Arcanum, Preble County, Ohio Property Taxes

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

Median Arcanum, OH effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Arcanum, OH home value: $143,850
Median annual Arcanum, OH tax bill: $2,285, $115 lower than the national median property tax bill of $2,400.

How are property taxes in Preble calculated?

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

Last Updated March 1, 2025

Arcanum, Preble County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$2,287

$2,122

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

Property Tax Rates Across Arcanum, Preble County, Ohio

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 Arcanum’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. Arcanum, located in Preble County, has a median property tax rate of 1.59%. This rate is significantly above the national median property tax rate of 1.02%, highlighting the higher property tax burden in the area. Compared to other regions within Ohio, Arcanum's rate is consistent, as it is both the highest and lowest within its zip code. Understanding these rates is crucial for property owners in assessing their annual tax liabilities and exploring potential appeals or exemptions.

Property Tax Rates Across Arcanum, Preble County, Ohio

Source: Ownwell

1.22%

1.63%

2.04%

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 Arcanum Tax Rate

1.59%

Median Effective Preble County Tax Rate

1.43%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Arcanum, Preble County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45304	1.37%	1.57%	1.59%	1.62%	1.64%

Source: Ownwell

Property Tax Assessment Values Across Arcanum, Preble County, Ohio

When examining property taxes in Arcanum, 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 Preble 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 Preble County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Arcanum. For example, the median home price in Arcanum is $143,850, with tax bills ranging significantly across the county. Zip code 45304 has the highest median home price at $143,850.

Property Tax Assessment Values Across Arcanum, Preble County, Ohio

Source: Ownwell

$54,400

$103,550

$152,700

Median Arcanum Market Value

$143,850

Median Preble County Market Value

$108,300

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Arcanum, Preble County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45304	$83,900	$107,275	$143,850	$190,675	$279,550

Source: Ownwell

Property Tax Bills Across Arcanum, Preble County, Ohio

In Arcanum, Preble County, OH, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price here is $143,850, and the property tax rate is comparable to the national median. Homeowners can expect tax bills ranging from $1,733 at the 25th percentile to $3,845 at the 90th percentile, with a median tax bill of $2,285. This figure is slightly below the national median property tax bill of $2,400. Factors influencing the tax bill include changes in property value and local government budget requirements. For homeowners, this means that any increase in assessed value or tax rate directly impacts the amount owed. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing assessments and identifying applicable exemptions. By leveraging expert knowledge and local insights, Ownwell can assist homeowners in navigating the complexities of property taxes, ensuring they pay no more than necessary.

Property Tax Bills Across Arcanum, Preble County, Ohio

Source: Ownwell

$789

$1,537

$2,285

Median Arcanum Tax Bill

$2,285

Median Preble County Tax Bill

$1,629

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Arcanum, Preble County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45304	$1,247	$1,733	$2,285	$2,813	$3,845

Source: Ownwell