Englewood, Ohio Property Taxes
The median property tax rate in Englewood, Ohio, is 2.61%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Englewood at $118,880, the typical annual property tax bill reaches $3,116, exceeding the national median of $2,690. Property taxes in Englewood 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 Englewood'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 Englewood 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
Englewood, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$3,103
$2,879
Ownwell’s Englewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Englewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Englewood 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 Englewood, Ohio
Property taxes in Englewood, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Englewood is 2.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Englewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Englewood 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 Englewood's effective property tax rate to other areas in Montgomery County and the national median. For comparison, the 45322 zip code has the highest median property tax rate of 2.63%, while the 45315 zip code has the lowest median tax rate of 2.59%. Understanding how these cities compare with Englewood 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 Englewood Tax Rate
2.61%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Englewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45315 | 2.08% | 2.58% | 2.59% | 2.60% | 2.65% |
| 45322 | 2.12% | 2.59% | 2.63% | 3.07% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Englewood, Ohio
In Englewood, 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 Englewood, 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. The median home price in Englewood is $118,880, with tax bills ranging significantly. The highest median tax bill is $4,350 in zip code 45315, while the lowest is $3,082 in zip code 45322. 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 Englewood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Englewood Assessed Value
$118,880
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 Englewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45315 | $97,390 | $116,720 | $168,600 | $212,765 | $257,886 |
| 45322 | $80,700 | $94,620 | $117,270 | $143,430 | $180,810 |
Source: Ownwell
Property Tax Bills Across Englewood, Ohio
In Englewood, Montgomery County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The tax rate, applied to this assessed value, determines the annual tax bill. For instance, with a median home price of $118,880, homeowners can expect a tax bill that varies significantly. The 25th percentile of tax bills is around $2,567, while the 75th percentile reaches up to $3,920, and the 90th percentile can be as high as $5,186. Factors such as property location, home improvements, and market trends can influence the assessed value, thereby affecting the tax bill. Englewood's property tax rates can be compared to the national median property tax rate of 0.99%, highlighting the local variations. These tax bills directly impact homeowners by influencing their monthly mortgage payments and overall housing affordability, making it crucial for homeowners to understand the calculation process.
Average Englewood Tax Bill
$3,116
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Englewood, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45315 | $2,371 | $2,977 | $4,350 | $5,363 | $6,636 |
| 45322 | $2,078 | $2,555 | $3,082 | $3,786 | $4,981 |
Source: Ownwell