Ohio Mortgage Calculator
Calculate your monthly payment in Ohio, with property tax included using the state's effective rate of 1.31%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Ohio: the numbers
Few states tax homes more heavily than Ohio does. Its effective property tax rate is 1.31%, a full 42% higher than the 0.92% national average, and it ranks 11th out of 50 when states are ordered from highest rate to lowest.
Looking at the median home in Ohio ($214,800), the median annual property tax is $2,822. Divided by twelve, that is about $235 each month.
| Effective property tax rate | 1.31% |
|---|---|
| Median home value | $214,800 |
| Median annual property tax | $2,822 |
| Rank by rate (1 = highest of 50) | 11 |
| Difference vs 0.92% national average | 0.39 points above (42% above) |
What this means for your monthly payment
Two worked examples for Ohio, using the figures above:
Example 1: the median home
$2,822 per year ÷ 12 = about $235 per month in property tax (median home value: $214,800).
Example 2: a $300,000 home
$300,000 × 1.31% ÷ 12 = about $328 per month, or $3,930 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Ohio it is about $3,930, which is $1,170 more per year (about $98 more per month).
Compare with similar states
States ranked just above and just below Ohio by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
Ranked just below (lower rate)
- Pennsylvania — 1.30% (rank 12)
- Kansas — 1.29% (rank 13)
- Michigan — 1.25% (rank 14)
- Rhode Island — 1.21% (rank 15)
- Alaska — 1.11% (rank 16)
Ohio property tax FAQ
What is the property tax rate in Ohio?
The effective property tax rate in Ohio is 1.31%. That is 42% above the 0.92% national average, and the state ranks 11th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Ohio?
At Ohio's effective rate of 1.31%, property tax on a $300,000 home works out to about $3,930 per year, or about $328 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Ohio is about $1,170 more per year.
How much is property tax on the median home in Ohio?
The median home value in Ohio is $214,800, and the median annual property tax is $2,822, which is about $235 per month.
Does the property tax rate vary inside Ohio?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 1.31% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.