Property Taxes in Oakwood, Ohio
Median Oakwood, Ohio effective property tax rate: 2.61%, significantly higher than the national median of 1.02%, and higher than the Ohio state median of 1.60%.
Median Oakwood, Ohio home value: $304,830
Median annual Oakwood, Ohio tax bill: $7,872, $5,472 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Oakwood, Ohio 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 Oakwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Oakwood Property Tax Calculator Work?
Use this Oakwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oakwood's median effective tax rate of 2.61% — based on actual property records in Montgomery County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oakwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Oakwood: rates range from $7,781 in 45409 to $7,883 in 45419, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oakwood.
About Oakwood Property Taxes
About Property Taxes in Oakwood, Montgomery, Ohio
Oakwood’s median effective property tax rate of 2.61% is higher than the Ohio state median of 1.60% and higher than the national median of 1.02%. This rate reflects the Montgomery County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Oakwood. Homeowners in the 45409 ZIP code carry a median effective rate of 2.62%, while those in 45419 pay 2.61%. This spread — 0.01 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Montgomery County. Understanding which part of Oakwood you live in can make a meaningful difference to your annual tax bill.
Oakwood homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Oakwood, Montgomery County, Ohio
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 Oakwood's effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
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 Oakwood Tax Rate
2.61%
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 Montgomery County Tax Rate
2.04%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Oakwood, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45409 | 2.44% | 2.61% | 2.62% | 2.66% | 2.67% |
| 45419 | 2.42% | 2.61% | 2.61% | 2.62% | 2.67% |
Source: Ownwell
Property Tax Assessment Values Across Oakwood, Montgomery County, Ohio
When examining property taxes in Oakwood, 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. Montgomery County 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.
Assessment notices in Montgomery County are sent in the spring each year and typically reach your mailbox by the middle of the season. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Oakwood is $304,830, with tax bills ranging significantly across the county. 45409 has the highest median home price at $307,290. Oakwood’s median tax bill is $7,872, well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Oakwood, Montgomery County, Ohio
Source: Ownwell
$7,515
$166,663
$325,810
Median Oakwood Market Value
$304,830
Median Montgomery County Market Value
$139,400
Median Ohio Market Value
$168,370
Median United States Market Value
$274,101
Property Tax Assessment Values Across Oakwood, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45409 | $182,000 | $221,220 | $307,290 | $420,855 | $540,418 |
| 45419 | $191,462 | $235,925 | $304,120 | $422,415 | $607,291 |
Source: Ownwell
Property Tax Bills Across Oakwood, Montgomery County, Ohio
Property tax bills in Oakwood are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is influenced by factors such as location, lot size, home condition, improvements, and comparable sales in the area. For homeowners, this means that changes in the housing market or upgrades to a property can affect the amount owed each year.
With a median home price of $304,830, Oakwood homeowners often face property tax bills that are well above the national median property tax bill of $2,400. In Montgomery County, the typical tax burden can vary widely, with bills ranging from $6,005 at the 25th percentile to $10,900 at the 75th percentile, and reaching $15,106 at the 90th percentile. These higher bills can have a significant impact on household budgets, making it important for homeowners to understand how their taxes are determined.
Median Oakwood Tax Bill
$7,872
Median Montgomery County Tax Bill
$2,796
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$3,209
Property Tax Bills Across Oakwood, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45409 | $4,788 | $5,613 | $7,781 | $10,784 | $13,623 |
| 45419 | $4,909 | $6,079 | $7,883 | $10,921 | $15,539 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Montgomery Tax Assessor | |
| Website | www.mcrealestate.org |