Colerain, Belmont County, Ohio Property Taxes

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

Median COLERAIN, OH effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median COLERAIN, OH home value: $75,205
Median annual COLERAIN, OH tax bill: $1,015, $1,385 lower than the national median property tax bill of $2,400.

How are property taxes in Belmont calculated?

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

Last Updated March 1, 2025

Colerain, Belmont County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$1,008

$935

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

Property Tax Rates Across Colerain, Belmont County, Ohio

Local government entities set tax rates, which can vary widely within Ohio. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Colerain, situated in Belmont County, the effective property tax rate can be compared to other cities across Ohio and the median property tax rates in both the state and the U.S. Ohio's median property tax rate stands at 1.34%, which is notably higher than the national median of 1.02%. This difference highlights the importance of understanding local tax dynamics and how they impact property owners in Colerain. With the national median property tax bill at $2,400, Ohio's rates may lead to higher tax bills for homeowners. Property owners in Colerain can benefit from appealing their property taxes to potentially reduce their financial burden. Understanding these nuances is crucial for making informed decisions about property ownership and tax obligations in Ohio.

Property Tax Rates Across Colerain, Belmont County, Ohio

Source: Ownwell

1.11%

1.39%

1.67%

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 Colerain Tax Rate

1.34%

Median Effective Belmont County Tax Rate

1.29%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colerain, Belmont County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43916	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Colerain, Belmont County, Ohio

When examining property taxes in Colerain, 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 Belmont 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: In Belmont 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 Colerain. For example, the median home price in Colerain is $75,205, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Colerain, Belmont County, Ohio

Source: Ownwell

$16,435

$80,833

$145,230

Median Colerain Market Value

$75,205

Median Belmont County Market Value

$74,065

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colerain, Belmont County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43916	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Colerain, Belmont County, Ohio

In Colerain, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Various factors such as location, property size, and home improvements can influence the assessed value. The median home price in Colerain is $75,205, and homeowners typically see property tax bills ranging from $763 at the 25th percentile to $1,406 at the 75th percentile, with some bills reaching as high as $2,267 at the 90th percentile. With the national median property tax rate at 1.02%, Colerain's property tax bills offer a comparative perspective for homeowners. Ownwell can assist homeowners by reviewing their property tax assessments, identifying potential errors, and filing appeals on their behalf, potentially reducing their tax liability and ensuring they only pay their fair share.

Property Tax Bills Across Colerain, Belmont County, Ohio

Source: Ownwell

$270

$1,001

$1,732

Median Colerain Tax Bill

$1,015

Median Belmont County Tax Bill

$992

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Colerain, Belmont County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43916	N/A	N/A	N/A	N/A	N/A

Source: Ownwell