Monroe, Warren County, Ohio Property Taxes

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

Median Monroe, OH effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Monroe, OH home value: $188,510
Median annual Monroe, OH tax bill: $3,164, $764 higher than the national median property tax bill of $2,400.

How are property taxes in Warren calculated?

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

Last Updated March 1, 2025

Monroe, Warren County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.68%

Estimate Property Tax Bill

$3,167

$2,939

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

Property Tax Rates Across Monroe, Warren County, Ohio

Local government entities set tax rates, which can vary significantly within a state. Each county estimates its annual budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Monroe in Warren County, Ohio, exemplifies this variability. The effective property tax rate here is notably higher than Ohio's state median. This difference highlights the diverse fiscal needs and property values across regions. Ohio's median property tax rate is also higher than the national median, reflecting the state's reliance on property taxes for funding local services.

Understanding these differences is crucial for property owners. An effective property tax rate above the national median can impact your financial planning and investment decisions. Comparing Monroe's rate to other cities in Ohio and the U.S. median provides a clearer picture of where it stands. This knowledge empowers property owners to make informed decisions about their investments and potential appeals.

Property Tax Rates Across Monroe, Warren County, Ohio

Source: Ownwell

1.20%

1.60%

2.01%

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 Monroe Tax Rate

1.68%

Median Effective Warren County Tax Rate

1.67%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe, Warren County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45050	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Monroe, Warren County, Ohio

When examining property taxes in Monroe, 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 Warren 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 Warren 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 Monroe. For example, the median home price in Monroe is $188,510, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Monroe, Warren County, Ohio

Source: Ownwell

$4,050

$180,970

$357,890

Median Monroe Market Value

$188,510

Median Warren County Market Value

$234,580

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe, Warren County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45050	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Monroe, Warren County, Ohio

Property tax bills in Monroe, Warren County, Ohio, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $188,510, homeowners in Monroe face a range of property tax bills. The 25th percentile tax bill is $2,919, while the 75th percentile reaches $6,541, and the 90th percentile can be as high as $9,967. These figures are notably higher than the national median property tax bill of $2,400, reflecting the impact of local tax rates and property values. High property taxes can place a significant financial burden on homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values, resulting in reduced tax bills. This assistance can lead to substantial savings and alleviate the financial strain of high property taxes in Monroe.

Property Tax Bills Across Monroe, Warren County, Ohio

Source: Ownwell

$718

$3,090

$5,461

Median Monroe Tax Bill

$3,164

Median Warren County Tax Bill

$3,873

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Warren County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45050	N/A	N/A	N/A	N/A	N/A

Source: Ownwell