Dallas, Ohio Property Taxes
The median property tax rate in Dallas, Ohio is 2.65%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dallas at $39,915, the typical annual property tax bill reaches $1,052, exceeding the national median of $2,690. Property taxes in Dallas 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 Dallas'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 Dallas 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
Dallas, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$1,058
Ownwell’s Dallas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dallas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dallas 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 Dallas, Ohio
Property taxes in Dallas, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dallas is 1.56%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Dallas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dallas 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 Dallas's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45202 zip code has the highest median property tax rate of 1.65%, while the 43215 zip code has the lowest median tax rate of 1.45%. Understanding how these cities compare with Dallas provides valuable insights into the varying tax landscape across Montgomery, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dallas Tax Rate
2.65%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dallas, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75225 | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% |
| 75252 | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Dallas, Ohio
In Dallas, 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 local 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 Dallas, 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 Dallas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dallas is $1,458 in the 75252 zip code, while the lowest is $647 in the 75225 zip code.
Average Dallas Assessed Value
$39,915
Average Montgomery County Assessed Value
$98,910
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dallas, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75225 | $24,200 | $24,200 | $24,200 | $24,200 | $24,200 |
| 75252 | $55,630 | $55,630 | $55,630 | $55,630 | $55,630 |
Source: Ownwell
Property Tax Bills Across Dallas, Ohio
Property tax bills in Dallas, Montgomery County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Factors such as property size, location, and improvements influence this valuation. In Dallas, the median home price is $39,915. Homeowners in the 25th percentile pay around $850, while those in the 75th percentile face tax bills of approximately $1,255. The 90th percentile sees tax bills reaching up to $1,377. Comparatively, the highest median tax bill in the area is $1,458, found in the 75252 zip code, while the lowest is $647 in the 75225 zip code. These figures highlight the variability in tax bills based on property values and local tax rates. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances effectively.
Average Dallas Tax Bill
$1,052
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dallas, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75225 | $647 | $647 | $647 | $647 | $647 |
| 75252 | $1,458 | $1,458 | $1,458 | $1,458 | $1,458 |
Source: Ownwell