Dillonvale, Ohio Property Taxes
The median property tax rate in Dillonvale, OH is 1.33%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dillonvale at $105,420, the typical annual property tax bill reaches $1,325, falling below the national median of $2,690. Property taxes in Dillonvale 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 Dillonvale'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 Dillonvale 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
Dillonvale, 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 Dillonvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dillonvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dillonvale 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 Dillonvale, Ohio
Property taxes in Dillonvale, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dillonvale is 1.33%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dillonvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dillonvale 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 Dillonvale's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43917 zip code has both the highest and lowest median property tax rate of 1.33%. Understanding how these cities compare with Dillonvale provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dillonvale Tax Rate
1.33%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dillonvale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43917 | 1.03% | 1.33% | 1.33% | 1.36% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Dillonvale, Ohio
In Dillonvale, 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 Belmont 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 Dillonvale, 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 Dillonvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dillonvale are both $1,325, found in zip code 43917.
Average Dillonvale Assessed Value
$105,420
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dillonvale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43917 | $12,990 | $52,420 | $105,420 | $160,260 | $218,780 |
Source: Ownwell
Property Tax Bills Across Dillonvale, Ohio
In Dillonvale, property tax bills are calculated based on the assessed value of a home, which is determined by the Belmont County Assessor's Office. The assessed value is a percentage of the market value, and this figure is then multiplied by the local property tax rate to determine the annual tax bill. For Dillonvale, the median home price is $105,420, and the property tax rate is applied to this value to calculate the tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Dillonvale experience a range of tax bills, with the 25th percentile at $692 and the 75th percentile reaching $2,015. At the 90th percentile, taxes can go up to $2,910, reflecting the variability in home values and property characteristics within the area. Compared to the national median property tax rate of 0.99%, Dillonvale's tax bills can be seen as moderate, significantly impacting homeowners' annual financial planning and housing costs.
Average Dillonvale Tax Bill
$1,325
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dillonvale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43917 | $144 | $692 | $1,325 | $2,015 | $2,910 |
Source: Ownwell