Minster, Mercer County, Ohio Property Taxes
Median Minster, OH effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Minster, OH home value: $240,400
Median annual Minster, OH tax bill: $3,410, $1,010 higher than the national median property tax bill of $2,400.
How are property taxes in Mercer County calculated?
Property taxes in Minster, 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 Minster’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Minster, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Minster, Mercer County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$4,662
$4,326
Ownwell’s Minster Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Minster with just two data points. By entering your property's estimated assessed value, our calculator applies Minster’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Mercer 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 Mercer County. With a median property tax bill that matches the highest in the region at $3410, Minster’s tax obligations surpass the national median property tax bill of $2400, emphasizing the importance of utilizing our services.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Minster, Mercer County, Ohio
Local government entities set tax rates, which can vary widely within a state. 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 Minster’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
Minster in Mercer County, Ohio, stands out with a property tax rate that is higher than the national median. The effective property tax rate in Minster is 1.40%, which is above the national median of 1.02%. This rate is representative of the highest and lowest median tax rates within the area, indicating a consistent tax structure. Compared to the national median property tax bill of $2400, Minster’s tax rate suggests a potentially higher property tax bill for homeowners. Understanding these rates and their implications can be crucial for property owners looking to manage their expenses effectively.
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 Minster Tax Rate
1.32%
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 Mercer County Tax Rate
1.32%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Minster, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45865 | 1.20% | 1.32% | 1.32% | 1.34% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Minster, Mercer County, Ohio
When examining property taxes in Minster, 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 Mercer 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 Mercer 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 Minster. For example, the median home price in Minster is $240,400, with tax bills ranging significantly across the county. Zip code 45865 has the highest median home price at $240,400.
Property Tax Assessment Values Across Minster, Mercer County, Ohio
Source: Ownwell
$108,350
$230,775
$353,200
Median Minster Market Value
$353,200
Median Mercer County Market Value
$176,050
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Minster, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45865 | $227,900 | $311,300 | $353,200 | $443,100 | $534,400 |
Source: Ownwell
Property Tax Bills Across Minster, Mercer County, Ohio
Median Minster Tax Bill
$4,681
Median Mercer County Tax Bill
$2,287
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Minster, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45865 | $2,284 | $3,935 | $4,681 | $5,869 | $7,069 |
Source: Ownwell