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Cincy Reporter

Wednesday, September 18, 2024

Hamilton County effective property tax rate in Q2 was lower than the national average

Realestate2

Property owners in Hamilton County paid 0.8% of the value of their homes in property taxes in the second quarter of 2024, which is less than 0.7 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 second quarter of 2024 was $236,200, based on data from the 2,579 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 0.7 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 Mariemont paid the highest tax rate of 1.1%.

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 second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Mariemont11$500,000$5,2741.1%
Groesbeck20$181,850$1,7851%
Terrace Park11$700,000$7,1871%
Wyoming22$433,750$4,2171%
Glendale12$347,950$3,4161%
Evendale4$290,000$2,9381%
Anderson Township125$325,000$3,1421%
Colerain Township30$259,000$2,5811%
Miami Township25$274,000$2,6911%
Finneytown4$220,000$2,0610.9%
Dent30$207,500$1,9530.9%
Monfort Heights South20$221,000$1,9550.9%
Greenhills12$216,300$1,9410.9%
Covedale21$209,000$1,8430.9%
White Oak West5$237,000$2,1720.9%
Pleasant Run Farm18$250,000$2,2620.9%
Cleves10$184,175$1,5770.9%
Lockland12$102,500$8750.9%
Springfield Township98$217,050$2,0150.9%
Arlington Heights3$130,000$1,0040.8%
Blue Ash42$347,500$2,6190.8%
Loveland34$285,000$2,3310.8%
North Bend3$362,250$2,8370.8%
Golf Manor9$175,000$1,4220.8%
White Oak45$230,000$1,7260.8%
Montgomery34$598,800$4,5790.8%
Cheviot37$170,000$1,3150.8%
Pleasant Run16$206,075$1,7050.8%
Mack South13$300,000$2,3600.8%
Madeira29$494,000$4,1980.8%
Forest Park59$225,000$1,7660.8%
Mount Healthy29$165,000$1,2690.8%
Deer Park20$268,650$2,2040.8%
Kenwood14$372,750$3,1160.8%
St. Bernard31$192,500$1,5360.8%
Delhi Township93$235,000$1,7900.8%
Symmes Township45$530,000$4,0540.8%
Monfort Heights East12$225,000$1,6200.7%
Woodlawn8$155,000$1,0420.7%
Fairfax9$321,000$2,2190.7%
Lincoln Heights11$98,700$6580.7%
Amberley Village10$677,500$4,5140.7%
Cincinnati934$225,000$1,5450.7%
Harrison52$246,750$1,7040.7%
North College Hill41$166,000$1,1910.7%
Bridgetown63$202,500$1,3520.7%
Dillonvale17$285,000$2,0900.7%
Northgate39$220,000$1,6380.7%
White Oak East13$248,000$1,6750.7%
Reading29$210,000$1,4020.7%
Sycamore Township26$302,500$2,0140.7%
Indian Hill15$1,625,000$9,2330.6%
Addyston2$58,750$3320.6%
Mack North7$383,000$2,4090.6%
Sharonville40$251,750$1,5830.6%
Springdale26$244,000$1,3970.6%
Elmwood Place4$109,750$6400.6%
Silverton21$269,000$1,7390.6%
Mount Healthy Heights5$187,000$1,2060.6%
Northbrook57$175,000$1,0950.6%
Newtown8$338,500$1,8120.5%
Norwood80$305,250$1,6360.5%

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