Oakwood, Montgomery County, Ohio Property Taxes

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

Median Oakwood, OH effective property tax rate: 3.13%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Oakwood, OH home value: $240,365
Median annual Oakwood, OH tax bill: $7,481, $5,081 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Oakwood, Montgomery County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.13%

Estimate Property Tax Bill

$7,523

$6,982

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

Property Tax Rates Across Oakwood, Montgomery County, Ohio

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

In Oakwood, Montgomery County, Ohio, the effective property tax rate is significantly higher than both the state and national medians. Ohio's median property tax rate is considerably higher than the national median of 1.02%. Oakwood’s rate is among the highest in the state, reflecting the city’s budgetary needs and the total taxable property value within its jurisdiction. This means that property owners in Oakwood may find themselves paying more in property taxes compared to other areas in Ohio and the U.S.

When considering property investments or relocations, it's essential to factor in these tax rates as they can significantly impact overall costs.

Property Tax Rates Across Oakwood, 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 Oakwood Tax Rate

3.13%

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 Oakwood, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45409	2.91%	3.13%	3.14%	3.19%	3.20%
45419	2.90%	3.13%	3.13%	3.14%	3.21%

Source: Ownwell

Property Tax Assessment Values Across Oakwood, Montgomery County, Ohio

When examining property taxes in Oakwood, 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. Assessment notices: Montgomery County sends assessment notices in the spring each year, typically reaching 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 Oakwood. For example, the median home price in Oakwood is $240,365, with tax bills ranging significantly across the county. Zip code 45409 has the highest median home price at $243,840.

Property Tax Assessment Values Across Oakwood, Montgomery County, Ohio

Source: Ownwell

$4,930

$124,385

$243,840

Median Oakwood Market Value

$240,365

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 Oakwood, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45409	$155,002	$181,330	$243,840	$340,748	$432,693
45419	$148,467	$183,998	$240,100	$334,515	$475,942

Source: Ownwell

Property Tax Bills Across Oakwood, Montgomery County, Ohio

In Oakwood, Montgomery County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Oakwood face property tax bills that can vary significantly, with the 25th percentile at $5,710 and the 75th percentile reaching $10,422. Notably, the highest median tax bill in the area is $7,628, which is considerably above the national median property tax bill of $2,400. These taxes directly impact homeowners by influencing monthly mortgage payments and overall housing affordability.

Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax liabilities. This not only results in immediate savings but also contributes to long-term financial benefits, ensuring that homeowners pay only their fair share of property taxes.

Property Tax Bills Across Oakwood, Montgomery County, Ohio

Source: Ownwell

$140

$3,884

$7,628

Median Oakwood Tax Bill

$7,481

Median Montgomery County Tax Bill

$2,435

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Oakwood, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45409	$4,750	$5,593	$7,628	$10,476	$13,531
45419	$4,606	$5,725	$7,454	$10,411	$14,719

Source: Ownwell