Cincinnati, Wood County, Ohio Property Taxes

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

Median Cincinnati, OH effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Cincinnati, OH home value: $499,200
Median annual Cincinnati, OH tax bill: $10,305, $7,905 higher than the national median property tax bill of $2,400.

How are property taxes in Wood County calculated?

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

Last Updated March 1, 2025

Cincinnati, Wood County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.08%

Estimate Property Tax Bill

$10,383

$9,635

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

Property Tax Rates Across Cincinnati, Wood County, Ohio

Local government entities determine tax rates, which can vary significantly within a state. Each county annually estimates its required budget to provide essential services and divides that by the total assessed 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 fundamental annual process. In Cincinnati, located in Hamilton County, Ohio, property tax rates offer an interesting comparison to both state and national medians. Hamilton County has a median property tax rate of 1.84%, which is notably higher than the national median of 1.02%. However, it's important to note that while the rate is above the national average, it is still lower than the state median of 1.56%. This indicates that Cincinnati residents might experience a property tax burden that reflects both local budgetary needs and state-level trends. Understanding these nuances can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Cincinnati, Wood County, Ohio

Source: Ownwell

1.17%

1.60%

2.03%

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 Cincinnati Tax Rate

2.08%

Median Effective Wood County Tax Rate

1.62%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cincinnati, Wood County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45227	N/A	N/A	N/A	N/A	N/A
45263	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cincinnati, Wood County, Ohio

When examining property taxes in Cincinnati, 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 Hamilton County Auditor 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: In Hamilton County, assessment notices are sent in the spring each year. They’ll typically reach 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 Cincinnati. For example, the median home price in Cincinnati is $499,200, with tax bills ranging significantly across the county. 45202 has the highest median home price at $499,200.

Property Tax Assessment Values Across Cincinnati, Wood County, Ohio

Source: Ownwell

$14,750

$135,175

$255,600

Median Cincinnati Market Value

$499,200

Median Wood County Market Value

$163,900

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cincinnati, Wood County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45227	N/A	N/A	N/A	N/A	N/A
45263	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cincinnati, Wood County, Ohio

In Cincinnati, located in Hamilton County, Ohio, 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 property tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, impacting the overall tax bill. For homeowners, this means that fluctuations in property assessments can lead to significant changes in their annual tax obligations.

With a median home price of $499,200, Cincinnati homeowners often face substantial property tax bills. For instance, those in the 75th percentile may pay around $11,936 annually. Such high tax bills can be burdensome, but Ownwell offers a solution. By providing expert property tax appeal services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially lowering their tax bills. This service can lead to considerable savings, offering financial relief to homeowners burdened by high property taxes.

Property Tax Bills Across Cincinnati, Wood County, Ohio

Source: Ownwell

$236

$2,694

$5,152

Median Cincinnati Tax Bill

$10,305

Median Wood County Tax Bill

$2,615

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Cincinnati, Wood County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45227	N/A	N/A	N/A	N/A	N/A
45263	N/A	N/A	N/A	N/A	N/A

Source: Ownwell