Dayton, Ohio Property Taxes
The median property tax rate in Dayton, OH is 2.62%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dayton, the typical annual property tax bill reaches $2,201, somewhat below 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, 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 Dayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner 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, Ohio
Property taxes in Dayton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayton is 2.62%, 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 counties in Ohio and the national median. For comparison, the 45427 zip code has the highest median property tax rate of 3.27%, while the 45435 zip code has the lowest median tax rate of 1.90%. Understanding how these cities compare with Dayton provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayton Tax Rate
2.62%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45402 | 1.42% | 2.60% | 2.71% | 3.11% | 6.13% |
| 45403 | 1.51% | 2.55% | 2.62% | 2.68% | 2.84% |
| 45404 | 1.26% | 2.25% | 2.56% | 2.75% | 2.97% |
| 45405 | 2.02% | 2.58% | 2.69% | 3.50% | 3.83% |
| 45406 | 1.38% | 2.54% | 2.62% | 2.72% | 3.63% |
| 45407 | 2.61% | 2.64% | 2.69% | 3.16% | 3.44% |
| 45408 | 1.42% | 2.61% | 2.75% | 2.79% | 2.98% |
| 45409 | 2.03% | 2.60% | 2.75% | 2.79% | 2.88% |
| 45410 | 1.81% | 2.54% | 2.59% | 2.63% | 2.71% |
| 45412 | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
| 45413 | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% |
| 45414 | 2.04% | 2.53% | 2.73% | 3.72% | 3.90% |
| 45415 | 2.19% | 2.64% | 2.67% | 3.44% | 3.52% |
| 45416 | 1.56% | 2.86% | 2.98% | 3.65% | 3.98% |
| 45417 | 1.13% | 2.57% | 2.70% | 3.10% | 4.55% |
| 45418 | 1.69% | 2.60% | 2.71% | 2.85% | 3.58% |
| 45419 | 2.06% | 2.53% | 2.74% | 2.78% | 2.83% |
| 45420 | 1.82% | 2.54% | 2.61% | 2.77% | 2.83% |
| 45422 | 2.63% | 2.68% | 2.77% | 2.87% | 2.92% |
| 45424 | 1.80% | 2.27% | 2.29% | 2.35% | 2.46% |
| 45426 | 1.92% | 2.67% | 2.93% | 3.00% | 3.15% |
| 45427 | 2.41% | 2.72% | 3.27% | 3.46% | 4.54% |
| 45429 | 2.16% | 2.54% | 2.74% | 2.78% | 2.82% |
| 45431 | 1.55% | 2.21% | 2.26% | 2.32% | 2.41% |
| 45432 | 1.70% | 2.39% | 2.50% | 2.54% | 2.61% |
| 45435 | 1.35% | 1.55% | 1.90% | 2.24% | 2.45% |
| 45439 | 1.98% | 2.43% | 2.87% | 3.21% | 3.26% |
| 45440 | 2.07% | 2.41% | 2.74% | 2.74% | 2.80% |
| 45449 | 2.02% | 2.68% | 2.75% | 2.95% | 3.11% |
| 45458 | 2.37% | 2.56% | 2.72% | 2.74% | 2.78% |
| 45459 | 2.24% | 2.56% | 2.58% | 2.73% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, 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 Montgomery 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 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. 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. The highest median tax bill in Dayton is $6,300 in the 45458 zip code, while the lowest median tax bill is $140 in the 45427 zip code.
Average Dayton Assessed Value
$87,660
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 Dayton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45402 | $15,278 | $23,830 | $32,320 | $50,910 | $119,980 |
| 45403 | $18,600 | $28,690 | $44,070 | $58,255 | $73,320 |
| 45404 | $21,400 | $30,332 | $40,110 | $55,085 | $79,316 |
| 45405 | $18,990 | $29,320 | $38,345 | $51,788 | $83,118 |
| 45406 | $25,200 | $34,220 | $44,930 | $60,370 | $77,090 |
| 45407 | $12,120 | $21,585 | $37,360 | $42,325 | $45,304 |
| 45408 | $2,610 | $5,330 | $15,990 | $40,410 | $43,040 |
| 45409 | $64,332 | $83,120 | $119,840 | $168,670 | $236,678 |
| 45410 | $31,266 | $50,875 | $65,100 | $77,080 | $94,996 |
| 45412 | $29,780 | $29,780 | $29,780 | $29,780 | $29,780 |
| 45413 | $105,590 | $105,590 | $105,590 | $105,590 | $105,590 |
| 45414 | $28,710 | $42,870 | $86,060 | $151,310 | $225,629 |
| 45415 | $60,985 | $85,900 | $114,965 | $142,758 | $176,954 |
| 45416 | $29,200 | $33,080 | $37,550 | $58,450 | $77,280 |
| 45417 | $13,620 | $21,290 | $30,400 | $44,442 | $71,307 |
| 45418 | $19,546 | $24,400 | $59,340 | $105,180 | $137,720 |
| 45419 | $75,855 | $99,090 | $116,775 | $139,062 | $201,774 |
| 45420 | $58,850 | $69,170 | $81,070 | $100,180 | $130,800 |
| 45422 | $93,434 | $99,335 | $109,170 | $119,005 | $124,906 |
| 45424 | $79,240 | $92,332 | $115,430 | $151,985 | $192,752 |
| 45426 | $40,310 | $56,070 | $75,170 | $92,905 | $115,736 |
| 45427 | $1,844 | $2,650 | $4,930 | $22,470 | $41,572 |
| 45429 | $98,740 | $120,662 | $154,780 | $203,398 | $282,890 |
| 45431 | $42,602 | $65,060 | $77,260 | $90,795 | $131,620 |
| 45432 | $63,992 | $70,470 | $78,100 | $90,635 | $119,286 |
| 45435 | $85,469 | $92,592 | $104,465 | $116,338 | $123,461 |
| 45439 | $32,442 | $79,545 | $86,050 | $104,740 | $140,244 |
| 45440 | $83,734 | $147,242 | $175,185 | $193,752 | $216,031 |
| 45449 | $48,320 | $71,540 | $102,340 | $134,820 | $154,180 |
| 45458 | $92,336 | $167,128 | $238,950 | $321,778 | $427,753 |
| 45459 | $82,428 | $146,810 | $204,010 | $252,125 | $317,530 |
Source: Ownwell
Property Tax Bills Across Dayton, Ohio
In Dayton, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Montgomery County can expect their property tax bills to vary significantly depending on several factors, including the location and market value of their property. For example, properties in the 45458 zip code have the highest median tax bill at $6,300, while those in the 45427 zip code have the lowest at $140. The median home price in Dayton is $87,660, and tax bills can range widely, from the 25th percentile at $1,273 to the 90th percentile at $5,841. This variability influences homeowners' budgets and financial planning. Montgomery County's property tax rate is influenced by local levies and school district funding needs, which are crucial for maintaining community services and infrastructure. Compared to the national median property tax rate of 0.99%, Dayton's property tax bills can be relatively high, impacting the overall cost of homeownership.
Average Dayton Tax Bill
$2,201
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45402 | $352 | $672 | $1,013 | $1,731 | $3,332 |
| 45403 | $452 | $719 | $1,084 | $1,479 | $1,894 |
| 45404 | $393 | $722 | $1,000 | $1,343 | $1,917 |
| 45405 | $503 | $774 | $1,073 | $1,640 | $2,597 |
| 45406 | $533 | $867 | $1,161 | $1,561 | $2,061 |
| 45407 | $375 | $711 | $1,272 | $1,313 | $1,338 |
| 45408 | $68 | $119 | $407 | $1,149 | $1,245 |
| 45409 | $1,543 | $2,104 | $3,124 | $4,336 | $6,228 |
| 45410 | $769 | $1,200 | $1,619 | $1,959 | $2,410 |
| 45412 | $830 | $830 | $830 | $830 | $830 |
| 45413 | $2,972 | $2,972 | $2,972 | $2,972 | $2,972 |
| 45414 | $859 | $1,451 | $2,445 | $4,078 | $5,846 |
| 45415 | $1,639 | $2,457 | $3,230 | $3,989 | $4,878 |
| 45416 | $582 | $991 | $1,272 | $1,664 | $2,248 |
| 45417 | $260 | $562 | $859 | $1,297 | $1,995 |
| 45418 | $398 | $781 | $1,621 | $2,818 | $3,383 |
| 45419 | $1,855 | $2,477 | $3,028 | $3,640 | $5,221 |
| 45420 | $1,329 | $1,669 | $2,089 | $2,601 | $3,486 |
| 45422 | $2,715 | $2,819 | $2,993 | $3,167 | $3,271 |
| 45424 | $1,543 | $2,040 | $2,540 | $3,439 | $4,473 |
| 45426 | $1,014 | $1,499 | $2,027 | $2,655 | $3,356 |
| 45427 | $58 | $73 | $140 | $407 | $1,016 |
| 45429 | $2,330 | $3,092 | $4,049 | $5,316 | $7,381 |
| 45431 | $871 | $1,303 | $1,686 | $2,017 | $2,765 |
| 45432 | $1,240 | $1,632 | $1,898 | $2,198 | $2,832 |
| 45435 | $1,605 | $1,686 | $1,821 | $1,956 | $2,037 |
| 45439 | $1,184 | $2,083 | $2,654 | $3,019 | $3,924 |
| 45440 | $1,525 | $3,103 | $4,456 | $5,150 | $5,786 |
| 45449 | $1,202 | $1,849 | $2,630 | $3,700 | $4,436 |
| 45458 | $2,435 | $4,222 | $6,300 | $8,691 | $11,634 |
| 45459 | $1,964 | $3,703 | $5,205 | $6,600 | $8,395 |
Source: Ownwell