Dennison, Ohio Property Taxes
The median property tax rate in Dennison, OH is 1.43%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $74,110 in Dennison, the typical annual property tax bill amounts to $1,052, falling below the national median of $2,690. Property taxes in Dennison are determined based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Dennison'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 Dennison or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dennison, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,060
$983
Ownwell’s Dennison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dennison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dennison 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 Dennison, Ohio
Property taxes in Dennison, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennison is 1.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dennison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dennison 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 Dennison's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44621 has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Dennison provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dennison Tax Rate
1.43%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dennison, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44621 | 0.92% | 1.29% | 1.43% | 1.45% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Dennison, Ohio
In Dennison, 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 Harrison 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 Dennison, 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. The median home price in Dennison is $74,110, with tax bills ranging from $578 at the 25th percentile to $2,183 at the 90th percentile. The highest and lowest median tax bills both occur in zip code 44621, valued at $1,052. Being aware of these valuation processes in Dennison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dennison Assessed Value
$74,110
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dennison, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44621 | $18,690 | $42,400 | $74,110 | $106,600 | $167,304 |
Source: Ownwell
Property Tax Bills Across Dennison, Ohio
Property tax bills in Dennison, located in Harrison County, OH, are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. For instance, a median home price in Dennison is $74,110. Property taxes are then levied based on this assessed value using the local tax rate. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Dennison can see a range of tax bills, with the 25th percentile at $578, the 75th percentile at $1,525, and the 90th percentile reaching up to $2,183. These figures illustrate the variation in tax burdens across different properties and highlight the importance of accurate assessments and applicable exemptions. Compared to the national median property tax rate of 0.99%, Dennison's property tax rates reflect the local economic conditions and funding requirements for public services, impacting homeowners' annual financial obligations.
Average Dennison Tax Bill
$1,052
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dennison, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44621 | $231 | $578 | $1,052 | $1,525 | $2,183 |
Source: Ownwell