Dexter City, Ohio Property Taxes
The median property tax rate in Dexter City, OH is 1.95%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Dexter City at $46,285, the typical annual property tax bill reaches $905, which is still below the national median of $2,690. Property taxes in Dexter City 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 Dexter City'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 Dexter City 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
Dexter City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$903
$838
Ownwell’s Dexter City Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Dexter City using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter City to project your property tax bill. This valuable tool provides a clear understanding of your potential tax liabilities. For those interested in more granular insights, localized information is available further down the page. Your property’s assessed value is determined by the county for property tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Dexter City, Ohio
Property taxes in Dexter City, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter City is 1.95%, significantly higher than both the Ohio state median of 1.52% and the U.S. national median of 0.99%. Local government entities within Dexter City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter City 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 Dexter City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45727 zip code has both the highest and lowest median property tax rate of 1.95%. Understanding how these areas compare with Dexter City provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dexter City Tax Rate
1.95%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dexter City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45727 | 1.93% | 1.93% | 1.95% | 1.95% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Dexter City, Ohio
In Dexter City, 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 Noble 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 Dexter City, 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 Dexter City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dexter City is $46,285, with the highest median tax bill recorded at $905 in zip code 45727.
Average Dexter City Assessed Value
$46,285
Average Noble County Assessed Value
$69,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dexter City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45727 | $13,668 | $25,755 | $46,285 | $79,638 | $116,069 |
Source: Ownwell
Property Tax Bills Across Dexter City, Ohio
In Dexter City, Noble County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to arrive at the annual tax bill. Various factors such as property size, location, and improvements can influence the assessed value. For homeowners in Dexter City, the median home price is $46,285. Property tax bills can vary significantly, with the 25th percentile tax bill at $502, and the 75th percentile reaching $1,587. The 90th percentile tax bill can go as high as $2,302. Compared to the national median property tax rate of 0.99%, the property tax situation in Dexter City can be considered moderate, with the highest median tax bill in the area being $905 in the 45727 zip code. These tax obligations are crucial for homeowners to consider as they impact the overall cost of owning property in Dexter City.
Average Dexter City Tax Bill
$905
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dexter City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45727 | $266 | $502 | $905 | $1,587 | $2,302 |
Source: Ownwell