Ohio (OH) property tax rate: 1.53% | Median home: $235,000 | Median annual tax: $3,596
Ohio is a large Midwest state with highly affordable housing. The average effective property tax rate in Ohio is 1.53%, which is above the national average of 1.1%.
On the median Ohio home valued at $235,000, annual property taxes come to approximately $3,596 or $300/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Ohio offers a 2.5% Rollback that reduces property taxes for owner-occupied homes.
Combined with Ohio's state income tax rate of 3.99%, homeowners should consider the total tax picture. Property taxes in Ohio are a major expense — budget carefully.
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Ohio has an average effective property tax rate of 1.53%. On the median home value of $235,000, that equals approximately $3,596 per year or $300 per month.
Property taxes in Ohio are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Ohio offers a 2.5% Rollback that reduces property taxes for owner-occupied homes.
Ohio property taxes are above the national average of 1.1%. Budget carefully for this significant expense when buying a home here.
Property tax due dates vary by county in Ohio. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.