West Alexandria, Ohio Property Taxes
The median property tax rate in West Alexandria, OH is 1.27%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $133,485 in West Alexandria, the typical annual property tax bill amounts to $1,879, falling below the national median of $2,690. Property taxes in West Alexandria are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding West Alexandria'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 West Alexandria 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
West Alexandria, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,695
$1,573
Ownwell’s WEST ALEXANDRIA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST ALEXANDRIA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST ALEXANDRIA 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 West Alexandria, Ohio
Property taxes in West Alexandria, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Alexandria is 1.27%, which is notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within West Alexandria set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Alexandria 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 West Alexandria's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45381 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with West Alexandria 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 West Alexandria Tax Rate
1.27%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Alexandria, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45381 | 1.00% | 1.22% | 1.27% | 2.20% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across West Alexandria, Ohio
In West Alexandria, 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 West Alexandria, 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. Being aware of these valuation processes in West Alexandria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $133,485, with the tax bills ranging from $1,435 at the 25th percentile to $3,944 at the 90th percentile. The highest and lowest median tax bill in the area is $1,879, seen in the zip code 45381.
Average West Alexandria Assessed Value
$133,485
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 West Alexandria, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45381 | $88,695 | $106,280 | $133,485 | $172,655 | $193,520 |
Source: Ownwell
Property Tax Bills Across West Alexandria, Ohio
In West Alexandria, Montgomery County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $133,485, homeowners in West Alexandria can expect varying tax bills. The 25th percentile tax bill is around $1,435, while those in the 75th percentile pay approximately $2,968. The highest median tax bill in the area is $1,879. Several factors influence these tax bills, including the property's location, size, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners, potentially affecting their ability to afford their homes. Compared to the national median property tax rate of 0.99%, West Alexandria's rates reflect the local economic conditions and funding needs for public services. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average West Alexandria Tax Bill
$1,879
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across West Alexandria, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45381 | $1,201 | $1,435 | $1,879 | $2,968 | $3,944 |
Source: Ownwell