Upper Arlington City, Ohio Property Taxes
The median property tax rate in UPPER ARLINGTON CITY, OH is 2.49%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in UPPER ARLINGTON CITY at $75,500, the typical annual property tax bill reaches $1,882, falling below the national median of $2,690. Property taxes in UPPER ARLINGTON CITY are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding UPPER ARLINGTON CITY'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 UPPER ARLINGTON CITY 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
Upper Arlington City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$1,880
Ownwell’s UPPER ARLINGTON CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UPPER ARLINGTON CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UPPER ARLINGTON CITY 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 Upper Arlington City, Ohio
Property taxes in UPPER ARLINGTON CITY, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in UPPER ARLINGTON CITY is 2.49%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within UPPER ARLINGTON CITY set these rates annually, and they can vary significantly across different neighborhoods. Each year, UPPER ARLINGTON CITY 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 UPPER ARLINGTON CITY's effective property tax rate to other counties in Ohio and the national median. For comparison, the highest median property tax rate in the region is found in ZIP code 43221, with a rate of 3.12%, while ZIP code 43220 has the lowest median tax rate at 1.85%. Understanding how these cities compare with UPPER ARLINGTON CITY 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 Upper Arlington City Tax Rate
2.49%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upper Arlington City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Upper Arlington City, Ohio
In UPPER ARLINGTON CITY, 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 UPPER ARLINGTON CITY, 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 UPPER ARLINGTON CITY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are 2012 and 1801, respectively.
Property Tax Assessment Values Across Upper Arlington City, Ohio
Source: Ownwell
$4,400
$330,750
$657,100
Average Upper Arlington City Assessed Value
$75,500
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 Upper Arlington City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Upper Arlington City, Ohio
In Upper Arlington City, Franklin County, OH, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For homeowners, this means that the higher the market value of their home, the higher their property tax bill will be. Several factors influence the assessed value, including the property's location, size, and condition. Additionally, local tax rates set by various taxing authorities, such as school districts and municipal governments, are applied to the assessed value to determine the final tax bill. For example, in Upper Arlington City, homeowners can expect a median property tax bill between $1,801 at the 25th percentile and $1,963 at the 75th percentile, with the 90th percentile reaching up to $2,012. These figures highlight how property taxes can vary significantly within the same area, impacting homeowners' annual financial obligations. With a national median property tax rate of 0.99%, it's crucial for homeowners in Upper Arlington City to understand how local assessments and rates affect their property tax bills.
Average Upper Arlington City Tax Bill
$1,882
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Upper Arlington City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell