Yellow Springs, Greene County, Ohio Property Taxes

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

Median Yellow Springs, OH effective property tax rate: 1.97%, 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: $218,700
Median annual Yellow Springs, OH tax bill: $4,085, $1,685 higher than the national median property tax bill of $2,400.

How are property taxes in Greene 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, Greene County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.97%

Estimate Property Tax Bill

$4,308

$3,998

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

Property Tax Rates Across Yellow Springs, Greene County, Ohio

As noted earlier, 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. Located in Greene County, Yellow Springs boasts a property tax rate of 1.97%. This rate is significantly higher than the national median property tax rate of 1.02%, highlighting the importance of understanding local tax dynamics. With the highest and lowest median tax rates both at 1.97% in the 45387 zip code, Yellow Springs presents a consistent tax landscape. For property owners in Yellow Springs, this underscores the value of exploring property tax appeals to ensure fair assessments. Understanding these nuances can lead to substantial savings, making it crucial to stay informed about local property tax trends.

Property Tax Rates Across Yellow Springs, Greene County, Ohio

Source: Ownwell

0.59%

1.57%

2.54%

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

1.97%

Median Effective Greene County Tax Rate

2.02%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Yellow Springs, Greene County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45387	1.63%	1.76%	1.97%	2.03%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Yellow Springs, Greene 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 Greene 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 Greene 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 $218,700, with tax bills ranging significantly across the county. Zip code 45387 has the highest median home price at $218,700.

Property Tax Assessment Values Across Yellow Springs, Greene County, Ohio

Source: Ownwell

$56,645

$177,018

$297,390

Median Yellow Springs Market Value

$218,700

Median Greene County Market Value

$165,090

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Yellow Springs, Greene County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45387	$129,325	$167,835	$218,700	$289,142	$357,770

Source: Ownwell

Property Tax Bills Across Yellow Springs, Greene County, Ohio

In Yellow Springs, located in Greene County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local levies and school district funding can influence the tax rate, impacting the final bill. For homeowners, this means that fluctuations in market value or changes in local tax rates can significantly affect their property tax obligations. In Yellow Springs, the median property tax bill stands at $4,085, which is considerably higher than the national median of $2,400. This can place a substantial financial burden on homeowners. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell assists homeowners in navigating the complexities of property tax assessments, ensuring they pay only their fair share.

Property Tax Bills Across Yellow Springs, Greene County, Ohio

Source: Ownwell

$867

$3,925

$6,983

Median Yellow Springs Tax Bill

$4,085

Median Greene County Tax Bill

$3,355

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Yellow Springs, Greene County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45387	$2,139	$3,072	$4,085	$5,521	$6,862

Source: Ownwell