If you’re looking to move to Dayton, Ohio, you’re going to want to understand how much property taxes are. Even if your home is paid for in full, you’ll still need to pay property taxes to live there. Finding an area with low property taxes can help you reduce your outgoing costs and even give you some extra money for a rainy day, so you can spend it on good restaurants in Dayton, exciting activities, or other things you want to do.
What are the property tax rates in Dayton, Ohio?
Taxes are determined by calculating the costs for a township within a county. Montgomery County is the main county that surrounds Dayton, Ohio, although Greene, Miami, and Warren also encompass part of the area. Each county has a different property tax. In Washington Township, the tax rate was around 2.44 percent of the home value. Residents in Washington Township pay around $180 per month for a home worth $100,000.
Beavercreek, another township, has been trying to pass levies for higher property taxes, but currently they cost someone with a home of $100,000 around $205 a year in levy charges alone.
In Piqua, voters were asked to approve an additional earned income tax on top of the current property tax. If the issue gets approved, then each person the city would pay around $75 extra on top of any property taxes, which is something to think about.
Wayne Township has a number of subdivisions and a limited staff for the township that keeps down the prices for property taxes. Someone paying for a $100,000 home’s property taxes pays around $55.12 per year for a fire service levy on top of any other property taxes owed in for a home.
In Kettering, a home of around $100,000 is taxed at a 2.24 percent tax rate, costing the home owner around $2,500 a year. That’s enough to put a ding in anyone’s income.
How Much Are Property Taxes On Average in Ohio?
Based on a home worth $100,000, the average cost of property taxes in Ohio is 1.553 percent, not including any additional levies or payments for local services. That works out to around $1,553 per year. Dayton can be slightly higher than this one average, although some communities and townships do pay less on the whole. Property taxes alone can’t be the only determining factor, because local taxes, school levies, and fire levies can influence overall cost as well.
How Does Dayton Compare to Other Major Cities in Ohio?
Cleveland Ohio’s average rate of property taxes in Cuyahoga County is around 2.296 percent, or $2,296 per home valued at $100,000, while Dayton’s prices, particularly in local Darke County, are estimated to be 1.082 percent of the assessed home value of $100,000. That is around $1,082.
The tax rate in Cincinnati, Ohio, is averaged at 1.774 percent, meaning a home of $100,000 is taxed at around $1,774 per year.
Toledo’s tax rate is higher at 1.957 on average. The property taxes cost a homeowner with a home worth $100,000 around $1,957.
Even more expensive is Miamisburg, Ohio, which has a 2.112 percent tax on properties of $100,000. That tax will cost you around $2,112 per year.
Columbus Grove, which is in Putnam County, has a much lower tax rate at 1.051 percent. It costs you around $1,051 per year in taxes to live in this county.
How Does Dayton Compare to Other Major Cities?
Dayton has relatively low property taxes when compared to some areas of Ohio, but it’s fair to say that it’s pretty much on par with what you’d expect. What about other major cities, though? The national average is slightly higher than in Dayton on the whole, while other major cities actually tend to have lower rates.
If you have a home valued at $100,000, you can expect these rates in other major cities.
In New York City, which is based in New York County, you can expect a tax rate of 1.925 percent. In Buffalo, that percentage spikes to 2.723 percent in Erie County.
On the other end of the spectrum, you can live with a miniscule tax rate of only 0.888 percent in Washoe County in Reno, Nevada.
Michigan tax rates are similar to Ohio, with the state average being $1,833 per property worth $100,000. Washtenaw County, home of Ann Arbor, has a tax rate of around 1.93 percent.
Interestingly, in the land of sunshine and Hollywood stars, you’ll pay a low tax rate, too. Los Angeles County in Los Angeles, California, has a tax rate of around 0.793 percent. Nearby San Diego has a rate of 0.781 percent, and California City in Kern County has a 1.108 percent tax rate.
Nationally, the property tax average is around $1,211 per year for those with a home valued at $100,000, making Dayton slightly higher on average.
2 Point Highlight
How Does Dayton Compare to Other Major Cities?
Nationally, the property tax average is around $1,211 per year for those with a home valued at $100,000, making Dayton slightly higher on average.
How Does Dayton Compare to Other Major Cities in Ohio?
Cleveland Ohio’s average rate of property taxes in Cuyahoga County is around 2.296 percent, or $2,296 per home valued at $100,000, while Dayton’s prices, particularly in local Darke County, are estimated to be 1.082 percent of the assessed home value of $100,000.
