Dublin, Ohio Property Taxes
The median property tax rate in Dublin, OH is 2.45%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dublin at $303,800, the typical annual property tax bill reaches $7,294, exceeding the national median of $2,690. Property taxes in Dublin are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dublin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dublin or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dublin, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$7,443
Ownwell’s Dublin Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dublin with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dublin to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the amount assigned by Franklin County for property tax purposes, which takes into account any applicable exemptions.
Property Tax Rates Across Dublin, Ohio
Property taxes in Dublin, Ohio, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Dublin is 2.45%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dublin estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dublin's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43017 zip code has the highest median property tax rate of 2.45%, while the 43016 zip code has the lowest median tax rate of 2.35%. Understanding how these areas compare with Dublin provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dublin Tax Rate
2.45%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dublin, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43016 | 1.96% | 2.14% | 2.35% | 2.45% | 2.51% |
| 43017 | 2.25% | 2.30% | 2.45% | 2.45% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Dublin, Ohio
In Dublin, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Franklin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Dublin, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Dublin's median home price is $303,800, with tax bills ranging significantly. The highest median tax bill is $8,170 in the 43017 zip code, while the lowest is $6,466 in the 43016 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dublin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dublin Assessed Value
$303,800
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dublin, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43016 | $150,100 | $205,750 | $282,700 | $374,700 | $512,540 |
| 43017 | $150,750 | $217,225 | $333,900 | $421,350 | $536,450 |
Source: Ownwell
Property Tax Bills Across Dublin, Ohio
In Dublin, located in Franklin County, OH, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by local authorities. For instance, the median home price in Dublin is $303,800. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value. Homeowners in Dublin experience tax bills ranging significantly based on their property's assessed value. The 25th percentile tax bill is approximately $4,725, while the 75th percentile tax bill can be as high as $9,822, and the 90th percentile reaches $12,931. The highest median tax bill in Dublin is found in zip code 43017, amounting to $8,170, while the lowest is in zip code 43016 at $6,466. Compared to the national median property tax rate of 0.99%, Dublin's property taxes reflect the area's property values and local government funding needs, impacting homeowners' annual expenses.
Average Dublin Tax Bill
$7,294
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dublin, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43016 | $3,009 | $4,465 | $6,466 | $9,169 | $12,472 |
| 43017 | $3,541 | $5,016 | $8,170 | $10,365 | $13,401 |
Source: Ownwell