Mount Sterling, Madison County, Ohio Property Taxes
Median Mount Sterling, OH effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Mount Sterling, OH home value: $113,580
Median annual Mount Sterling, OH tax bill: $1,694, $706 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Mount Sterling, 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 Mount Sterling’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Sterling, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Sterling, Madison County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$1,692
$1,570
Property Tax Rates Across Mount Sterling, Madison County, Ohio
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 Mount Sterling Tax Rate
1.49%
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 Madison County Tax Rate
1.59%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Sterling, Madison County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43143 | 1.30% | 1.38% | 1.49% | 1.54% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Mount Sterling, Madison County, Ohio
When examining property taxes in Mount Sterling, 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 Madison 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 Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Mount Sterling.
For example, the median home price in Mount Sterling is $113,580, with tax bills ranging significantly across the county. Zip code 43143 has the highest median home price at $113,580.
Property Tax Assessment Values Across Mount Sterling, Madison County, Ohio
Source: Ownwell
$78,580
$165,693
$252,805
Median Mount Sterling Market Value
$113,580
Median Madison County Market Value
$142,200
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Sterling, Madison County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43143 | $33,736 | $78,440 | $113,580 | $168,620 | $232,364 |
Source: Ownwell
Property Tax Bills Across Mount Sterling, Madison County, Ohio
In Mount Sterling, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the Madison County Auditor. The assessed value is a percentage of the market value, and the property tax rate is applied to this assessed value to calculate the tax bill. The median home price in Mount Sterling is $113,580, which is lower than the national median. The property tax bill for the area varies significantly, with the 25th percentile at $1,132 and the 75th percentile reaching $2,509. This variability can impact homeowners, especially those with limited budgets.
For homeowners looking to reduce their property tax burden, Ownwell offers valuable services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners appeal their tax bills, potentially leading to significant savings. This service is particularly beneficial for those in Mount Sterling, where the property tax bills can vary widely. With expertise in property tax appeals, Ownwell ensures that homeowners are not overpaying and are only charged their fair share.
Median Mount Sterling Tax Bill
$1,694
Median Madison County Tax Bill
$2,428
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Sterling, Madison County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43143 | $587 | $1,132 | $1,694 | $2,509 | $3,550 |
Source: Ownwell