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Ohio Property Tax Calculator

by | Aug 6, 2025 | Real Estate | 0 comments

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Step 1: Consult a trusted buyer agent

Tell us a little about your plan (where you want to buy and where you want to buy) and we will contact the highest buyer agent in your area. It only takes a few minutes and is free.

Is there a property tax exemption in Ohio?

In some states, homeowners can apply for tax exemption. This can reduce the overall tax burden for homeowners every year. In Ohio, under the exemption of the average homestead, eligible seniors and low-income individuals may be eligible for property taxes up to $25,000.

Veterans with disabilities, spouses of disabled persons, or first responders may also be likely to receive various property taxes.

When should Ohio property tax expire?

Ohio property tax dates vary by county. Therefore, buyers will need to contact the local municipality to determine when property taxes will be paid each year.

What does property tax pay in Ohio?

Ohio local property tax pays important local services, including:

  • Public schools
  • Police, Fire and EMS Services
  • Road, street and traffic signals
  • Parks, libraries and community centers
  • Municipal and county government actions
  • Infrastructure such as water, sewers and garbage services
  • Repay local bond projects (such as buses and school improvements)

Yes, you can buy it before you sell it. Why move twice?

Through our deals, Homelight can help you open up some of your equity to place it in your next home before you sell your plan. You can then make a strong offer at your next home No unexpected home sale incident.

How much does it cost to buy a home in Ohio?

How many houses can you afford?

Ohio’s affordability depends on your income, debt, credit score, and mortgage rate. In Buckeye’s median household income is about $67,769, buyers may use standard debt-to-income guidelines to afford a home in a $225,000 home. But, with Ohio’s median home prices approaching $313,733, many buyers need double income or additional savings to qualify.

Use Homelight’s Home Affordability Calculator to estimate your budget based on your income, debt and current interest rates.

What down payment do you need in Ohio?

According to visual capitalists, the average down payment for a home in Ohio is 12.3%. However, the down payment amount varies greatly depending on the type of loan and credit score. While 20% was once the expected standard, many buyers lowered the price of 5% to 15%, with 3% options available for FHA and some regular first-time buyer loans.

For a $313,733 home, your down payment is what you look like:

  • 3% drop = $9,412
  • 5% drop = $15,687
  • 10% drop = $31,373
  • 15% drop = $47,060
  • 20% drop = $62,747

Try Homelight’s down payment calculator to see how different down payments affect your monthly payments and loan size.

What is the closing cost in Ohio?

Buyers in Ohio can expect the purchase price of closing costs to be about 2% to 5%. These may include:

  • Loan origin and underwriting fees
  • Property insurance and custody fees
  • Evaluation and inspection costs
  • Prepaid property taxes and homeowner insurance
  • Submission and record fees

For a $313,733 home, this means an estimated closing cost of $6,275 to $15,687. Use Homelight’s turn off fee calculator to get personalized estimates based on your expected Ohio home purchase price.

How to find a trusted Ohio real estate agent

Experienced Ohio agents can help you understand local tax rates, school districts, and development trends and guide you towards communities that suit your lifestyle and budget.

Homelight’s free agent matching tool matches you with top Ohio agents based on reliable performance using data from over 27 million transactions and thousands of verified reviews. Tell us some information about your purchase plan and match it without an obligation today.

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