Union City, Ohio Property Taxes
The median property tax rate in Union City, OH is 2.75%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Union City at $50,775, the typical annual property tax bill reaches $1,394, surpassing the national median of $2,690. Property taxes in Union City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Union City'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 Union City or another part of the area, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$1,396
Ownwell’s Union City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union City 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 Union City, Ohio
Property taxes in Union City, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union City is 2.75%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Union City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union City 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 Union City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45390 zip code has both the highest and lowest median property tax rate of 2.75%. Understanding how these cities compare with Union City 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 Union City 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 Union City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45390 | 2.73% | 2.74% | 2.75% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Union City, Ohio
In Union City, 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 Union City, 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. Union City’s median home price stands at $50,775, with tax bills ranging from $1,269 at the 25th percentile to $1,593 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Union City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union City Assessed Value
$50,775
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 Union City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45390 | $43,267 | $46,082 | $50,775 | $55,468 | $58,283 |
Source: Ownwell
Property Tax Bills Across Union City, Ohio
In Union City, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For example, in Montgomery County, where Union City is located, the median home price is $50,775. Homeowners in this region typically see tax bills ranging from $1,269 at the 25th percentile to $1,593 at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, and Union City’s rates can be seen as relatively high given the lower median home prices. This impacts homeowners by requiring them to allocate a significant portion of their budget to property taxes, which can be burdensome, especially for those with fixed incomes. Understanding how these factors interplay helps homeowners better anticipate their annual property tax obligations.
Average Union City Tax Bill
$1,394
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Union City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45390 | $1,194 | $1,269 | $1,394 | $1,518 | $1,593 |
Source: Ownwell