Tipp City, Miami County, Ohio Property Taxes

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

Median Tipp City, OH effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Tipp City, OH home value: $226,800
Median annual Tipp City, OH tax bill: $3,541, $1,141 higher than the national median property tax bill of $2,400.

How are property taxes in Miami County calculated?

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

Last Updated March 1, 2025

Tipp City, Miami County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$3,447

$3,199

Ownwell’s Tipp City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tipp City with just two data points. By entering your property's estimated assessed value, our calculator applies Tipp City’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 Miami County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tipp City, Miami County, Ohio

Local government entities set tax rates, which can vary widely within a state. This is because 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 Tipp City’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. Miami County, where Tipp City is located, has a median property tax rate of 1.52%, which is above the national median of 1.02%. This means that homeowners in Tipp City may be paying more in property taxes compared to the national average. Understanding these rates can help homeowners make informed decisions about appealing their property taxes or seeking exemptions. By doing so, they can potentially lower their annual tax bills and save money in the long run.

Property Tax Rates Across Tipp City, Miami County, Ohio

Source: Ownwell

1.17%

1.41%

1.66%

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 Tipp City Tax Rate

1.52%

Median Effective Miami County Tax Rate

1.33%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tipp City, Miami County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45371	1.34%	1.51%	1.52%	1.63%	1.69%

Source: Ownwell

Property Tax Assessment Values Across Tipp City, Miami County, Ohio

When examining property taxes in Tipp City, 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 Miami 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 Miami 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 Tipp City.

For example, the median home price in Tipp City is $226,800, with tax bills ranging significantly across the county. Zip code 45371 has the highest median home price at $226,800.

Property Tax Assessment Values Across Tipp City, Miami County, Ohio

Source: Ownwell

$69,500

$148,150

$226,800

Median Tipp City Market Value

$226,800

Median Miami County Market Value

$159,300

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tipp City, Miami County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45371	$109,800	$166,300	$226,800	$301,300	$382,100

Source: Ownwell

Property Tax Bills Across Tipp City, Miami County, Ohio

In Tipp City, Miami County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. Factors such as local levies and school district taxes can influence the final tax bill, making it essential for homeowners to understand their specific liabilities. With a median home price of $226,800, property tax bills in Tipp City can vary significantly. For instance, the 25th percentile tax bill is $2,562, while the 75th percentile reaches $4,788, and the 90th percentile can be as high as $6,033. This range indicates that some homeowners may be paying more than necessary due to inaccurate assessments or overlooked exemptions. Ownwell offers a solution by providing expert property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell can help homeowners reduce their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Tipp City, Miami County, Ohio

Source: Ownwell

$782

$2,162

$3,541

Median Tipp City Tax Bill

$3,541

Median Miami County Tax Bill

$2,118

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Tipp City, Miami County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45371	$1,863	$2,562	$3,541	$4,788	$6,033

Source: Ownwell