Upper Arlington, Ohio Property Taxes
The median property tax rate in UPPER ARLINGTON, OH is 2.45%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in UPPER ARLINGTON at $534,600, the typical annual property tax bill reaches $13,317, far exceeding the national median of $2,690. Property taxes in UPPER ARLINGTON 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 UPPER ARLINGTON'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 UPPER ARLINGTON 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
Upper Arlington, 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 UPPER ARLINGTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UPPER ARLINGTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UPPER ARLINGTON 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Upper Arlington, Ohio
Property taxes in Upper Arlington, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upper Arlington is 2.45%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Upper Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upper Arlington 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 Upper Arlington's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43212 zip code has the highest median property tax rate of 2.45%, while the 43221 zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Upper Arlington 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 Upper Arlington Tax Rate
2.45%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upper Arlington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43212 | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% |
| 43221 | 2.37% | 2.45% | 2.45% | 2.45% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Upper Arlington, Ohio
In Upper Arlington, 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. Assessment notices in Upper Arlington 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. For instance, the highest median tax bill is $16,140 in the 43212 zip code, while the lowest median tax bill is $13,129 in the 43221 zip code. 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 Upper Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Upper Arlington Assessed Value
$534,600
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 Upper Arlington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43212 | $553,400 | $575,450 | $657,100 | $681,900 | $761,820 |
| 43221 | $354,640 | $396,250 | $527,400 | $732,700 | $958,890 |
Source: Ownwell
Property Tax Bills Across Upper Arlington, Ohio
In Upper Arlington, Franklin County, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $534,600, the tax bill can vary significantly. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Upper Arlington can expect their property tax bills to range widely. At the 25th percentile, the tax bill is around $10,600, while at the 75th percentile, it jumps to $18,247. For those in the 90th percentile, the tax bill can reach up to $23,600. Compared to the national median property tax rate of 0.99%, Upper Arlington's rates reflect a higher tax burden, especially in certain zip codes. For example, the highest median tax bill in zip code 43212 is $16,140, while the lowest in zip code 43221 is $13,129. This variation can significantly impact homeowners' financial planning and housing costs.
Average Upper Arlington Tax Bill
$13,317
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Upper Arlington, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43212 | $13,535 | $14,074 | $16,140 | $16,678 | $18,632 |
| 43221 | $8,794 | $10,160 | $13,129 | $18,299 | $23,891 |
Source: Ownwell