Dunkirk, Ohio Property Taxes
The median property tax rate in Dunkirk, OH is 1.49%, 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 Dunkirk at $68,155, the typical annual property tax bill amounts to $1,089, which is below the national median of $2,690. Property taxes in Dunkirk are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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 in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunkirk is 1.49%, significantly higher than 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 regions in Ohio and the national median. For comparison, the 45836 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these areas compare with Dunkirk 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 Dunkirk Tax Rate
1.49%
Average Hardin County Tax Rate
1.61%
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 | 0.89% | 1.27% | 1.49% | 1.67% | 1.94% |
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 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 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. 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. The highest median tax bill in Dunkirk is $1089, found in the 45836 zip code, while the lowest median tax bill is also $1089 in the same zip code.
Average Dunkirk Assessed Value
$68,155
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 Dunkirk, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45836 | $6,098 | $34,058 | $68,155 | $118,290 | $198,852 |
Source: Ownwell
Property Tax Bills Across Dunkirk, Ohio
In Dunkirk, property tax bills are calculated based on the assessed value of a home, which is determined by the Hardin County assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Dunkirk experience a range of property tax bills. For example, the 25th percentile tax bill is around $598, while the 75th percentile tax bill reaches $1,840. The top 10% of tax bills can be as high as $2,735. These tax bills are influenced by various factors, including the property's location, size, and any applicable exemptions. The median home price in Dunkirk is $68,155, and the local property tax rate can significantly impact homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Dunkirk's property tax bills reflect the local economic conditions and funding requirements for public services. Homeowners must consider these factors when budgeting for their annual property taxes.
Average Dunkirk Tax Bill
$1,089
Average Hardin County Tax Bill
$1,448
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 | $194 | $598 | $1,089 | $1,840 | $2,735 |
Source: Ownwell