Property taxes are based on the tax rate where the property is located and the taxable value (based on 35% of market value) of the property as determined by the county auditor. The City of Dublin receives approximately 2% of your property taxes.
How do you calculate property tax in Ohio?
You pay real estate taxes on the assessed value (35% of the property's appraised value) of your property. The assessed value of the property multiplied by the effective tax rate of voted levies equals the amount owed.
What is the local tax rate in Dublin Ohio?
All residents over 18 years of age must file a tax return each year with the City of Dublin. The local income tax rate is 2 percent and applies to gross wages, salaries and other personal service compensation, and net profits of Dublin businesses.
How much is tax on a dollar in Ohio?
Ohio has a 5.75 percent state sales tax rate, a max local sales tax rate of 2.25 percent, and an average combined state and local sales tax rate of 7.24 percent. Ohio's tax system ranks 37th overall on our 2023 State Business Tax Climate Index.
How much is property tax for a house in Ohio?
Homeowners in the Buckeye State pay property tax rates that are higher than the national average but lower than those of several other Midwestern states. The average effective property tax rate in Ohio is 1.41%. However, tax rates vary significantly between Ohio counties and cities.
What city in Ohio has the highest property taxes?
Based on 2022 property tax rates being used for the bills due in 2023, an area listed in Ohio Department of Taxation records as Harrison Township/Dayton and including Northridge Local schools has the highest residential property taxes per $100,000 at $3,917, a decrease of $12 from the year before.