Springboro, Montgomery County, Ohio Property Taxes
Median Springboro, OH effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Springboro, OH home value: $206,430.
Median annual Springboro, OH tax bill: $4,120, $1,720 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery County calculated?
Property taxes in Springboro, 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 Springboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Springboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Springboro, Montgomery County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.98%
Estimate Property Tax Bill
$4,087
$3,793
Property Tax Rates Across Springboro, Montgomery County, Ohio
Local government entities set tax rates, which can vary widely within a state. 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.
In Springboro, located in Montgomery County, Ohio, the effective property tax rate is 1.98%. This rate is notably higher than the national median property tax rate of 1.02%. The median property tax bill in Springboro is also higher compared to the national median bill of $2400. This reflects the local government's budgetary needs and the value of taxable properties within the area.
Understanding these rates is crucial for property owners as they directly impact the annual tax bill. Property tax rates can significantly affect homeownership costs, and knowing how they are determined can help residents make informed decisions about their investments. Comparing Springboro’s rates to other cities in Ohio and the national average highlights the unique financial landscape of the area.
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 Springboro Tax Rate
1.98%
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
2.62%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Springboro, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45066 | 1.98% | 1.98% | 1.98% | 1.98% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Springboro, Montgomery County, Ohio
When examining property taxes in Springboro, 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 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 May. 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 Springboro. For example, the median home price in Springboro is $206,430, with tax bills ranging significantly across the county. Zip code 45066 has the highest median home price at $206,430.
Property Tax Assessment Values Across Springboro, Montgomery County, Ohio
Source: Ownwell
$4,930
$124,385
$243,840
Median Springboro Market Value
$206,430
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 Springboro, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45066 | $165,596 | $186,240 | $206,430 | $231,735 | $254,400 |
Source: Ownwell
Property Tax Bills Across Springboro, Montgomery County, Ohio
In Springboro, located in Montgomery County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax authorities, which typically use a percentage of the market value. Homeowners in Springboro face property tax bills that can vary significantly, with the 25th percentile at $3,695 and the 75th percentile at $4,596. The median tax bill in the area is $4,120, which is considerably higher than the national median property tax bill of $2,400, reflecting a relatively high property tax burden in the region.
Several factors influence the property tax bill, including changes in property values and local tax rates. High tax bills can impact homeowners by increasing their annual expenses, making it crucial to explore ways to reduce these costs. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially lower their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in achieving fairer tax valuations, ultimately leading to significant savings.
Median Springboro Tax Bill
$4,120
Median Montgomery County Tax Bill
$2,435
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Springboro, Montgomery County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45066 | $3,199 | $3,695 | $4,120 | $4,596 | $5,034 |
Source: Ownwell