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Warren-Clinton News

Saturday, October 19, 2024

Analysis: Warren County effective property tax rate outpaced the national average in Q1 2022

Realestate2

Property owners in Warren County paid 1.3% of the value of their homes in property taxes in the first quarter of 2022, which is more than 1.2 times the national average, according to the real estate analysis posted by the Warren-Clinton News.

The median sales price of a Warren County home in the first quarter of 2022 was $255,000, based on data from the 766 properties sold during that time. In 2018 the median tax bill for the county was $3,276, which is 1.3% of the median value of the homes that were taxed.

This is 1.2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Warren County real estate data showed homeowners in Corwin, Five Points, and Waynesville paid the highest rates.

The following table compares Corwin with some other cities belonging to Warren County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Corwin2$37,500$3,3689%
Five Points11$285,000$4,7811.7%
Waynesville24$231,500$3,9681.7%
Mason109$271,000$4,2981.6%
Lebanon114$255,000$3,7211.5%
Landen52$279,500$4,2741.5%
Clarksville5$185,000$2,7781.5%
Pleasant Plain7$192,000$2,6191.4%
Carlisle18$140,000$1,9061.4%
Morrow44$283,500$4,0781.4%
Deerfield Township62$369,250$5,1571.4%
Maineville4$239,450$3,1341.3%
Loveland Park6$197,600$2,6191.3%
Franklin105$160,000$2,1361.3%
South Lebanon14$163,750$1,9471.2%
Springboro59$310,000$3,5571.1%
Hunter6$209,950$2,2561.1%
Blanchester5$340,000$3,3991%
Harveysburg2$184,950$1,2810.7%

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