Celina, Ohio Property Taxes
The median property tax rate in Celina, Ohio is 2.06%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Celina at $255,690, the typical annual property tax bill reaches $5,278, exceeding the national median of $2,690. Property taxes in Celina are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Celina'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 Celina 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
Celina, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Celina Property Tax Bill Calculator empowers homeowners, real estate investors, and potential owners to estimate their annual property taxes in Celina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Celina 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 Celina, Ohio
Property taxes in Celina, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Celina is 1.19%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Celina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Celina 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 Celina's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45822 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Celina 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 Celina Tax Rate
2.06%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Celina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45822 | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Celina, Ohio
In Celina, 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. In Celina, 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 Celina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Celina is $5,278 in the 45822 zip code, which is also the lowest median tax bill.
Average Celina Assessed Value
$255,690
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 Celina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45822 | $255,690 | $255,690 | $255,690 | $255,690 | $255,690 |
Source: Ownwell
Property Tax Bills Across Celina, Ohio
In Celina, located in Montgomery 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 property's market value. For instance, the median home price in Celina is $255,690. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location within the county, any applicable exemptions, and local tax levies also influence the total tax bill. Homeowners in Celina face a median property tax bill significantly higher than the national median property tax rate of 0.99%. For example, the median property tax bill in Celina is $5,278, which is consistent across various percentiles. This higher tax burden can affect homeowners by increasing the overall cost of homeownership, potentially impacting their financial planning and long-term investment decisions. Understanding these factors is crucial for homeowners to effectively manage their property-related expenses.
Average Celina Tax Bill
$5,278
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Celina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45822 | $5,278 | $5,278 | $5,278 | $5,278 | $5,278 |
Source: Ownwell