Dunbridge, Ohio Property Taxes
The median property tax rate in Dunbridge, OH is 1.36%, which is higher than the national median of 0.99% but below the Ohio state median of 1.80%. With the median home value in Dunbridge at $70,400, the typical annual property tax bill amounts to $885, which is lower than the national median of $2,690. Property taxes in Dunbridge are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dunbridge'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 Dunbridge 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
Dunbridge, 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 DUNBRIDGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DUNBRIDGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DUNBRIDGE 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 Dunbridge, Ohio
Property taxes in Dunbridge, Ohio, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunbridge is 1.36%, which is higher than the U.S. national median of 0.99%. Local government entities within Dunbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunbridge 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 Dunbridge's effective property tax rate to other areas in Ohio and the national median. For comparison, the highest and lowest median property tax rates in the region are both 1.36%, similar to Dunbridge. Understanding how these cities compare with Dunbridge provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunbridge Tax Rate
1.36%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunbridge, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43414 | 1.01% | 1.36% | 1.36% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Dunbridge, Ohio
In Dunbridge, 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 Wood 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 Dunbridge, 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 Dunbridge 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 43414, with a tax bill of $885.00, while the lowest median tax bill is also in zip code 43414, with the same value of $885.00.
Average Dunbridge Assessed Value
$70,400
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunbridge, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43414 | $7,260 | $11,900 | $70,400 | $100,900 | $125,340 |
Source: Ownwell
Property Tax Bills Across Dunbridge, Ohio
In Dunbridge, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $70,400. Property taxes are determined by multiplying the assessed value by the local tax rate. The median tax bill in Dunbridge stands at $885, with the 25th percentile at $165 and the 75th percentile reaching $1,330. For those at the 90th percentile, the tax bill can be as high as $1,708. These figures indicate that property taxes in Dunbridge can vary significantly based on the value of the home. Homeowners in Dunbridge should be mindful of these variations, as they can impact annual budgeting. Compared to the national median property tax rate of 0.99%, Dunbridge's tax bills reflect the local economic conditions and property values. Understanding how these factors interplay can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Dunbridge Tax Bill
$885
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunbridge, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43414 | $100 | $165 | $885 | $1,330 | $1,708 |
Source: Ownwell