Middletown, Preble County, Ohio Property Taxes
Last Updated March 1, 2025
Middletown, Preble County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$1,857
$1,723
Property Tax Rates Across Middletown, Preble County, Ohio
Local government entities in Ohio set property tax rates, which can vary significantly across counties. Each year, counties estimate the budget needed for public services and divide this by the total assessed value of all taxable properties within their jurisdiction, determining the property tax rate. Although votes and legislation influence these rates and budgets, this is the core annual process.
In Middletown, located in Butler County, the effective property tax rate is 1.24%, which is above the national median of 1.02%. This rate is also reflective of the highest and lowest median tax rates within the area, both standing at 1.24% in the 45042 zip code. Comparatively, Ohio's median property tax rate aligns with Middletown’s at 1.24%, indicating a consistency within the state but a marked difference from the national average.
By understanding these rates, property owners in Middletown can better anticipate their tax obligations and explore potential savings through property tax appeals and exemptions. Being informed about local tax trends is essential for making sound financial decisions regarding property ownership.
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 Middletown Tax Rate
1.18%
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
1.25%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Middletown, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45042 | 0.85% | 1.15% | 1.18% | 1.21% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Middletown, Preble County, Ohio
When examining property taxes in Middletown, 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 Middletown.
For example, the median home price in Middletown is $131,000, with tax bills ranging significantly across the county. Zip code 45042 has the highest median home price at $131,000.
Property Tax Assessment Values Across Middletown, Preble County, Ohio
Source: Ownwell
$63,900
$131,550
$199,200
Median Middletown Market Value
$157,350
Median Preble County Market Value
$137,600
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Middletown, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45042 | $70,720 | $116,325 | $157,350 | $201,402 | $321,520 |
Source: Ownwell
Property Tax Bills Across Middletown, Preble County, Ohio
In Middletown, located in Preble County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax authorities and reflects a percentage of the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $131,000, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,209, while the 75th percentile reaches $2,165, and the 90th percentile is $2,641. These figures highlight the variability homeowners face, with some paying above the national median property tax bill of $2,400.
Ownwell can assist homeowners in Middletown by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. This can lead to substantial savings, offering peace of mind and financial relief. With their expertise, homeowners can navigate the complexities of property tax assessments with confidence.
Median Middletown Tax Bill
$1,830
Median Preble County Tax Bill
$1,840
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Middletown, Preble County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45042 | $749 | $1,378 | $1,830 | $2,310 | $3,278 |
Source: Ownwell