Dublin, Ohio Property Taxes
The median property tax rate in Dublin, OH is 1.52%, significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $288,700 in Dublin, the typical annual property tax bill reaches $4,374, surpassing the national median of $2,690. Property taxes in Dublin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dublin'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 Dublin 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
Dublin, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$4,388
$4,072
Ownwell’s Dublin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dublin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dublin 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 Dublin, Ohio
Property taxes in Dublin, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dublin is 1.52%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Dublin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dublin 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 Dublin's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43017 zip code has the highest median property tax rate of 1.52%, while the 43017 zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Dublin provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dublin Tax Rate
1.52%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dublin, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43017 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Dublin, Ohio
In Dublin, 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 Summit 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. 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 Dublin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dublin is $288,700, with the highest and lowest median tax bill both at $4,374 in the 43017 zip code.
Average Dublin Assessed Value
$288,700
Average Summit County Assessed Value
$168,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dublin, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43017 | $288,700 | $288,700 | $288,700 | $288,700 | $288,700 |
Source: Ownwell
Property Tax Bills Across Dublin, Ohio
In Dublin, located in Summit County, OH, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Dublin, the median home price is $288,700. The property tax rate in Summit County is higher than the national median property tax rate of 0.99%. As a result, the median tax bill for homeowners in Dublin is $4,374. This tax bill can significantly impact homeowners, affecting their annual expenses and potentially influencing their decision to buy or sell property in the area. Understanding how these factors interplay is crucial for homeowners looking to manage their financial obligations effectively.
Average Dublin Tax Bill
$4,374
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dublin, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43017 | $4,374 | $4,374 | $4,374 | $4,374 | $4,374 |
Source: Ownwell