Homes for Sale Dayton Ohio - Centerville Property Tax
Interestingly the cost of living in Centerville is slightly higher than the national average per Sperling's Best. Though house values have not performed as strongly last year when compared to homes for sale in Springboro Ohio or Kettering, one awesome fact; if you're looking into the homes for sale Dayton Ohio offers, most particularly homes for sale in Centerville Ohio - low property tax.
Centerville Ohio Real Estate - Low Property Tax
32 consecutive years running, Centerville has not increased its Municipal Property Tax or Earnings Tax rates. Centerville reduced the Municipal Property Tax rate from $3.81 per $1,000 of assessed valuation in 1978 to $2.35 per $1,000 of assessed valuation for the year 2012. This reduction of and current property tax rate gives Centerville one of the lowest Municipal Property Tax rates in the greater Dayton Ohio real estate market.
Centerville Ohio Real Estate - Favorable Offsets
Let's say you're a millennial, age 24-34 or so, and seriously considering homes for sale in Centerville Ohio. You have a few factors in your favor that offset the higher cost of living;
- Obviously, Centerville Ohio property tax is low.
- Obama's decision to slash PMI (Private Mortgage Insurance).
- Expected home equity gains through 2015
- Attractively low interest rates.
Though the cost of living may be higher in Centerville, these factors when weighing homes for sale in Centerville Ohio and a possible purchase actually create a positive picture. What you might pay for regarding a higher cost of living, combined, these factors (depending on your price range of Centerville OH real estate) could save you $75 to a few hundred dollars per month.
Homes for Sale in Centerville Ohio - House Values
Centerville Ohio Real Estate house values seemed to stagnate last year, even dipping about 1.70% which is actually good for current buyers when you consider unfolding economic trends. Per Chief Economist Lawrence Yun of the National Association of Realtors, it's reasonable to expect house values to rise through this year about 5%.
Lawrence Yun's 2015 predictions for house values.