N College Hl, Hamilton County, Ohio Property Taxes
Median N College Hl, OH effective property tax rate: 2.50%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median N College Hl, OH home value: $76,600
Median annual N College Hl, OH tax bill: $1,918, $482 lower than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in N College Hl, 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 N College Hl’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in N College Hl, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
N College Hl, Hamilton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$2,203
$2,045
Ownwell’s N College Hl Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in N College Hl with just two data points.
By entering your property's estimated assessed value, our calculator applies N College Hl’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 N College Hl, 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.
N College Hl in Hamilton County, Ohio, has an effective property tax rate of 2.50%. This rate is significantly higher than the national median property tax rate of 1.02%. Moreover, it stands as the highest in the state, matching the rate found in zip code 45224. This means homeowners in N College Hl are contributing a larger portion of their property's assessed value towards local taxes compared to many other regions. The elevated tax rate indicates a strong emphasis on funding local services, which might include public schools, infrastructure, and emergency services. For residents, understanding these rates is crucial, as they directly impact the annual tax bill, which can significantly exceed the national median of $2,400.
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 N College Hl Tax Rate
1.77%
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 Hamilton County Tax Rate
1.98%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across N College Hl, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45224 | 1.77% | 1.77% | 1.77% | 1.86% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across N College Hl, Hamilton County, Ohio
When examining property taxes in N College Hl, OH, 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 May. 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 N College Hl. For example, the median home price in N College Hl is $76,600, with tax bills ranging significantly across the county. 45224 has the highest median home price at $76,600.
Property Tax Assessment Values Across N College Hl, Hamilton County, Ohio
Source: Ownwell
$48,340
$360,900
$673,460
Median N College Hl Market Value
$124,485
Median Hamilton County Market Value
$196,620
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across N College Hl, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45224 | $98,356 | $111,770 | $124,485 | $140,372 | $168,571 |
Source: Ownwell
Property Tax Bills Across N College Hl, Hamilton County, Ohio
In N College Hl, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value set by the county. The median home price in Hamilton County is $76,600, and property tax rates are applied to this assessed value to calculate the tax bill. The median property tax bill in this area is $1,918, which is lower than the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,745 and the 90th percentile reaching $2,346. Various factors, such as changes in property value and local tax rates, influence these bills, impacting homeowners' finances.
Ownwell assists homeowners in reducing their property tax bills by offering expert services in tax appeal and exemption. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf, potentially saving you a significant amount on your tax bill. This service ensures that homeowners pay only their fair share, easing the financial burden of property taxes.
Median N College Hl Tax Bill
$2,195
Median Hamilton County Tax Bill
$3,721
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across N College Hl, Hamilton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45224 | $1,710 | $1,901 | $2,195 | $2,439 | $3,199 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Hamilton Tax Assessor | |
| Website | wedge1.hcauditor.org |