Dover, Ohio Property Taxes
The median property tax rate in Dover, OH is 1.59%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Dover at $88,700, the typical annual property tax bill amounts to $1,408, surpassing the national median of $2,690. Property taxes in Dover are calculated based on the tax assessed value, which is often below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Dover'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 Dover or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dover, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dover, Ohio
Property taxes in Dover, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dover is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dover set these rates annually, and they can vary across different neighborhoods. Each year, Dover 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 Dover's effective property tax rate to the national median. For comparison, the zip code 44622 has the highest and lowest median property tax rate of 1.59%. Understanding how these figures compare with Dover provides valuable insights into the varying tax landscape across Mahoning County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dover Tax Rate
1.59%
Average Mahoning County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dover, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44622 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Dover, Ohio
In Dover, 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 Mahoning 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 Dover, 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. 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 Dover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dover is $1,408 in the 44622 zip code, which also has the lowest median tax bill at the same value.
Average Dover Assessed Value
$88,700
Average Mahoning County Assessed Value
$80,890
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dover, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44622 | $88,700 | $88,700 | $88,700 | $88,700 | $88,700 |
Source: Ownwell
Property Tax Bills Across Dover, Ohio
In Dover, located in Mahoning County, OH, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. For example, the median home price in Dover is $88,700. The property tax rate in Dover is applied to this assessed value to determine the annual tax bill. The tax rate in Dover is higher than the national median property tax rate of 0.99%. Homeowners in Dover can expect a median tax bill of $1,408, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniform tax bill suggests a standardized approach to property tax assessments in the area. For homeowners, this means predictable annual expenses, but it also reflects a significant portion of homeownership costs. Understanding these factors can help homeowners budget more effectively and plan for their financial future.
Average Dover Tax Bill
$1,408
Average Mahoning County Tax Bill
$1,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44622 | $1,408 | $1,408 | $1,408 | $1,408 | $1,408 |
Source: Ownwell