Grove City, Madison County, Ohio Property Taxes

Name: Property Tax Bills Across Grove City, Madison County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grove City, OH effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Grove City, OH home value: $239,735
Median annual Grove City, OH tax bill: $3,124, $724 higher than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

Property taxes in Grove City, 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 Grove City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grove City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grove City, Madison County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$3,284

$3,048

Ownwell’s Grove City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grove City with just two data points. By entering your property's estimated assessed value, our calculator applies Grove City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grove City, Madison County, Ohio

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Grove City in Madison County, Ohio, showcases how property tax rates can differ significantly even within the same state. With an effective property tax rate of 1.37%, it exceeds the national median of 1.02%. This difference underscores the importance of understanding local tax dynamics, as property owners in Grove City might face higher tax bills compared to the national median. The median property tax bill in the U.S. is $2,400, and local variations can greatly impact what residents pay. Understanding these nuances can help property owners make informed decisions about property investments and potential tax appeals.

Property Tax Rates Across Grove City, Madison County, Ohio

Source: Ownwell

1.37%

1.76%

2.15%

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 Grove City Tax Rate

1.37%

Median Effective Madison County Tax Rate

1.59%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grove City, Madison County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43123	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grove City, Madison County, Ohio

When examining property taxes in Grove City, Ohio, 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 Madison 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 Madison 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 Grove City.

For example, the median home price in Grove City is $239,735, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Grove City, Madison County, Ohio

Source: Ownwell

$78,580

$165,693

$252,805

Median Grove City Market Value

$239,735

Median Madison County Market Value

$142,200

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grove City, Madison County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43123	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grove City, Madison County, Ohio

In Grove City, located in Madison County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For homeowners, this can mean property tax bills that range significantly. The median home price in the area is $239,735, and the property tax bill can vary from the 25th percentile at $2,360 to the 90th percentile reaching $4,089. These figures are substantially higher than the national median property tax bill of $2,400, underscoring the importance for homeowners to understand how their taxes are assessed. Factors influencing the tax bill include local tax rates and any applicable exemptions or reductions. For homeowners feeling the financial pinch, Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden, ensuring they are not overpaying. With expert guidance, homeowners can navigate the complexities of property taxes and secure potential savings, making homeownership more affordable.

Property Tax Bills Across Grove City, Madison County, Ohio

Source: Ownwell

$1,109

$2,869

$4,629

Median Grove City Tax Bill

$3,124

Median Madison County Tax Bill

$2,428

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Grove City, Madison County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43123	N/A	N/A	N/A	N/A	N/A

Source: Ownwell