Cincinnati, Montgomery County, Ohio Property Taxes

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

Median Cincinnati, OH effective property tax rate: 2.56%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Cincinnati, OH home value: $81,400
Median annual Cincinnati, OH tax bill: $2,581, $181 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

Property taxes in Cincinnati, 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 Cincinnati’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cincinnati, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cincinnati, Montgomery County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.56%

Estimate Property Tax Bill

$2,084

$1,934

Ownwell’s Cincinnati Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cincinnati with just two data points. By entering your property's estimated assessed value, our calculator applies Cincinnati’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 Hamilton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cincinnati, Montgomery County, Ohio

Local government entities set tax rates, which can vary widely within a state. This is because 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 Cincinnati’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.

In Cincinnati, located in Hamilton County, Ohio, the median property tax rate is 2.56%, which is significantly higher than the national median of 1.02%. This means homeowners in Cincinnati pay a larger portion of their property's assessed value in taxes compared to the national average. While the national median property tax bill is $2,400, Cincinnati homeowners often face higher tax bills due to the elevated rate. This comparison highlights the importance of understanding local tax rates and their impact on property expenses.

Property Tax Rates Across Cincinnati, 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 Cincinnati Tax Rate

2.56%

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 Cincinnati, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45202	N/A	N/A	N/A	N/A	N/A
45242	N/A	N/A	N/A	N/A	N/A
45246	N/A	N/A	N/A	N/A	N/A
45249	N/A	N/A	N/A	N/A	N/A
45263	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cincinnati, Montgomery County, Ohio

When examining property taxes in Cincinnati, 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 Auditor 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 Cincinnati. For example, the median home price in Cincinnati is $81,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cincinnati, Montgomery County, Ohio

Source: Ownwell

$4,930

$124,385

$243,840

Median Cincinnati Market Value

$81,400

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 Cincinnati, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45202	N/A	N/A	N/A	N/A	N/A
45242	N/A	N/A	N/A	N/A	N/A
45246	N/A	N/A	N/A	N/A	N/A
45249	N/A	N/A	N/A	N/A	N/A
45263	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cincinnati, Montgomery County, Ohio

In Cincinnati, located in Hamilton County, Ohio, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Cincinnati is $81,400, and property taxes are calculated by applying the local tax rate to the assessed value. Homeowners in Cincinnati experience a range of property tax bills. The 25th percentile tax bill is approximately $1,773, while the 75th percentile reaches around $3,508. For those at the 90th percentile, tax bills can soar to $5,586, significantly higher than the national median property tax bill of $2,400. Such variations can impact homeowners financially, making it crucial to ensure that tax assessments are fair and accurate. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for savings, helping homeowners in Cincinnati lower their property tax liabilities and achieve financial relief.

Property Tax Bills Across Cincinnati, Montgomery County, Ohio

Source: Ownwell

$140

$3,884

$7,628

Median Cincinnati Tax Bill

$2,581

Median Montgomery County Tax Bill

$2,435

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Cincinnati, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45202	N/A	N/A	N/A	N/A	N/A
45242	N/A	N/A	N/A	N/A	N/A
45246	N/A	N/A	N/A	N/A	N/A
45249	N/A	N/A	N/A	N/A	N/A
45263	N/A	N/A	N/A	N/A	N/A

Source: Ownwell