Harrisburg, Ohio Property Taxes
The median property tax rate in Harrisburg, OH is 1.94%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Harrisburg, the typical annual property tax bill reaches $2,139, surpassing the national median of $2,690. Property taxes in Harrisburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrisburg'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 Harrisburg 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
Harrisburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$2,142
Ownwell’s Harrisburg Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Harrisburg. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Harrisburg to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you plan your finances better. For those interested in more detailed insights, localized information by neighborhood is available further down the page. Your property’s assessed value, determined by the county for tax calculations, includes any applicable exemptions, ensuring you get the most precise estimate possible.
Property Tax Rates Across Harrisburg, Ohio
Property taxes in Harrisburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisburg is 1.94%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Harrisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisburg 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 Harrisburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43126 zip code has the highest median property tax rate of 1.94%, while the 43126 zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Harrisburg provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisburg Tax Rate
1.94%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43126 | 1.56% | 1.94% | 1.94% | 1.99% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Harrisburg, Ohio
In Harrisburg, 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 Franklin 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 Harrisburg, 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 Harrisburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harrisburg is $2139 in the 43126 zip code, which is also the lowest median tax bill in the area.
Average Harrisburg Assessed Value
$110,400
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43126 | $13,500 | $87,400 | $110,400 | $136,400 | $171,500 |
Source: Ownwell
Property Tax Bills Across Harrisburg, Ohio
In Harrisburg, located in Franklin County, OH, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the tax bill. For instance, Harrisburg's homeowners with a median home price of $110,400 can expect their tax bills to vary significantly. The 25th percentile tax bill stands at $1,561, while the 75th percentile reaches $2,645, and the 90th percentile goes up to $3,419. These figures reflect the range of tax obligations homeowners may face, depending on their property's assessed value and specific tax rate. The highest median tax bill in the area is $2,139, found in the 43126 zip code. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly. Compared to the national median property tax rate of 0.99%, Harrisburg's tax rates can be relatively high, impacting the overall cost of homeownership in the area.
Average Harrisburg Tax Bill
$2,139
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43126 | $269 | $1,561 | $2,139 | $2,645 | $3,419 |
Source: Ownwell