Columbus Grove, Ohio Property Taxes
The median property tax rate in Columbus Grove, OH is 1.86%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Columbus Grove at $123,400, the typical annual property tax bill reaches $2,416, which is below the national median of $2,690. Property taxes in Columbus Grove 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 Columbus Grove'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 Columbus Grove 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
Columbus Grove, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$2,295
$2,130
Ownwell’s Columbus Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbus Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbus Grove 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 Columbus Grove, Ohio
Property taxes in Columbus Grove, Ohio, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Columbus Grove is 1.86%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Columbus Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbus Grove 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 Columbus Grove's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45830 zip code has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Columbus Grove 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 Columbus Grove Tax Rate
1.86%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbus Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45830 | 1.82% | 1.86% | 1.86% | 1.96% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Columbus Grove, Ohio
In Columbus Grove, 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 Columbus Grove, 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. The median home price in Columbus Grove is $123,400, with tax bills ranging from $1,138 at the 25th percentile to $6,432 at the 90th percentile. Notably, the zip code 45830 has both the highest and lowest median tax bill, standing at $2,416. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Columbus Grove Assessed Value
$123,400
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 Columbus Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45830 | $18,000 | $57,550 | $123,400 | $238,900 | $313,900 |
Source: Ownwell
Property Tax Bills Across Columbus Grove, Ohio
In Columbus Grove, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied. This rate is influenced by various factors, including public service needs, local government budgets, and voter-approved measures. Homeowners in Columbus Grove can expect a wide range of property tax bills. For instance, the 25th percentile tax bill is $1,138, while the 75th percentile reaches $4,685. The 90th percentile tax bill can go as high as $6,432. These variations highlight the impact of property values and tax rates on individual tax liabilities. Compared to the national median property tax rate of 0.99%, Columbus Grove's tax bills reflect the area's specific economic and governmental conditions. Homeowners must consider these factors when budgeting for annual property expenses, as higher property taxes can significantly affect overall housing costs.
Average Columbus Grove Tax Bill
$2,416
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbus Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45830 | $348 | $1,138 | $2,416 | $4,685 | $6,432 |
Source: Ownwell