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West Hamilton News

Sunday, November 24, 2024

Hamilton County effective property tax rate in Q4 2023 was lower than the national average

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

The median sales price of a Hamilton County home in the fourth quarter of 2023 was $224,900, based on data from the 1,967 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 North Bend, Wyoming, and Colerain Township 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 North Bend with some other cities belonging to Hamilton County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
North Bend5$135,000$2,7412%
Wyoming14$262,500$4,0741.6%
Colerain Township20$179,000$2,4931.4%
Mariemont4$401,000$5,0951.3%
Finneytown5$173,000$1,9911.2%
Sycamore Township19$165,000$1,9461.2%
Loveland25$210,000$2,2521.1%
Miami Township16$231,000$2,6001.1%
Terrace Park3$710,000$6,9431%
Glendale6$317,450$3,3001%
Cleves5$150,000$1,5231%
St. Bernard11$155,000$1,4841%
Anderson Township79$295,000$3,0351%
Fairfax4$235,000$2,1440.9%
Lincoln Heights8$72,000$6360.9%
Amberley Village4$487,375$4,3610.9%
Newtown5$200,000$1,7500.9%
Pleasant Run Farm15$250,000$2,1850.9%
Madeira23$430,000$4,0560.9%
Springfield Township106$224,245$1,9470.9%
Blue Ash23$320,000$2,5300.8%
Indian Hill15$1,088,751$8,9200.8%
Groesbeck14$222,500$1,7240.8%
Dent23$250,000$1,8870.8%
White Oak31$205,000$1,6670.8%
Monfort Heights South14$247,250$1,8890.8%
Pleasant Run11$193,900$1,6470.8%
Covedale12$230,500$1,7810.8%
Dillonvale11$264,600$2,0190.8%
Deer Park11$275,000$2,1290.8%
Kenwood14$360,000$3,0100.8%
Mount Healthy Heights9$149,900$1,1650.8%
Delhi Township73$220,000$1,7290.8%
Symmes Township24$487,500$3,9170.8%
Monfort Heights East13$220,000$1,5650.7%
Montgomery12$600,000$4,4240.7%
Cheviot40$180,950$1,2700.7%
Greenhills14$252,000$1,8750.7%
Cincinnati710$200,000$1,4930.7%
Mack South18$325,950$2,2800.7%
Harrison35$232,900$1,6460.7%
Forest Park45$243,500$1,7060.7%
Evendale7$395,000$2,8380.7%
Northgate29$223,775$1,5820.7%
White Oak East10$220,000$1,6180.7%
Silverton14$230,000$1,6800.7%
Northbrook55$152,000$1,0580.7%
Golf Manor10$220,000$1,3740.6%
Mack North3$402,900$2,3280.6%
Sharonville25$237,000$1,5290.6%
Springdale20$222,500$1,3490.6%
Elmwood Place14$111,750$6180.6%
North College Hill53$200,000$1,1510.6%
Bridgetown44$226,500$1,3060.6%
Mount Healthy21$200,000$1,2260.6%
Norwood64$250,000$1,5800.6%
Reading28$216,000$1,3550.6%
Woodlawn7$193,000$1,0070.5%
Lockland9$165,000$8450.5%

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