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Cincy Reporter

Friday, November 8, 2024

Analysis: Hamilton County effective property tax rates were lower than the national average in Q1

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Property owners in Hamilton County paid 0.8% of the value of their homes in property taxes in the first quarter of 2024, which is less than 0.8 times the national average, according to the real estate analysis posted by Cincy Reporter.

The median sales price of a Hamilton County home in the first quarter of 2024 was $224,000, based on data from the 1,827 properties sold during that time. In 2024, the median tax bill for the county was $1,885, which is 0.8% of the median value of the homes that were taxed.

This is 0.8 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 Mariemont, Mack North, and Colerain Township paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Mariemont with some other cities belonging to Hamilton County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Mariemont4$336,000$5,2741.6%
Mack North4$165,000$2,4091.5%
Colerain Township25$186,000$2,5811.4%
Madeira14$315,000$4,1981.3%
Glendale8$259,400$3,4161.3%
Wyoming12$341,450$4,2171.2%
Finneytown6$195,000$2,0611.1%
Loveland20$218,250$2,3311.1%
Lockland4$77,970$8751.1%
Sycamore Township14$190,500$2,0141.1%
Dent13$195,000$1,9531%
Terrace Park3$750,000$7,1871%
Golf Manor11$154,900$1,4220.9%
Montgomery19$525,000$4,5790.9%
Greenhills11$205,000$1,9410.9%
Elmwood Place4$69,846$6400.9%
Covedale16$215,500$1,8430.9%
Pleasant Run Farm19$255,000$2,2620.9%
Deer Park19$240,000$2,2040.9%
Cleves6$172,500$1,5770.9%
Anderson Township75$335,000$3,1420.9%
Miami Township16$299,150$2,6910.9%
Springfield Township82$229,000$2,0150.9%
Symmes Township7$429,100$4,0540.9%
Groesbeck16$231,500$1,7850.8%
Fairfax12$285,500$2,2190.8%
White Oak37$208,000$1,7260.8%
Monfort Heights South10$240,500$1,9550.8%
Cheviot19$165,000$1,3150.8%
Amberley Village6$558,000$4,5140.8%
Cincinnati676$195,000$1,5450.8%
Harrison32$225,246$1,7040.8%
White Oak West5$285,000$2,1720.8%
White Oak East4$221,250$1,6750.8%
Norwood36$210,000$1,6360.8%
Kenwood11$380,000$3,1160.8%
Blue Ash25$385,000$2,6190.7%
Indian Hill10$1,340,000$9,2330.7%
Monfort Heights East10$240,000$1,6200.7%
Mack South7$338,000$2,3600.7%
Bridgetown42$187,500$1,3520.7%
Dillonvale8$290,000$2,0900.7%
Forest Park81$270,000$1,7660.7%
Northgate25$235,000$1,6380.7%
St. Bernard15$215,000$1,5360.7%
Delhi Township78$242,500$1,7900.7%
Arlington Heights2$154,500$1,0040.6%
Sharonville20$257,000$1,5830.6%
Springdale31$220,000$1,3970.6%
North College Hill29$185,000$1,1910.6%
Mount Healthy11$200,000$1,2690.6%
Silverton11$280,000$1,7390.6%
Northbrook65$180,000$1,0950.6%
Reading15$250,000$1,4020.6%
Lincoln Heights3$134,000$6580.5%
Evendale3$600,000$2,9380.5%
Woodlawn4$282,500$1,0420.4%
Newtown12$460,000$1,8120.4%
Pleasant Run28$572,565$1,7050.3%
Mount Healthy Heights12$438,000$1,2060.3%

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