Dunkirk, Ohio Property Taxes
The median property tax rate in Dunkirk, OH is 1.32%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dunkirk at $255,310, the typical annual property tax bill reaches $3,008, exceeding the national median of $2,690. Property taxes in Dunkirk are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dunkirk'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 Dunkirk 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
Dunkirk, 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 Dunkirk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunkirk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunkirk 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 Dunkirk, Ohio
Property taxes in Dunkirk, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunkirk is 1.32%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dunkirk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunkirk 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 Dunkirk's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45836 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Dunkirk provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunkirk Tax Rate
1.32%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunkirk, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45836 | 1.13% | 1.20% | 1.32% | 1.32% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Dunkirk, Ohio
In Dunkirk, 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 Hancock 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 Dunkirk, 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. The median home price in Dunkirk is $255,310, with tax bills ranging from $2,763 at the 25th percentile to $6,946 at the 90th percentile. The zip code with the highest median tax bill is 45836, with a median bill of $3,008. 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 Dunkirk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunkirk Assessed Value
$255,310
Average Hancock County Assessed Value
$151,760
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunkirk, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45836 | $189,414 | $246,900 | $255,310 | $315,485 | $520,988 |
Source: Ownwell
Property Tax Bills Across Dunkirk, Ohio
In Dunkirk, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the home's market value. In Hancock County, the median home price stands at $255,310. The property tax rate then applies to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates, property characteristics, and any applicable exemptions. Homeowners in Dunkirk can see a wide range of tax bills; the 25th percentile tax bill is $2,763, while the 75th percentile tax bill is $4,217, and at the 90th percentile, it can reach up to $6,946. These variations reflect differences in property values and specific local tax rates. For homeowners, understanding these factors is crucial as property taxes significantly impact annual housing costs. Comparing Dunkirk's median tax bill to the national median property tax rate of 0.99% provides context for evaluating local tax burdens.
Average Dunkirk Tax Bill
$3,008
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunkirk, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45836 | $2,149 | $2,763 | $3,008 | $4,217 | $6,946 |
Source: Ownwell