Dupont, Ohio Property Taxes
The median property tax rate in Dupont, OH is 1.51%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Dupont at $52,830, the typical annual property tax bill reaches $796, well below the national median of $2,690. Property taxes in Dupont 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 Dupont'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 Dupont 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
Dupont, 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 Dupont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dupont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dupont 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 Dupont, Ohio
Property taxes in Dupont, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dupont is 1.51%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dupont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dupont 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 Dupont's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45837 zip code has the highest median property tax rate of 1.51%, while the 45837 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Dupont provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dupont Tax Rate
1.51%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dupont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45837 | 1.49% | 1.50% | 1.51% | 1.53% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Dupont, Ohio
In Dupont, 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 Putnam 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 Dupont, 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 Dupont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 45837, with a median tax bill of $796.
Average Dupont Assessed Value
$52,830
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dupont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45837 | $44,326 | $47,515 | $52,830 | $58,145 | $61,334 |
Source: Ownwell
Property Tax Bills Across Dupont, Ohio
In Dupont, located in Putnam County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Dupont, the median home price is $52,830, leading to a range of tax bills. For instance, the 25th percentile tax bill is $725, while the 75th percentile reaches $868, and the 90th percentile is $911. Compared to the national median property tax rate of 0.99%, Dupont's property tax rate results in relatively moderate tax bills. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they significantly influence their annual financial obligations and the overall affordability of their property.
Average Dupont Tax Bill
$796
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dupont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45837 | $682 | $725 | $796 | $868 | $911 |
Source: Ownwell