Dayton, Greene County, Ohio Property Taxes
The median property tax rate in Dayton, OH is 2.35%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Dayton at $235,430, the typical annual property tax bill reaches $5,428, exceeding the national median of $2,690. Property taxes in Dayton 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 Dayton'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 Dayton 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
Dayton, Greene County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$5,533
$5,134
Ownwell’s Dayton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayton 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 Dayton, Greene County, Ohio
Property taxes in Dayton, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayton is 2.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayton 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 Dayton's effective property tax rate to other areas in Greene County and the national median. For comparison, the 45432 zip code has the highest median property tax rate of 2.54%, while the 45417 zip code has the lowest median tax rate of 1.79%. Understanding how these areas compare with Dayton provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayton Tax Rate
2.35%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayton, Greene County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45417 | N/A | N/A | N/A | N/A | N/A |
| 45424 | 1.54% | 1.78% | 2.00% | 2.05% | 2.05% |
| 45429 | N/A | N/A | N/A | N/A | N/A |
| 45430 | 2.14% | 2.31% | 2.54% | 2.59% | 2.59% |
| 45431 | 2.12% | 2.48% | 2.54% | 2.59% | 2.60% |
| 45432 | 2.17% | 2.54% | 2.54% | 2.59% | 2.59% |
| 45434 | 2.13% | 2.27% | 2.32% | 2.54% | 2.59% |
| 45440 | 1.76% | 2.19% | 2.35% | 2.40% | 2.49% |
| 45458 | 2.09% | 2.35% | 2.35% | 2.40% | 2.40% |
| 45459 | 2.05% | 2.41% | 2.44% | 2.48% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, Greene County, Ohio
In Dayton, 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 Greene 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 Dayton, 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. The highest median tax bill is $8,988 in the 45429 zip code, while the lowest median tax bill is $2,947 in the 45424 zip code. 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 Dayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dayton, Greene County, Ohio
Source: Ownwell
$56,645
$177,018
$297,390
Average Dayton Assessed Value
$235,430
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dayton, Greene County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45417 | N/A | N/A | N/A | N/A | N/A |
| 45424 | $90,690 | $124,505 | $153,370 | $210,480 | $262,870 |
| 45429 | N/A | N/A | N/A | N/A | N/A |
| 45430 | $144,960 | $160,532 | $198,755 | $249,242 | $280,182 |
| 45431 | $99,616 | $141,890 | $185,350 | $237,750 | $296,104 |
| 45432 | $93,792 | $125,550 | $172,590 | $207,990 | $238,132 |
| 45434 | $167,290 | $222,115 | $268,160 | $325,510 | $378,020 |
| 45440 | $176,570 | $218,730 | $291,440 | $384,710 | $474,660 |
| 45458 | $127,152 | $136,370 | $222,120 | $282,418 | $339,009 |
| 45459 | $144,996 | $151,202 | $188,575 | $213,982 | $280,176 |
Source: Ownwell
Property Tax Bills Across Dayton, Greene County, Ohio
In Dayton, property tax bills are calculated based on the assessed value of your home, which differs from the market value. The assessed value is determined by the county assessor and represents a percentage of the market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. In Greene County, where Dayton is located, the median home price is $235,430, and the property tax rate is a crucial factor in determining the tax burden on homeowners. Factors such as property size, location, and improvements can influence the assessed value. The tax bill can vary significantly within the area, with the 25th percentile tax bill at $3,744 and the 75th percentile reaching $7,331. In some zip codes like 45429, the median tax bill can go as high as $8,988, while in others like 45424, it can be as low as $2,947. These variations can significantly affect homeowners, making it essential to understand how property taxes are calculated and what factors influence the final bill.
Average Dayton Tax Bill
$5,428
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayton, Greene County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45417 | N/A | N/A | N/A | N/A | N/A |
| 45424 | $1,428 | $2,076 | $2,947 | $3,992 | $5,025 |
| 45429 | N/A | N/A | N/A | N/A | N/A |
| 45430 | $3,214 | $3,984 | $4,980 | $6,249 | $7,119 |
| 45431 | $1,866 | $3,334 | $4,457 | $5,937 | $7,504 |
| 45432 | $2,560 | $3,133 | $4,171 | $5,254 | $6,079 |
| 45434 | $3,894 | $5,055 | $6,108 | $7,786 | $8,835 |
| 45440 | $3,345 | $4,872 | $6,424 | $8,703 | $10,958 |
| 45458 | $2,943 | $3,152 | $4,991 | $6,396 | $7,875 |
| 45459 | $3,344 | $3,670 | $4,467 | $5,210 | $6,404 |
Source: Ownwell