Miamisburg, Montgomery County, Ohio Property Taxes
Median Miamisburg, OH effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Miamisburg, OH home value: $147,600
Median annual Miamisburg, OH tax bill: $3,702, $1,302 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Miamisburg, 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 Miamisburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Miamisburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Miamisburg, Montgomery County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.65%
Estimate Property Tax Bill
$3,911
$3,630
Property Tax Rates Across Miamisburg, Montgomery County, Ohio
Local government entities set tax rates, which can vary widely within Ohio. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Miamisburg, located in Montgomery County, property owners face an effective property tax rate that is notably higher than both the state and national medians. This rate can be attributed to the county's budgetary needs and the value of taxable properties within its jurisdiction. Compared to other cities in Ohio, Miamisburg's effective property tax rate stands out, reflecting the unique financial requirements and property values of the area.
For homeowners, understanding these rates is crucial, as they directly impact annual property tax bills. By comparing Miamisburg's property tax rate to the median rates in Ohio and across the U.S., property owners can gain valuable insights into their tax obligations and explore potential avenues for appealing or reducing their tax burden.
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 Miamisburg Tax Rate
2.65%
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 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 Miamisburg, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45342 | 1.99% | 2.63% | 2.65% | 2.87% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Miamisburg, Montgomery County, Ohio
When examining property taxes in Miamisburg, 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 appraisal district 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 March. 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 Miamisburg.
For example, the median home price in Miamisburg is $147,600, with tax bills ranging significantly across the county. Zip code 45342 has the highest median home price at $147,600.
Property Tax Assessment Values Across Miamisburg, Montgomery County, Ohio
Source: Ownwell
$4,930
$124,385
$243,840
Median Miamisburg Market Value
$147,600
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 Miamisburg, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45342 | $67,798 | $94,800 | $147,600 | $192,760 | $241,824 |
Source: Ownwell
Property Tax Bills Across Miamisburg, Montgomery County, Ohio
In Miamisburg, Montgomery County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is regularly evaluated by local authorities. With a median home price of $147,600, property taxes can vary significantly. For example, the 25th percentile tax bill is $2,352, while the 75th percentile reaches $5,138, and the 90th percentile peaks at $6,504. These figures highlight how property taxes can impact homeowners' finances, often exceeding the national median property tax bill of $2,400.
Ownwell helps homeowners in Miamisburg by offering property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and market trends, Ownwell identifies discrepancies and advocates for fair taxation. This service can lead to significant savings, ensuring homeowners are not overpaying on their property taxes. With expertise in local tax regulations, Ownwell provides a valuable resource for managing and minimizing property tax expenses.
Median Miamisburg Tax Bill
$3,702
Median Montgomery County Tax Bill
$2,435
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Miamisburg, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45342 | $1,539 | $2,352 | $3,702 | $5,138 | $6,504 |
Source: Ownwell