Dennison, Ohio Property Taxes
The median property tax rate in Dennison, OH is 1.24%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $79,930 in Dennison, the typical annual property tax bill amounts to $941, significantly below the national median of $2,690. Property taxes in Dennison are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dennison's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Dennison or another part of Tuscarawas County, grasping 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
1.24%
Estimate Property Tax Bill
$991
Ownwell’s Dennison Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennison is 1.24%, 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 44621 zip code has the highest median property tax rate of 1.24%, while the 44621 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Dennison provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dennison Tax Rate
1.24%
Average Tuscarawas 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 | 0.86% | 1.06% | 1.24% | 1.27% | 1.27% |
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 Tuscarawas 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 Dennison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44621, with a median tax bill of $941.00, which is significantly lower than the national median property tax rate of 0.99%.
Average Dennison Assessed Value
$79,930
Average Tuscarawas County Assessed Value
$122,160
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 | $25,958 | $54,580 | $79,930 | $131,190 | $209,800 |
Source: Ownwell
Property Tax Bills Across Dennison, Ohio
Property tax bills in Dennison, located in Tuscarawas County, OH, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Dennison, the median home price is $79,930. Property tax bills can vary widely; the 25th percentile tax bill is $626, while the 75th percentile reaches $1,455. At the 90th percentile, homeowners may face a tax bill as high as $2,267. The highest median tax bill in the area is $941, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Dennison Tax Bill
$941
Average Tuscarawas County Tax Bill
$1,645
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 | $269 | $626 | $941 | $1,455 | $2,267 |
Source: Ownwell