Dundee, Ohio Property Taxes
The median property tax rate in Dundee, OH is 1.98%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dundee, the typical annual property tax bill reaches $4,384, exceeding the national median of $2,690. Property taxes in Dundee 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 Dundee'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 Dundee or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dundee, 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 Dundee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dundee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundee 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 Dundee, Ohio
Property taxes in Dundee, Ohio, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Dundee is 1.98%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dundee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundee 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 Dundee's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44624 has the highest median property tax rate of 1.98%, while the same zip code 44624 also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Dundee provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dundee Tax Rate
1.98%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dundee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44624 | 0.46% | 0.98% | 1.98% | 2.00% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Dundee, Ohio
In Dundee, 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 Wayne 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 Dundee, 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 Dundee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dundee stands at $287,620. The highest median tax bill in the area is $4,384 in zip code 44624, while the lowest is also $4,384 in the same zip code.
Average Dundee Assessed Value
$287,620
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dundee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44624 | $134,742 | $214,312 | $287,620 | $404,608 | $850,799 |
Source: Ownwell
Property Tax Bills Across Dundee, Ohio
In Dundee, Ohio, property tax bills are calculated based on the assessed value of a property, which is determined by the Wayne County Assessor's Office. The assessed value is a percentage of the property's market value. Local tax rates, which are set by various taxing authorities such as school districts and municipalities, are then applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including changes in the market value of the property, local government budgets, and voter-approved levies. For homeowners in Dundee, the median property tax bill is significantly higher than the national median property tax rate of 0.99%. The median home price in Dundee is $287,620, leading to a tax bill that typically ranges from $3,303 at the 25th percentile to $7,311 at the 90th percentile. This higher tax burden can impact homeowners by increasing their annual expenses, making it crucial for them to stay informed about potential exemptions and appeal opportunities to manage their tax liabilities effectively.
Average Dundee Tax Bill
$4,384
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dundee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44624 | $2,371 | $3,303 | $4,384 | $6,056 | $7,311 |
Source: Ownwell