Gratis, Preble County, Ohio Property Taxes
Median Gratis, OH effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Gratis, OH home value: $89,000
Median annual Gratis, OH tax bill: $1,155, $1,245 lower than the national median property tax bill of $2,400.
How are property taxes in Preble calculated?
Property taxes in Gratis, 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 Gratis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gratis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gratis, Preble County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$1,175
$1,090
Property Tax Rates Across Gratis, Preble County, Ohio
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county, like Preble County in Ohio, estimates its required budget to provide essential 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 Gratis, located in Preble County, the effective property tax rate is 1.32%, aligning with the highest and lowest rates found within the same zip code, 45330. This rate is notably higher than the national median property tax rate of 1.02%. Consequently, residents of Gratis may face higher property tax bills compared to the national median of $2400. When compared to other cities in Ohio and the national average, Gratis's property tax rate indicates a significant impact on homeowners' expenses. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.
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 Gratis Tax Rate
1.32%
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 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 Gratis, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45330 | 1.01% | 1.28% | 1.32% | 1.35% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Gratis, Preble County, Ohio
When examining property taxes in Gratis, 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 Gratis. For example, the median home price in Gratis is $89,000, with tax bills ranging significantly across the county. Zip code 45330 has the highest median home price at $89,000.
Property Tax Assessment Values Across Gratis, Preble County, Ohio
Source: Ownwell
$54,400
$103,550
$152,700
Median Gratis Market Value
$89,000
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 Gratis, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45330 | $40,950 | $74,500 | $89,000 | $107,425 | $131,090 |
Source: Ownwell
Property Tax Bills Across Gratis, Preble County, Ohio
Median Gratis Tax Bill
$1,155
Median Preble County Tax Bill
$1,629
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Gratis, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45330 | $590 | $909 | $1,155 | $1,371 | $1,677 |
Source: Ownwell