Milford, Hamilton County, Ohio Property Taxes

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

Median Milford, OH effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Milford, OH home value: $99,030
Median annual Milford, OH tax bill: $2,417, $17 higher than the national median property tax bill of $2,400.

How are property taxes in Hamilton County calculated?

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

Last Updated March 1, 2025

Milford, Hamilton County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.44%

Estimate Property Tax Bill

$2,416

$2,242

Ownwell’s Milford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Milford with just two data points. By entering your property's estimated assessed value, our calculator applies Milford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Hamilton 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 Milford, Hamilton County, Ohio

Local government entities set tax rates, which can vary widely within a state. 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.

Milford, located in Hamilton County, Ohio, has an effective property tax rate of 2.44%. This rate is significantly higher than the national median property tax rate of 1.02%. When compared to the median property tax rates in Ohio and the U.S., Milford's rate stands out as notably elevated. This difference can impact homeowners, as a higher rate translates to a higher annual tax bill. The national median property tax bill is $2,400, and Milford's rate suggests that residents may pay considerably more. Understanding these rates is crucial for homeowners considering a property tax appeal or exemption. By comparing Milford's effective property tax rate to other cities in Ohio and the national average, residents can better evaluate their property tax situation and explore potential savings.

Property Tax Rates Across Milford, Hamilton County, Ohio

Source: Ownwell

1.71%

2.52%

3.33%

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 Milford Tax Rate

2.44%

Median Effective Hamilton County Tax Rate

2.32%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Milford, Hamilton County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45150	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Milford, Hamilton County, Ohio

When examining property taxes in Milford, 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 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.

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 Milford. For example, the median home price in Milford is $99,030, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Milford, Hamilton County, Ohio

Source: Ownwell

$24,660

$251,280

$477,900

Median Milford Market Value

$99,030

Median Hamilton County Market Value

$139,190

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Milford, Hamilton County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45150	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Milford, Hamilton County, Ohio

In Milford, located in Hamilton County, OH, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in Milford is $99,030. Homeowners in this area face a range of tax bills, with the 25th percentile at $1,320 and the 75th percentile reaching $3,778, while the 90th percentile goes up to $3,959. These figures highlight a significant variation compared to the national median property tax bill of $2,400. Several factors influence the property tax bill, including changes in the local tax rate, property value assessments, and any applicable exemptions or deductions. High property tax bills can place a financial burden on homeowners, impacting their overall budget. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills through strategic appeals and exemptions. Ownwell's comprehensive approach ensures that homeowners receive the most favorable outcome, easing the financial strain of high property taxes.

Property Tax Bills Across Milford, Hamilton County, Ohio

Source: Ownwell

$437

$6,292

$12,146

Median Milford Tax Bill

$2,417

Median Hamilton County Tax Bill

$3,119

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Milford, Hamilton County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45150	N/A	N/A	N/A	N/A	N/A

Source: Ownwell