source: Ownwell