Centerville, Montgomery County, Ohio Property Taxes

Name: Property Tax Bills Across Centerville, Montgomery County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Centerville, OH effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%. Median Centerville, OH home value: $161,760. Median annual Centerville, OH tax bill: $4,062, $1,662 higher than the national median property tax bill of $2,400. How are property taxes in Montgomery calculated? Property taxes in Centerville, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Centerville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Centerville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Centerville, Montgomery County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$4,157

$3,858

Ownwell’s Centerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Centerville with just two data points. By entering your property's estimated assessed value, our calculator applies Centerville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Centerville, Montgomery County, Ohio

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Centerville, located in Montgomery County, Ohio, the effective property tax rate is a reflection of this process. It is interesting to note that Centerville's rate is competitive when compared to other cities in Ohio. The median property tax rate in Centerville is notably higher than the national median, highlighting the unique tax landscape of the area. This comparison provides valuable insight for property owners and potential buyers, as understanding local tax rates is crucial for financial planning. Whether you are a resident or considering a move to Centerville, being informed about property tax rates can help you make more informed decisions about your property investments.

Property Tax Rates Across Centerville, Montgomery County, Ohio

Source: Ownwell

1.27%

2.33%

3.39%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Centerville Tax Rate

2.57%

Median Effective Montgomery County Tax Rate

2.62%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Centerville, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45458	2.35%	2.56%	2.57%	2.62%	2.71%
45459	2.20%	2.45%	2.62%	2.64%	2.73%
45440	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Centerville, Montgomery County, Ohio

When examining property taxes in Centerville, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Montgomery County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Centerville. For example, the median home price in Centerville is $161,760, with tax bills ranging significantly across the county. Zip code 45458 has the highest median home price at $162,840.

Property Tax Assessment Values Across Centerville, Montgomery County, Ohio

Source: Ownwell

$4,930

$124,385

$243,840

Median Centerville Market Value

$161,760

Median Montgomery County Market Value

$98,910

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Centerville, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45458	$88,914	$138,295	$162,840	$177,882	$212,871
45459	$4,487	$95,690	$153,160	$282,312	$394,520
45440	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Centerville, Montgomery County, Ohio

In Centerville, Montgomery County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the local tax rate and any applicable exemptions or deductions are considered in the calculation. Homeowners in Centerville face property tax bills that can range significantly, with the 25th percentile at $3,225 and the 90th percentile reaching as high as $6,292. This variation in tax bills highlights the importance of accurate property assessments and potential savings through appeals. Ownwell offers homeowners the expertise needed to navigate property tax appeals, potentially reducing their tax burden. By analyzing the assessed value and identifying any discrepancies, Ownwell can help ensure homeowners in Centerville are not overpaying on their property taxes, providing peace of mind and financial savings in a region where the median tax bill can be notably higher than the national average.

Property Tax Bills Across Centerville, Montgomery County, Ohio

Source: Ownwell

$140

$3,884

$7,628

Median Centerville Tax Bill

$4,062

Median Montgomery County Tax Bill

$2,435

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Centerville, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45458	$2,321	$3,223	$4,177	$4,676	$5,264
45459	$121	$2,402	$3,605	$6,710	$10,696
45440	N/A	N/A	N/A	N/A	N/A

Source: Ownwell