West Milton, Miami County, Ohio Property Taxes
Median WEST MILTON, OH effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median WEST MILTON, OH home value: $133,600
Median annual WEST MILTON, OH tax bill: $1,692, $708 lower than the national median property tax bill of $2,400.
How are property taxes in Miami calculated?
Property taxes in WEST MILTON, 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 WEST MILTON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WEST MILTON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Milton, Miami County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.29%
Estimate Property Tax Bill
$1,723
$1,599
Property Tax Rates Across West Milton, Miami County, Ohio
Local government entities determine tax rates, and these can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and then divide this by the total assessed value of all taxable properties in their area. This calculation results in the property tax rate. Although there are votes and laws involved in setting these rates and budgets, this is the basic annual process.
In West Milton, located in Miami County, the effective property tax rate mirrors the highest and lowest rates within the zip code 45383, standing at 1.29%. This figure is notably higher than the national median property tax rate of 1.02%. When comparing West Milton’s rate to the median property tax rates across Ohio and the U.S., it becomes evident that residents here face a relatively higher tax burden. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions, ensuring they are not overpaying.
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 West Milton Tax Rate
1.29%
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 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 West Milton, Miami County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45383 | 1.00% | 1.19% | 1.29% | 1.29% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across West Milton, Miami County, Ohio
When examining property taxes in West Milton, 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 Miami 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 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 West Milton. For example, the median home price in West Milton is $133,600, with tax bills ranging significantly across the county. Zip code 45383 has the highest median home price at $133,600.
Property Tax Assessment Values Across West Milton, Miami County, Ohio
Source: Ownwell
$69,500
$148,150
$226,800
Median West Milton Market Value
$133,600
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 West Milton, Miami County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45383 | $46,740 | $99,075 | $133,600 | $193,075 | $268,760 |
Source: Ownwell
Property Tax Bills Across West Milton, Miami County, Ohio
Median West Milton Tax Bill
$1,692
Median Miami County Tax Bill
$2,118
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across West Milton, Miami County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45383 | $869 | $1,263 | $1,692 | $2,388 | $3,375 |
Source: Ownwell