A study by the Tax Foundation shows that Ohio ranks ninth among states in the nation for “Property Taxes Paid as a Percentage of Owner-Occupied Housing Value” for 2023. Read the study here (click on table 33).
The top 10 and their rates as a percentage of Owner-Occupied Housing Value follow:
- New Jersey, 2.23%
- Illinois, 2.08%
- New Hampshire, 1.93%
- Vermont, 1.83%
- Connecticut, 1.79%
- Texas, 1.68%
- Nebraska, 1.63%
- Wisconsin, 1.61%
- Ohio, 1.59%
- Iowa, 1.52%
Many of our readers will note that their own residential property taxes range from 2.25% to 3.5%, and we believe the reason is that the urban areas of Ohio have greater-than-average property tax rates than many rural areas.
