Kettering, Ohio Property Taxes
The median property tax rate in Kettering, OH is 2.75%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kettering at $116,000, the typical annual property tax bill reaches $2,848, exceeding the national median of $2,690. Property taxes in Kettering 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 Kettering'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 Kettering 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
Kettering, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$3,190
Ownwell’s Kettering Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kettering with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kettering 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 Kettering, Ohio
Property taxes in Kettering, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kettering is 2.75%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kettering set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kettering 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 Kettering's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45420 zip code has the highest median property tax rate of 2.77%, while the 45429 zip code has the lowest median tax rate of 2.05%. Understanding how these cities compare with Kettering 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 Kettering Tax Rate
2.75%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kettering, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45420 | 2.21% | 2.62% | 2.77% | 2.83% | 2.85% |
| 45429 | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% |
| 45440 | 2.05% | 2.38% | 2.75% | 2.80% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Kettering, Ohio
In Kettering, 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 Kettering, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in Kettering is $3,444 in the 45440 zip code, while the lowest median tax bill is $1,949 in the 45429 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kettering Assessed Value
$116,000
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 Kettering, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45420 | $71,680 | $82,085 | $90,835 | $111,968 | $121,238 |
| 45429 | $94,980 | $94,980 | $94,980 | $94,980 | $94,980 |
| 45440 | $5,350 | $95,520 | $144,310 | $169,352 | $197,313 |
Source: Ownwell
Property Tax Bills Across Kettering, Ohio
In Kettering, property tax bills are calculated based on the assessed value of a home, which is determined by the Montgomery County Auditor. The assessed value is a percentage of the market value of the property. For example, if a home has a median market price of $116,000, the assessed value would be a portion of that amount. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the home's location within specific zip codes. For instance, properties in the 45440 zip code have the highest median tax bill at $3,444, while those in the 45429 zip code have the lowest at $1,949. Homeowners in Kettering can expect tax bills ranging from the 25th percentile at $1,946 to the 90th percentile at $5,177. These property taxes fund essential local services such as public schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Kettering Tax Bill
$2,848
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kettering, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45420 | $1,814 | $2,085 | $2,437 | $2,955 | $3,306 |
| 45429 | $1,949 | $1,949 | $1,949 | $1,949 | $1,949 |
| 45440 | $147 | $1,462 | $3,444 | $4,485 | $5,464 |
Source: Ownwell