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Friday, November 1, 2024

Analysis: Hamilton County effective property tax rates were lower than the national average in Q2 2023

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Property owners in Hamilton County paid 0.8% of the value of their homes in property taxes in the second 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 second quarter of 2023 was $225,000, based on data from the 2,334 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 Glendale 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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Addyston3$13,820$3202.3%
Lincoln Heights3$37,890$6361.7%
Glendale5$242,000$3,3001.4%
Finneytown4$187,867$1,9911.1%
Madeira21$385,000$4,0561.1%
St. Bernard14$133,250$1,4841.1%
Loveland31$226,250$2,2521%
Groesbeck12$166,500$1,7241%
Dent28$187,500$1,8871%
Fairfax8$205,600$2,1441%
Newtown4$177,500$1,7501%
Mariemont14$535,000$5,0951%
Colerain Township27$240,000$2,4931%
Springfield Township106$188,750$1,9471%
Terrace Park4$750,000$6,9430.9%
Wyoming38$474,000$4,0740.9%
Covedale18$190,500$1,7810.9%
Pleasant Run Farm14$238,500$2,1850.9%
Kenwood19$345,000$3,0100.9%
Anderson Township114$345,750$3,0350.9%
Miami Township17$290,250$2,6000.9%
White Oak39$215,000$1,6670.8%
Monfort Heights South13$240,000$1,8890.8%
Montgomery32$570,000$4,4240.8%
Greenhills13$242,000$1,8750.8%
Springdale26$177,725$1,3490.8%
Pleasant Run13$217,000$1,6470.8%
Mack South17$275,000$2,2800.8%
Elmwood Place14$82,250$6180.8%
North College Hill39$151,000$1,1510.8%
Dillonvale21$269,000$2,0190.8%
Forest Park44$207,500$1,7060.8%
Deer Park28$265,000$2,1290.8%
Cleves16$202,500$1,5230.8%
Lockland12$104,250$8450.8%
Delhi Township82$230,000$1,7290.8%
Sycamore Township23$245,000$1,9460.8%
Blue Ash45$380,000$2,5300.7%
Monfort Heights East9$220,000$1,5650.7%
Cheviot29$178,000$1,2700.7%
Amberley Village6$617,500$4,3610.7%
Cincinnati873$200,000$1,4930.7%
Harrison51$250,000$1,6460.7%
Bridgetown49$190,000$1,3060.7%
White Oak West5$291,000$2,0980.7%
Evendale5$407,000$2,8380.7%
Northgate15$220,000$1,5820.7%
Mount Healthy24$180,500$1,2260.7%
White Oak East13$218,000$1,6180.7%
Northbrook36$154,450$1,0580.7%
Symmes Township42$540,000$3,9170.7%
Indian Hill21$1,400,000$8,9200.6%
Golf Manor18$212,750$1,3740.6%
Mack North3$390,000$2,3280.6%
Sharonville24$268,000$1,5290.6%
Norwood67$250,000$1,5800.6%
Silverton13$260,000$1,6800.6%
Mount Healthy Heights9$210,000$1,1650.6%
Reading26$208,750$1,3550.6%
Woodlawn8$218,750$1,0070.5%

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