Delaware, Delaware County, Ohio Property Taxes
The median property tax rate in Delaware, OH is 1.66%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Delaware at $311,100, the typical annual property tax bill reaches $5,086, exceeding the national median of $2,690. Property taxes in Delaware 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 Delaware'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 Delaware 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
Delaware, Delaware County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$5,164
$4,792
Ownwell’s Delaware Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delaware with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delaware 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 Delaware, Delaware County, Ohio
Property taxes in Delaware, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delaware is 1.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Delaware set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delaware 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 Delaware's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43015 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Delaware provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delaware Tax Rate
1.66%
Average Delaware County Tax Rate
1.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaware, Delaware County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43015 | 1.29% | 1.66% | 1.66% | 1.81% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Delaware, Delaware County, Ohio
In Delaware, 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 Delaware County Auditor 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 Delaware, 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 Delaware helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43015 has both the highest and lowest median tax bill at $5,086.
Property Tax Assessment Values Across Delaware, Delaware County, Ohio
Source: Ownwell
$143,300
$533,700
$924,100
Average Delaware Assessed Value
$311,100
Average Delaware County Assessed Value
$406,400
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delaware, Delaware County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43015 | $145,300 | $223,500 | $311,100 | $435,550 | $583,700 |
Source: Ownwell
Property Tax Bills Across Delaware, Delaware County, Ohio
In Delaware, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $311,100, the assessed value is determined by local assessors who consider factors such as the property's location, size, and condition. The tax rate, or millage rate, is then applied to this assessed value to calculate the tax bill. Homeowners in Delaware can expect their property tax bills to vary significantly. For instance, at the 25th percentile, tax bills are around $3,560, while at the 75th percentile, they rise to $7,336. At the 90th percentile, homeowners might pay as much as $10,742. The highest median tax bill in the area is $5,086, which is notably above the national median property tax rate of 0.99%. These high property taxes can significantly impact homeowners, influencing decisions on purchasing, selling, or investing in property improvements.
Average Delaware Tax Bill
$5,086
Average Delaware County Tax Bill
$7,016
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaware, Delaware County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43015 | $2,250 | $3,560 | $5,086 | $7,336 | $10,742 |
Source: Ownwell