Ohio property taxes significantly impact businesses and renters across the state, affecting the cost of running a business, rent rates, and local economies. The effective property tax rate in Ohio is around 1.31% of a home's value, making Ohio eighth in the property tax burden. Greene County, Ohio, has the highest median property tax bills, often around $4,000 annually depending on property value. The cost of property taxes rarely stays with the person who receives the bill, but businesses often feel the impact first. The Buckeye Institute has highlighted how Ohio's complex local government structure contributes to higher tax burdens, contributing to property tax increases. Property taxes are also a primary source of funding for schools, public safety, and infrastructure.