Brookville, Montgomery County, Ohio Property Taxes

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

Median Brookville, OH effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%. Median Brookville, OH home value: $135,170. Median annual Brookville, OH tax bill: $2,871, $471 higher than the national median property tax bill of $2,400.

How are property taxes in Montgomery calculated?

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

Last Updated March 1, 2025

Brookville, Montgomery County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.17%

Estimate Property Tax Bill

$2,933

$2,722

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

Property Tax Rates Across Brookville, Montgomery County, Ohio

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budgets to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the core of the annual process. In the city of Brookville, located in Montgomery County, Ohio, the effective property tax rate stands at 2.17%. This is notably higher than both the Ohio state median and the national median property tax rate of 1.02%. The higher tax rate in Brookville reflects the local government's budgetary needs and property value assessments. Comparing Brookville's property tax rate to other cities in Ohio and the U.S. illustrates how local fiscal policies and property values influence tax burdens. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Brookville, Montgomery County, Ohio

Source: Ownwell

1.27%

2.33%

3.39%

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 Brookville Tax Rate

2.17%

Median Effective Montgomery County Tax Rate

2.62%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookville, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45309	1.69%	2.11%	2.17%	2.39%	2.68%

Source: Ownwell

Property Tax Assessment Values Across Brookville, Montgomery County, Ohio

When examining property taxes in Brookville, 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 Montgomery 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 Montgomery 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 Brookville. For example, the median home price in Brookville is $135,170, with tax bills ranging significantly across the county. Zip code 45309 has the highest median home price at $135,170.

Property Tax Assessment Values Across Brookville, Montgomery County, Ohio

Source: Ownwell

$4,930

$124,385

$243,840

Median Brookville Market Value

$135,170

Median Montgomery County Market Value

$98,910

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookville, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45309	$73,761	$99,070	$135,170	$187,855	$246,961

Source: Ownwell

Property Tax Bills Across Brookville, Montgomery County, Ohio

In Brookville, Montgomery County, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the county's appraisal of the property's market value. Homeowners in this area face a median property tax bill of $2,871, which is higher than the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $2,037 and the 90th percentile reaching $5,684. These variations depend on factors such as the property's location, size, and market conditions. High property taxes can be a financial burden for homeowners, impacting their overall cost of living and homeownership affordability.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This service can lead to significant savings, easing the financial strain of high property taxes and ensuring homeowners are not overpaying. With Ownwell's expertise, homeowners can confidently navigate the complexities of property tax assessments and appeals.

Property Tax Bills Across Brookville, Montgomery County, Ohio

Source: Ownwell

$140

$3,884

$7,628

Median Brookville Tax Bill

$2,871

Median Montgomery County Tax Bill

$2,435

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookville, Montgomery County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45309	$1,420	$2,037	$2,871	$4,242	$5,684

Source: Ownwell