Galloway, Franklin County, Ohio Property Taxes
Median Galloway, OH effective property tax rate: 1.82%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Galloway, OH home value: $160,100
Median annual Galloway, OH tax bill: $2,941, $541 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Galloway, 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 Galloway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Galloway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Galloway, Franklin County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$2,914
$2,704
Property Tax Rates Across Galloway, Franklin County, Ohio
Local government entities in Ohio set tax rates, which can vary widely within the state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Galloway in Franklin County has an effective property tax rate of 1.82%. This rate is notably higher than the national median property tax rate of 1.02% and surpasses the national median property tax bill of $2,400. Comparatively, property tax rates in Ohio can differ significantly from one city to another, reflecting the varying budgetary needs and property values within each jurisdiction.
Understanding these differences can help property owners in Galloway and across Ohio make informed decisions about their tax liabilities and explore potential savings through appeals or exemptions.
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 Galloway Tax Rate
1.82%
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 Galloway, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43119 | 1.71% | 1.71% | 1.82% | 2.14% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Galloway, Franklin County, Ohio
When examining property taxes in Galloway, 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. The Franklin County appraisal district 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.
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 Galloway. For example, the median home price in Galloway is $160,100, with tax bills ranging significantly across the county. Zip code 43119 has the highest median home price at $160,100.
Property Tax Assessment Values Across Galloway, Franklin County, Ohio
Source: Ownwell
$4,400
$265,900
$527,400
Median Galloway Market Value
$160,100
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 Galloway, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43119 | $112,000 | $133,400 | $160,100 | $194,950 | $256,060 |
Source: Ownwell
Property Tax Bills Across Galloway, Franklin County, Ohio
Median Galloway Tax Bill
$2,941
Median Franklin County Tax Bill
$3,472
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Galloway, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43119 | $2,028 | $2,419 | $2,941 | $4,158 | $5,828 |
Source: Ownwell