Yellow Springs, Clark County, Ohio Property Taxes
Median Yellow Springs, OH effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Yellow Springs, OH home value: $156,590
Median annual Yellow Springs, OH tax bill: $2,708, $308 higher than the national median property tax bill of $2,400.
How are property taxes in Clark County calculated?
Property taxes in Yellow Springs, 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 Yellow Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yellow Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Yellow Springs, Clark County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.81%
Estimate Property Tax Bill
$2,834
$2,630
Property Tax Rates Across Yellow Springs, Clark County, Ohio
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Yellow Springs’ effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
Yellow Springs, located in Clark County, has a median property tax rate of 1.81%. This rate is notably higher than the national median property tax rate of 1.02%. The property tax rate in Yellow Springs is the highest and lowest in the area, as it stands uniform across the zip code 45387. This highlights the importance of understanding local property tax rates, as they can significantly impact your financial planning. Whether you're a homeowner or considering purchasing property in Yellow Springs, it's crucial to be aware of these rates and how they compare on a broader scale.
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 Yellow Springs Tax Rate
1.81%
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 Clark County Tax Rate
1.69%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Yellow Springs, Clark County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45387 | 1.09% | 1.56% | 1.81% | 1.94% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Yellow Springs, Clark County, Ohio
When examining property taxes in Yellow Springs, 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 Clark 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 Clark 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 Yellow Springs. For example, the median home price in Yellow Springs is $156,590, with tax bills ranging significantly across the county. Zip code 45387 has the highest median home price at $156,590.
Property Tax Assessment Values Across Yellow Springs, Clark County, Ohio
Source: Ownwell
$60,080
$148,960
$237,840
Median Yellow Springs Market Value
$156,590
Median Clark County Market Value
$117,390
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Yellow Springs, Clark County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45387 | $97,140 | $128,805 | $156,590 | $264,185 | $353,070 |
Source: Ownwell
Property Tax Bills Across Yellow Springs, Clark County, Ohio
In Yellow Springs, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the location, size, and condition of the property can influence the assessed value. In Yellow Springs, the median property tax bill is $2,708, which is slightly above the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $2,157 and the 90th percentile reaching $5,383, indicating a broad range of tax burdens for homeowners.
High property taxes can be a significant financial burden for homeowners, impacting their overall budget and financial planning. Ownwell assists homeowners in Yellow Springs by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed property value, resulting in reduced tax bills. This can lead to substantial savings, easing the financial burden and ensuring homeowners pay only their fair share.
Median Yellow Springs Tax Bill
$2,708
Median Clark County Tax Bill
$1,871
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Yellow Springs, Clark County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45387 | $1,425 | $2,157 | $2,708 | $4,300 | $5,383 |
Source: Ownwell
