Blacklick, Ohio Property Taxes
The median property tax rate in Blacklick, OH is 2.41%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Blacklick at $206,900, the typical annual property tax bill reaches $4,655, exceeding the national median of $2,690. Property taxes in Blacklick 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 Blacklick'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 Blacklick or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blacklick, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$4,986
$4,627
Ownwell’s Blacklick Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Blacklick. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Blacklick to provide an accurate estimate of your property tax bill. This valuable resource helps you grasp potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at a neighborhood level, additional localized information is available by scrolling down. Your property’s assessed value, determined by Franklin County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Blacklick, Ohio
Property taxes in Blacklick, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Blacklick is 2.41%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Blacklick set these rates annually, and they can vary considerably across different neighborhoods. Each year, Blacklick 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 Blacklick's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43004 zip code has the highest median property tax rate of 2.41%, while the same zip code also has the lowest median tax rate of 2.41%. Understanding how these cities compare with Blacklick 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 Blacklick Tax Rate
2.41%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blacklick, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43004 | 1.86% | 2.14% | 2.41% | 2.51% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Blacklick, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blacklick, Ohio. The market value represents 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 Blacklick, 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. The median home price in Blacklick is $206,900, with tax bills ranging from $3,459 at the 25th percentile to $12,114 at the 90th percentile. The zip code 43004 has both the highest and lowest median tax bill at $4,655. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blacklick Assessed Value
$206,900
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 Blacklick, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43004 | $90,960 | $155,400 | $206,900 | $275,800 | $473,820 |
Source: Ownwell
Property Tax Bills Across Blacklick, Ohio
In Blacklick, property tax bills are calculated based on the assessed value of the property, which is determined by the Franklin County Auditor. The assessed value is a percentage of the market value of the home, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and any improvements or modifications made to it. Homeowners in Blacklick can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $3,459, while the 75th percentile reaches approximately $6,821. At the 90th percentile, the tax bill can soar to $12,114. These figures highlight the range of property tax obligations within the area, reflecting differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Blacklick's property tax rates can be quite substantial, impacting homeowners' annual financial planning and overall cost of living.
Average Blacklick Tax Bill
$4,655
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Blacklick, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43004 | $1,968 | $3,459 | $4,655 | $6,821 | $12,114 |
Source: Ownwell