Dola, Ohio Property Taxes
The median property tax rate in DOLA, OH is 1.45%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $80,290 in DOLA, the typical annual property tax bill amounts to $1,227, falling below the national median of $2,690. Property taxes in DOLA are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DOLA'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 DOLA or another part of Hardin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dola, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,164
Ownwell’s DOLA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DOLA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DOLA 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 Dola, Ohio
Property taxes in DOLA, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in DOLA is 1.45%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within DOLA set these rates annually, and they can vary significantly across different neighborhoods. Each year, DOLA 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 DOLA's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45835 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with DOLA provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dola Tax Rate
1.45%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45835 | 0.85% | 1.19% | 1.45% | 1.64% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Dola, Ohio
In DOLA, 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 Hardin 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 DOLA, 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 DOLA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45835 has the highest median tax bill at $1,227, which contrasts with the national median property tax rate of 0.99%.
Average Dola Assessed Value
$80,290
Average Hardin County Assessed Value
$82,480
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45835 | $5,144 | $37,060 | $80,290 | $163,850 | $331,704 |
Source: Ownwell
Property Tax Bills Across Dola, Ohio
In DOLA, property tax bills are calculated based on the assessed value of a home, which is determined by the Hardin County assessor. This assessed value typically represents a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the final tax amount, including the property's location, size, and any applicable exemptions. Homeowners in DOLA experience a range of property tax bills. For instance, the 25th percentile tax bill is $515, while the 75th percentile reaches $2,340, and the 90th percentile can go up to $3,810. These variations highlight the impact of property characteristics and local tax rates. Compared to the national median property tax rate of 0.99%, DOLA's tax rates can significantly affect homeowners' finances, especially given the city's median home price of $80,290. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their budgets accordingly.
Average Dola Tax Bill
$1,227
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45835 | $138 | $515 | $1,227 | $2,340 | $3,810 |
Source: Ownwell