The financial status of the City of Union is good in comparison to other communities in the general area and in the state. Based on the last census (2000), the average household income was $50,471 -- $9,515 above the state average of $40,956.
The property tax millage is 113.85 mills per $1,000 of valuation, with the effective tax rate being 77.75 mills per $1,000 of valuation. The total property valuation in 2009 was $106,434,080, including exempt property. To see a chart of actual property tax rates, go here.
Union's property taxes are collected by the Montgomery County Treasurer.
Sample Property Tax Liability
Let's say the market value of a home is $100,000. The assessed valuation is determined by multiplying $100,000 by 35 percent: $100,000 x 0.35 = $35,000
To determine this property's tax liability, multiply the home's assessed valuation by the effective property tax rate, which is 77.75 mills (0.07775): $35,000 x 0.0775 = $2,712.50
Based on a $100,000 home value, this sample home's property tax breakdown is:
| ACTUAL RESIDENTIAL PROPERTY TAX RATES | tax rate | effective tax rate |
| City of Union | 18.53 | 16.31 |
| Northmont City Schools | 70.05 | 37.94 |
| Montgomery County | 17.74 | 16.50 |
| Sinclair Community College | 3.20 | 3.20 |
| Montgomery County CTC | 2.58 | 2.05 |
| Mont. County Public Library | 1.75 | 1.75 |
| Total mills | 113.85 mills | 77.75 mills |
| Total Property Value: | $106,434,080 | |
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