Groveport, Pickaway County, Ohio Property Taxes
The median property tax rate in Groveport, OH is 1.21%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $228,540, the typical annual property tax bill in Groveport amounts to $2,480, slightly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Groveport'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 Groveport 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
Groveport, Pickaway County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,765
$2,566
Ownwell’s Groveport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Groveport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Groveport 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 Groveport, Pickaway County, Ohio
Property taxes in Groveport, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Groveport is 1.21%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Groveport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Groveport 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 Groveport's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43125 zip code has the highest median property tax rate of 1.21%, while the same zip code has the lowest median tax rate of 1.21%. Understanding how these cities compare with Groveport provides valuable insights into the varying tax landscape across Pickaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Groveport Tax Rate
1.21%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Groveport, Pickaway County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43125 | 0.40% | 0.70% | 1.21% | 1.40% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Groveport, Pickaway County, Ohio
In Groveport, 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 Pickaway 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 Groveport, 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. The median home price in Groveport is $228,540, with the median tax bill ranging from $1,720 at the 25th percentile to $5,035 at the 90th percentile. The zip code 43125 has the highest and lowest median tax bill of $2,480. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Groveport, Pickaway County, Ohio
Source: Ownwell
$76,490
$153,793
$231,095
Average Groveport Assessed Value
$228,540
Average Pickaway County Assessed Value
$169,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Groveport, Pickaway County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43125 | $116,292 | $148,370 | $228,540 | $352,970 | $816,212 |
Source: Ownwell
Property Tax Bills Across Groveport, Pickaway County, Ohio
In Groveport, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. For instance, if your home in Groveport has a median home price of $228,540, the assessed value will be a fraction of this amount, depending on local regulations. The tax rate in Groveport is applied to the assessed value to determine your annual property tax bill. Factors such as local government budgets, school funding needs, and public services influence the tax rate. In Groveport, homeowners can expect to pay a median property tax bill ranging from $1,720 at the 25th percentile to $5,035 at the 90th percentile. This variation ensures that property taxes are proportionate to property values and local needs, impacting homeowners by funding essential services and infrastructure. For comparison, the national median property tax rate is 0.99%, making Groveport's rates a crucial consideration for potential homeowners.
Average Groveport Tax Bill
$2,480
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Groveport, Pickaway County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43125 | $842 | $1,720 | $2,480 | $3,809 | $5,035 |
Source: Ownwell