Montgomery, Hamilton County, Ohio Property Taxes

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

Median Montgomery, OH effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Montgomery, OH home value: $371,570
Median annual Montgomery, OH tax bill: $7,775, $5,375 higher than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Montgomery, Hamilton County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$7,840

$7,275

Ownwell’s Montgomery Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montgomery with just two data points.

By entering your property's estimated assessed value, our calculator applies Montgomery’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 Hamilton County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montgomery, Hamilton County, Ohio

Local government entities determine tax rates, resulting in significant variation within Ohio. Each county, including Hamilton, assesses its budgetary needs to deliver essential services and divides this by the total assessed value of all taxable property in its jurisdiction. This calculation establishes the property tax rate. While the process involves votes and legislation, this is the core annual procedure.

In Montgomery, located in Hamilton County, the effective property tax rate is 2.11%, which is notably higher than both the Ohio state median and the national median of 1.02%. This places Montgomery among the cities with the highest property tax rates in the state. In comparison, the median property tax bill across the U.S. is $2,400, while Montgomery's residents face a significantly higher financial obligation due to the elevated tax rate.

Understanding these rates is crucial for property owners, as they directly impact the annual tax burden. By staying informed, residents can better navigate the property tax landscape and explore potential appeal and exemption opportunities.

Property Tax Rates Across Montgomery, 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 Montgomery Tax Rate

2.11%

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 Montgomery, Hamilton County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45242	1.96%	2.11%	2.11%	2.11%	2.17%
45249	1.98%	2.11%	2.11%	2.11%	2.12%

Source: Ownwell

Property Tax Assessment Values Across Montgomery, Hamilton County, Ohio

When examining property taxes in Montgomery, 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 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 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 Montgomery. For example, the median home price in Montgomery is $371,570, with tax bills ranging significantly across the county. Zip code 45249 has the highest median home price at $445,500.

Property Tax Assessment Values Across Montgomery, Hamilton County, Ohio

Source: Ownwell

$24,660

$251,280

$477,900

Median Montgomery Market Value

$371,570

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 Montgomery, Hamilton County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45242	$184,910	$297,480	$354,010	$476,490	$724,230
45249	$316,548	$363,325	$445,500	$699,530	$954,818

Source: Ownwell

Property Tax Bills Across Montgomery, Hamilton County, Ohio

In Montgomery, Hamilton County, OH, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Montgomery often face higher tax bills compared to the national median, with the 25th percentile tax bill at $6,375 and the 75th percentile reaching $11,010. The highest median tax bill in the area is $9,401 in the 45249 zip code, while the lowest is $7,373 in the 45242 zip code. These figures highlight the potential burden on homeowners, especially when compared to the national median tax bill of $2,400. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for tax reductions, helping homeowners save significantly. This service not only eases financial burdens but also ensures fair property tax assessments.

Property Tax Bills Across Montgomery, Hamilton County, Ohio

Source: Ownwell

$437

$6,292

$12,146

Median Montgomery Tax Bill

$7,775

Median Hamilton County Tax Bill

$3,119

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery, Hamilton County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45242	$3,778	$6,120	$7,373	$9,967	$15,087
45249	$6,559	$7,611	$9,401	$14,739	$20,135

Source: Ownwell