Pickerington, Ohio Property Taxes
The median property tax rate in Pickerington, OH is 2.04%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Pickerington at $268,700, the typical annual property tax bill reaches $4,994, exceeding the national median of $2,690. Property taxes in Pickerington 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 Pickerington'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 Pickerington 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
Pickerington, 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 Pickerington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pickerington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pickerington 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 Franklin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pickerington, Ohio
Property taxes in Pickerington, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickerington is 2.04%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pickerington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickerington 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 Pickerington's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43147 zip code has both the highest and lowest median property tax rate of 2.04%. Understanding how these cities compare with Pickerington 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 Pickerington Tax Rate
2.04%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickerington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43147 | 1.80% | 1.86% | 2.04% | 2.05% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Pickerington, Ohio
In Pickerington, 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 Auditor 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 Pickerington, 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 Pickerington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 43147 in Pickerington has the highest and lowest median tax bill, both at $4,994, compared to the national median property tax rate of 0.99%.
Average Pickerington Assessed Value
$268,700
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 Pickerington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43147 | $190,000 | $195,100 | $268,700 | $270,800 | $310,580 |
Source: Ownwell
Property Tax Bills Across Pickerington, Ohio
In Pickerington, Franklin County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to the assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, market conditions, and any applicable exemptions or deductions. For example, the median home price in Pickerington is $268,700, and homeowners can expect a tax bill ranging from $3,976 at the 25th percentile to $6,399 at the 90th percentile. The highest and lowest median tax bills in the area are both $4,994, indicating a consistent tax rate across Pickerington. For homeowners, these taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Pickerington's rates reflect the region's specific funding needs and property values, impacting homeowners' annual financial planning.
Average Pickerington Tax Bill
$4,994
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickerington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43147 | $3,568 | $3,976 | $4,994 | $5,654 | $6,399 |
Source: Ownwell