Huber Heights, Ohio Property Taxes
The median property tax rate in Huber Heights, OH is 2.29%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Huber Heights at $163,280, the typical annual property tax bill reaches $3,359, exceeding the national median of $2,690. Property taxes in Huber Heights 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 Huber Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Huber Heights 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
Huber Heights, 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 Huber Heights Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Huber Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huber Heights to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Huber Heights, Ohio
Property taxes in Huber Heights, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huber Heights is 2.29%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Huber Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huber Heights 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 Huber Heights' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45424 zip code has the highest median property tax rate of 2.29%, while the same zip code also has the lowest median tax rate of 2.29%. Understanding how these cities compare with Huber Heights 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 Huber Heights Tax Rate
2.29%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huber Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45424 | 2.24% | 2.28% | 2.29% | 2.35% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Huber Heights, Ohio
In Huber Heights, 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. 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. For instance, in Huber Heights, the median home price is $163,280, with tax bills ranging from $1,292 at the 25th percentile to $6,170 at the 90th percentile. The zip code 45424 shows the highest median tax bill at $3,359. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Huber Heights Assessed Value
$163,280
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 Huber Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45424 | $12,004 | $68,070 | $163,280 | $245,070 | $272,942 |
Source: Ownwell
Property Tax Bills Across Huber Heights, Ohio
In Huber Heights, Montgomery County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as property location, size, and improvements can affect the assessed value. The median home price in Huber Heights is $163,280, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $1,292, while the 75th percentile tax bill reaches $5,378, and the 90th percentile can go up to $6,170. These property taxes significantly impact homeowners, influencing their overall housing costs and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, Huber Heights' property tax rates can vary widely, making it essential for homeowners to understand their specific tax obligations.
Average Huber Heights Tax Bill
$3,359
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Huber Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45424 | $263 | $1,292 | $3,359 | $5,378 | $6,170 |
Source: Ownwell