Cincinnati, Montgomery County, Ohio Property Taxes

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? 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 Cincinnati's effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.

How are property tax bills calculated in Cincinnati?

Property tax bills in Cincinnati are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. The assessed value is determined by the county and is meant to reflect the market value of the property. Factors such as the home’s location, size, condition, and any improvements can affect that value. With a median home price of $170,605, homeowners in the city may see bills that vary widely depending on how their property is assessed.

What affects the amount a homeowner pays?

Because property taxes are tied to value, a higher assessed value usually means a higher bill. In Montgomery County, the 25th percentile tax bill is $2,264, while the 75th percentile is $5,785 and the 90th percentile is $8,055. That range shows how much bills can differ from one homeowner to another. For many homeowners, property taxes are one of the largest ongoing housing costs and can have a major impact on affordability.