Bexley, Franklin County, Ohio Property Taxes
Median Bexley, OH effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%. Median Bexley, OH home value: $203,550. Median annual Bexley, OH tax bill: $4,673, $2,273 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Bexley, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bexley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bexley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bexley, Franklin County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.3%
Estimate Property Tax Bill
$4,682
$4,344
Property Tax Rates Across Bexley, Franklin County, Ohio
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Bexley in Franklin County, Ohio, exemplifies this variation. The effective property tax rate here is significantly higher than both the state and national medians. Ohio's median property tax rate stands at 1.36%, which is above the national median of 1.02%. However, Bexley’s rate surpasses even this, reflecting the local government's budgetary needs and property values.
Comparing Bexley’s property tax rate to the national median highlights the diverse landscape of property taxes across the U.S. It underscores the importance of understanding local tax rates and their impact on property owners. Engaging with property tax consultants can provide valuable insights and assistance in navigating these differences to potentially reduce your property tax burden.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bexley Tax Rate
2.30%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin County Tax Rate
2.10%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bexley, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43209 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bexley, Franklin County, Ohio
When examining property taxes in Bexley, OH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. Franklin County estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bexley.
For example, the median home price in Bexley is $203,550, with tax bills ranging significantly across the county. The 90th percentile tax bill is $4,898, which is notably higher than the national median property tax bill of $2,400.
Property Tax Assessment Values Across Bexley, Franklin County, Ohio
Source: Ownwell
$4,400
$265,900
$527,400
Median Bexley Market Value
$203,550
Median Franklin County Market Value
$168,000
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bexley, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43209 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bexley, Franklin County, Ohio
In Bexley, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by Franklin County. The assessed value is a percentage of the property's market value. Homeowners in Bexley face a significant property tax burden, with bills often exceeding the national median of $2,400. For instance, the 25th percentile tax bill in Bexley is $4,533, which is considerably higher than the national median. Factors influencing the tax bill include the home's assessed value and the local tax rate. These high tax bills can strain homeowners, impacting their financial stability.
Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with the current market conditions, Ownwell can help homeowners potentially lower their tax bills. Our team of professionals works diligently to identify any discrepancies in the assessment and file appeals on behalf of homeowners, aiming to secure a fairer tax bill and reduce the financial burden on property owners in Bexley.
Median Bexley Tax Bill
$4,673
Median Franklin County Tax Bill
$3,472
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Bexley, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43209 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell