Monroe, Butler County, Ohio Property Taxes

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

Median MONROE, OH effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median MONROE, OH home value: $221,545
Median annual MONROE, OH tax bill: $3,221, $821 higher than the national median property tax bill of $2,400.

How are property taxes in Butler calculated?

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

Last Updated March 1, 2025

Monroe, Butler County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$2,769

$2,570

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

Property Tax Rates Across Monroe, Butler County, Ohio

Local government entities determine tax rates, which can vary significantly within a state. This variation is due to the annual process where each county estimates its budgetary needs to provide essential services. The required budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates, this is essentially how it works each year.

Monroe in Butler County, Ohio, presents an interesting case when it comes to property tax rates. With an effective property tax rate that surpasses the national median of 1.02%, Monroe's rate reflects the local government's budgetary requirements and property values. When compared to the median property tax rate in Ohio, Monroe's rate stands out, showcasing the diversity of tax rates within the state.

Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions. By comparing Monroe's rate to other cities in Ohio and the U.S. median, property owners can better navigate the complexities of property taxation and potentially reduce their tax burden.

Property Tax Rates Across Monroe, Butler County, Ohio

Source: Ownwell

0.93%

1.27%

1.60%

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 Monroe Tax Rate

1.25%

Median Effective Butler County Tax Rate

1.23%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe, Butler County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45044	N/A	N/A	N/A	N/A	N/A
45050	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Monroe, Butler County, Ohio

When examining property taxes in Monroe, 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 Butler 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.

In Butler 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 Monroe. For example, the median home price in Monroe is $221,545, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Monroe, Butler County, Ohio

Source: Ownwell

$50,410

$228,015

$405,620

Median Monroe Market Value

$221,545

Median Butler County Market Value

$217,015

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe, Butler County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45044	N/A	N/A	N/A	N/A	N/A
45050	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Monroe, Butler County, Ohio

In Monroe, located in Butler County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in Monroe face a median property tax rate that results in a tax bill higher than the national median of $2,400. For example, the 25th percentile tax bill is $2,548, while the 75th percentile reaches $4,065, and the 90th percentile climbs to $4,618. These figures highlight the significant financial impact property taxes can have on homeowners.

Factors influencing the tax bill include changes in property value, local government budgets, and voter-approved levies. The complexity of these factors can lead to discrepancies in assessments, potentially resulting in overpayment. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially saving them money on their tax bills.

Property Tax Bills Across Monroe, Butler County, Ohio

Source: Ownwell

$806

$2,790

$4,774

Median Monroe Tax Bill

$3,221

Median Butler County Tax Bill

$2,621

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Butler County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45044	N/A	N/A	N/A	N/A	N/A
45050	N/A	N/A	N/A	N/A	N/A

Source: Ownwell