Property Taxes in Ohio
Ohio's effective property tax rate is 1.31%, ranking #43 out of 50 states (1 = lowest). The median annual property tax paid is $2,447.
Ohio's property tax rates are above the national average, with effective rates varying significantly between counties and school districts. Ohio uses a unique reduction factor that limits the revenue a tax levy can generate, which creates a complex relationship between millage rates and actual tax bills. The homestead exemption is available to homeowners 65+ or permanently disabled (regardless of income) and provides a significant reduction in the assessed value used for taxation. Ohio reassesses property values every six years with an update at the three-year mark.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
1.31%
Median Annual Tax
$2,447
National Rank
#43 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $2,620 | $218 |
| $300,000 | $3,930 | $328 |
| $400,000 | $5,240 | $437 |
| $500,000 | $6,550 | $546 |
| $750,000 | $9,825 | $819 |
* Based on the average effective rate of 1.31%. Actual rates vary by county and municipality.
Homestead Exemption in Ohio
Up to $145,425
File for the homestead exemption after purchasing your primary residence in Ohio to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
