Westerville, Ohio Property Taxes
The median property tax rate in Westerville, OH is 2.55%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Westerville at $221,050, the typical annual property tax bill reaches $5,315, exceeding the national median of $2,690. Property taxes in Westerville 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 Westerville'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 Westerville 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
Westerville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.55%
Estimate Property Tax Bill
$5,637
Ownwell’s Westerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westerville 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 Westerville, Ohio
Property taxes in Westerville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westerville is 2.55%, significantly higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Westerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westerville 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 Westerville's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43231 zip code has the highest median property tax rate of 2.89%, while the 43082 zip code has the lowest median tax rate of 2.55%. Understanding how these areas compare with Westerville 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 Westerville Tax Rate
2.55%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43081 | 1.86% | 2.24% | 2.55% | 2.59% | 2.83% |
| 43082 | 2.42% | 2.55% | 2.55% | 2.56% | 2.62% |
| 43231 | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Westerville, Ohio
In Westerville, 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 Westerville, 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 Westerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $12,258 in the 43082 zip code, while the lowest is $991 in the 43231 zip code.
Average Westerville Assessed Value
$221,050
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 Westerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43081 | $111,170 | $162,575 | $221,000 | $274,725 | $329,700 |
| 43082 | $359,510 | $435,000 | $479,450 | $509,275 | $589,520 |
| 43231 | $12,200 | $20,750 | $34,300 | $43,575 | $44,430 |
Source: Ownwell
Property Tax Bills Across Westerville, Ohio
In Westerville, property tax bills are calculated based on the assessed value of a home, which is determined by the Franklin County Auditor. The assessed value is typically a percentage of the property's market value. Once the assessed value is established, various tax rates from different taxing authorities, such as schools, municipalities, and special districts, are applied to calculate the total tax bill. For homeowners in Westerville, the median home price is $221,050, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $3,955, while the 75th percentile reaches $6,729, and the 90th percentile can be as high as $8,352. The highest median tax bill in the area is $12,258 in the 43082 zip code, whereas the lowest is $991 in the 43231 zip code. These variations can significantly impact homeowners' finances, making it crucial to understand how property taxes are calculated and what factors influence the final bill. With the national median property tax rate at 0.99%, Westerville's rates can be comparatively high, affecting overall affordability.
Average Westerville Tax Bill
$5,315
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Westerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43081 | $2,567 | $3,953 | $5,312 | $6,725 | $8,337 |
| 43082 | $9,395 | $11,282 | $12,258 | $13,332 | $15,206 |
| 43231 | $353 | $600 | $991 | $1,259 | $1,284 |
Source: Ownwell