Ohio variant. This is a Ohio-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Ohio's effective property tax rate of 1.59% means the owner of a median $220,000 home pays roughly $3,498 per year - a figure that varies widely by state.
How Ohio property tax is calculated
Property tax = assessed value × local millage rate. The 1.59% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $220,000 Ohio median home, that works out to about $3,498/year or $292/month - often escrowed into your mortgage payment.
About taxes and housing in Ohio
Ohio levies a graduated income tax with a top marginal rate in the mid-3% range, and many municipalities add local income taxes.
Ohio's effective property tax rate is relatively high near 1.6%, while median home values remain affordable around $220,000.
Ohio's economy is diversified across manufacturing, healthcare, finance, and logistics, with major metros in Columbus, Cleveland, and Cincinnati.
Worked example: tax on a $220,000 home
$220,000 × 1.59% = $3,498 per year. A $500,000 home in Ohio would owe about $7,950 annually at the same effective rate.
Quick reference
- State income tax: 2.75-3.5% across 2 brackets
- State sales tax: 5.75% (plus 1.49% avg local)
- Median home value: $220,000
- Median household income: $67,769
- Effective property tax rate: 1.59%
- Avg auto insurance: $1,023/yr
Frequently Asked Questions
What is the property tax rate in Ohio?
Ohio's effective property tax rate averages 1.59% of market value per year.
How much property tax on a $220,000 home in Ohio?
About $3,498 per year at the 1.59% effective rate.