Eldorado, Preble County, Ohio Property Taxes

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

Median Eldorado, OH effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Eldorado, OH home value: $89,400
Median annual Eldorado, OH tax bill: $1,321, $1,079 lower than the national median property tax bill of $2,400.

How are property taxes in Preble County calculated?

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

Last Updated March 1, 2025

Eldorado, Preble County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$1,359

$1,261

Ownwell’s Eldorado Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eldorado with just two data points. By entering your property's estimated assessed value, our calculator applies Eldorado’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 Eldorado, Preble County, Ohio

Local government entities set tax rates, which can vary widely within a state. 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 Eldorado’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.

In Eldorado, located in Preble County, the property tax rate is a reflection of the county's fiscal needs and the total taxable property value. This rate can be compared to the national median property tax rate of 1.02%. Eldorado's rate stands out in the state, showcasing the diversity in tax rates across Ohio. Understanding these variations can help property owners make informed decisions about property tax appeals and exemptions. By comparing Eldorado's rate with the national and state medians, property owners can better assess their tax liabilities and explore potential savings.

Property Tax Rates Across Eldorado, 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 Eldorado Tax Rate

1.52%

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 Eldorado, Preble County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45321	0.81%	1.22%	1.52%	1.60%	1.68%

Source: Ownwell

Property Tax Assessment Values Across Eldorado, Preble County, Ohio

When examining property taxes in Eldorado, 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 Auditor 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 Eldorado. For example, the median home price in Eldorado is $89,400, with tax bills ranging significantly across the county. Zip code 45321 has the highest median home price at $89,400.

Property Tax Assessment Values Across Eldorado, Preble County, Ohio

Source: Ownwell

$54,400

$103,550

$152,700

Median Eldorado Market Value

$89,400

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 Eldorado, Preble County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45321	$35,100	$58,450	$89,400	$129,682	$341,025

Source: Ownwell

Property Tax Bills Across Eldorado, Preble County, Ohio

In Eldorado, Preble County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Eldorado typically see a range of property tax bills, with the 25th percentile at $891 and the 75th percentile at $1,837. The 90th percentile reaches $2,977, which is significantly higher than the national median property tax bill of $2,400. This variation indicates that while some homeowners pay relatively lower taxes, others might face higher bills, influenced by factors such as property location and market conditions. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing local tax assessments and market trends, Ownwell helps ensure homeowners are not overpaying on their property taxes, potentially reducing their financial burden and allowing them to allocate resources more effectively.

Property Tax Bills Across Eldorado, Preble County, Ohio

Source: Ownwell

$789

$1,537

$2,285

Median Eldorado Tax Bill

$1,321

Median Preble County Tax Bill

$1,629

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Eldorado, Preble County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45321	$584	$891	$1,321	$1,837	$2,977

Source: Ownwell