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Friday, November 1, 2024

Effective property tax rate in Hamilton County were lower than the national average in Q3 2023

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Property owners in Hamilton County paid 0.8% of the value of their homes in property taxes in the third quarter of 2023, which is less than 0.7 times the national average, according to the real estate analysis posted by North Cincy News.

The median sales price of a Hamilton County home in the third quarter of 2023 was $227,000, based on data from the 2,402 properties sold during that time. In 2023, the median tax bill for the county was $1,822, which is 0.8% of the median value of the homes that were taxed.

This is 0.7 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Hamilton County real estate data showed homeowners in Addyston, Lincoln Heights, and St. Bernard paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Addyston with some other cities belonging to Hamilton County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Addyston3$6,500$3204.9%
Lincoln Heights5$50,000$6361.3%
St. Bernard30$127,375$1,4841.2%
Finneytown5$175,000$1,9911.1%
Glendale7$305,000$3,3001.1%
Monfort Heights South15$180,000$1,8891%
Pleasant Run Farm17$230,000$2,1851%
Mariemont15$500,000$5,0951%
Anderson Township114$316,000$3,0351%
Symmes Township34$409,100$3,9171%
North Bend3$316,080$2,7410.9%
Groesbeck22$186,000$1,7240.9%
Dent36$215,000$1,8870.9%
Fairfax12$237,500$2,1440.9%
White Oak29$180,450$1,6670.9%
Amberley Village6$487,983$4,3610.9%
Elmwood Place7$70,000$6180.9%
Madeira24$442,500$4,0560.9%
Northgate26$179,500$1,5820.9%
Miami Township29$300,000$2,6000.9%
Springfield Township105$227,000$1,9470.9%
Blue Ash31$325,000$2,5300.8%
Montgomery22$585,750$4,4240.8%
Cheviot41$169,000$1,2700.8%
Greenhills12$247,500$1,8750.8%
Wyoming22$482,500$4,0740.8%
Dillonvale20$248,250$2,0190.8%
Forest Park31$220,000$1,7060.8%
Evendale5$365,000$2,8380.8%
Deer Park24$258,161$2,1290.8%
Colerain Township30$294,500$2,4930.8%
Delhi Township83$204,000$1,7290.8%
Sycamore Township22$232,500$1,9460.8%
Monfort Heights East19$230,000$1,5650.7%
Woodlawn9$135,000$1,0070.7%
Golf Manor15$200,000$1,3740.7%
Terrace Park6$1,030,000$6,9430.7%
Mack North12$320,000$2,3280.7%
Cincinnati877$218,000$1,4930.7%
Pleasant Run14$236,750$1,6470.7%
Mack South19$334,500$2,2800.7%
Harrison33$240,000$1,6460.7%
White Oak West8$283,950$2,0980.7%
White Oak East13$230,000$1,6180.7%
Cleves14$212,500$1,5230.7%
Lockland10$121,500$8450.7%
Norwood93$230,000$1,5800.7%
Mount Healthy Heights13$169,000$1,1650.7%
Loveland28$372,500$2,2520.6%
Sharonville28$240,300$1,5290.6%
Springdale33$224,000$1,3490.6%
North College Hill34$178,500$1,1510.6%
Covedale22$281,250$1,7810.6%
Bridgetown47$227,000$1,3060.6%
Mount Healthy19$190,000$1,2260.6%
Kenwood14$475,000$3,0100.6%
Silverton10$274,000$1,6800.6%
Northbrook62$163,825$1,0580.6%
Reading29$220,000$1,3550.6%
Indian Hill18$1,646,763$8,9200.5%
Newtown8$342,500$1,7500.5%

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