Fairborn, Montgomery County, Ohio Property Taxes

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

Median Fairborn, OH effective property tax rate: 2.97%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Fairborn, OH home value: $136,470
Median annual Fairborn, OH tax bill: $4,054, $1,654 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Fairborn, Montgomery County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.97%

Estimate Property Tax Bill

$4,053

$3,761

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

Property Tax Rates Across Fairborn, Montgomery County, Ohio

Local government entities set tax rates, which can vary widely within a state. 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.

Fairborn in Greene County, Ohio, has an effective property tax rate that is noteworthy when compared to other cities in the state. With a median property tax rate of 2.97% in Montgomery County, it is significantly higher than the national median of 1.02%. Property owners in Fairborn, therefore, face higher tax bills compared to the national average, which can impact the overall cost of owning property in the area. Understanding these differences is crucial for property owners seeking to manage their expenses effectively. Comparing Fairborn’s rates to the median property tax rates in Ohio and the U.S. provides valuable insights for prospective buyers and current homeowners alike.

Property Tax Rates Across Fairborn, 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 Fairborn Tax Rate

2.97%

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 Fairborn, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45324	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fairborn, Montgomery County, Ohio

When examining property taxes in Fairborn, 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. Montgomery County 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.

Assessment notices:

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 Fairborn.

For example, the median home price in Fairborn is $136,470, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fairborn, Montgomery County, Ohio

Source: Ownwell

$4,930

$124,385

$243,840

Median Fairborn Market Value

$136,470

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 Fairborn, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45324	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fairborn, Montgomery County, Ohio

In Fairborn, located in Montgomery County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. This assessed value is a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to determine the final tax bill. In Fairborn, the median property tax rate is higher than the national median of 1.02%, resulting in a significant tax bill that can be challenging for homeowners. For instance, the tax bill at the 25th, 75th, and 90th percentiles all stand at $4,054, which is considerably above the national median property tax bill of $2,400. This substantial tax burden can impact homeowners' financial stability. Ownwell offers expert property tax appeal and exemption services to help homeowners in Fairborn reduce their tax bills. By analyzing property assessments and identifying potential savings, Ownwell can assist homeowners in lowering their expenses and ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Fairborn, Montgomery County, Ohio

Source: Ownwell

$140

$3,884

$7,628

Median Fairborn Tax Bill

$4,054

Median Montgomery County Tax Bill

$2,435

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Fairborn, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45324	N/A	N/A	N/A	N/A	N/A

Source: Ownwell