Gahanna, Ohio Property Taxes
The median property tax rate in Gahanna, OH is 2.61%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Gahanna at $195,300, the typical annual property tax bill reaches $5,276, significantly exceeding the national median of $2,690. Property taxes in Gahanna 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 Gahanna'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 Gahanna 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
Gahanna, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$5,097
$4,730
Ownwell's Gahanna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gahanna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gahanna 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 Gahanna, Ohio
Property taxes in Gahanna, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gahanna is 2.61%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Gahanna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gahanna 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 Gahanna's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43230 zip code has the highest median property tax rate of 2.61%, while the same zip code also has the lowest median tax rate of 2.61%. Understanding how these cities compare with Gahanna 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 Gahanna Tax Rate
2.61%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gahanna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43230 | 2.34% | 2.61% | 2.61% | 2.67% | 2.67% |
Source: Ownwell
Property Tax Assessment Values Across Gahanna, Ohio
In Gahanna, 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 Gahanna, 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 Gahanna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in zip code 43230, with a value of $5,276.
Average Gahanna Assessed Value
$195,300
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 Gahanna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43230 | $130,300 | $159,750 | $195,300 | $240,375 | $271,370 |
Source: Ownwell
Property Tax Bills Across Gahanna, Ohio
In Gahanna, located in Franklin County, OH, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county auditor and is typically a percentage of the property's market value. For instance, if the median home price in Gahanna is $195,300, the assessed value would be a fraction of this amount, subject to local assessment ratios. Several factors influence the tax bill, including the property's location, size, and any improvements made. Homeowners in Gahanna can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $4,195, while the 75th percentile reaches $6,361, and the 90th percentile can be as high as $7,499. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Gahanna may experience higher tax rates, reflecting the community's investment in local amenities and services.
Average Gahanna Tax Bill
$5,276
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Gahanna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43230 | $3,442 | $4,195 | $5,276 | $6,361 | $7,499 |
Source: Ownwell