Miamisburg, Warren County, Ohio Property Taxes
The median property tax rate in Miamisburg, OH is 1.55%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Miamisburg at $258,780, the typical annual property tax bill reaches $4,003, exceeding the national median of $2,690. Property taxes in Miamisburg 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 Miamisburg'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 Miamisburg 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
Miamisburg, Warren County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$4,011
$3,722
Ownwell’s Miamisburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Miamisburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Miamisburg 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 Miamisburg, Warren County, Ohio
Property taxes in Miamisburg, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miamisburg is 1.55%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Miamisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miamisburg 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 Miamisburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45342 zip code has both the highest and lowest median property tax rate of 1.55%. Understanding how these cities compare with Miamisburg provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miamisburg Tax Rate
1.55%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miamisburg, Warren County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45342 | 1.39% | 1.47% | 1.55% | 1.68% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Miamisburg, Warren County, Ohio
In Miamisburg, 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 Warren County Auditor 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 Miamisburg, 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 Miamisburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45342 at $4003, which is also the lowest.
Property Tax Assessment Values Across Miamisburg, Warren County, Ohio
Source: Ownwell
$4,050
$180,970
$357,890
Average Miamisburg Assessed Value
$258,780
Average Warren County Assessed Value
$234,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miamisburg, Warren County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45342 | $159,418 | $210,875 | $258,780 | $315,265 | $378,548 |
Source: Ownwell
Property Tax Bills Across Miamisburg, Warren County, Ohio
In Miamisburg, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Miamisburg, the median home price is $258,780. The tax rate in this area is influenced by the local government and school district funding needs. Tax bills in Miamisburg vary widely. For instance, the 25th percentile tax bill is $3,159, while the 75th percentile reaches $5,278. The 90th percentile tax bill can go up to $5,989. These variations are due to differences in property values and applicable exemptions or deductions. Homeowners in Miamisburg can expect their property tax bills to impact their annual budgets significantly. Compared to the national median property tax rate of 0.99%, the rates in Miamisburg reflect the specific needs and priorities of the local community. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Miamisburg Tax Bill
$4,003
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Miamisburg, Warren County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45342 | $2,318 | $3,159 | $4,003 | $5,278 | $5,989 |
Source: Ownwell