Columbus, Summit County, Ohio Property Taxes

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

Median Columbus, OH effective property tax rate: 1.70%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Columbus, OH home value: $336,665
Median annual Columbus, OH tax bill: $6,135, $3,735 higher than the national median property tax bill of $2,400.

How are property taxes in Summit County calculated?

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

Last Updated March 1, 2025

Columbus, Summit County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.7%

Estimate Property Tax Bill

$5,723

$5,311

Ownwell’s Columbus Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Columbus with just two data points. By entering your property's estimated assessed value, our calculator applies Columbus’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 Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Columbus, Summit County, Ohio

Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties assess their budgetary needs for public services and then divide this by the total value of all taxable properties in their area. This process establishes the property tax rate. While voting and legislation play roles in determining these rates and budgets, this is the simplified annual procedure.

In Columbus, located in Franklin County, Ohio, the effective property tax rate stands at 2.05%, which is notably higher than both the state median of 1.70% and the national median of 1.02%. This elevated rate reflects the community's commitment to funding essential services and maintaining infrastructure. The annual median property tax bill in Columbus is $2,987, surpassing both the state median of $2,371 and the national median of $2,400. Comparing Columbus's property tax rate to other cities in Ohio and the national average offers valuable insights for homeowners and potential buyers. Understanding these rates helps in making informed decisions about property investments and financial planning.

Property Tax Rates Across Columbus, Summit County, Ohio

Source: Ownwell

1.28%

1.60%

1.93%

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 Columbus Tax Rate

1.70%

Median Effective Summit County Tax Rate

1.63%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Columbus, Summit County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43216	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Columbus, Summit County, Ohio

When examining property taxes in Columbus, 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 Auditor 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 Columbus. For example, the median home price in Columbus is $336,665, with tax bills ranging significantly across the county. 43215 has the highest median home price at $450,000.

Property Tax Assessment Values Across Columbus, Summit County, Ohio

Source: Ownwell

$45,690

$300,230

$554,770

Median Columbus Market Value

$336,665

Median Summit County Market Value

$168,880

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Columbus, Summit County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43216	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Columbus, Summit County, Ohio

In Columbus, Summit County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $336,665, homeowners in this region face a tax burden that can be significant. For example, tax bills range from $4,360 at the 25th percentile to $10,986 at the 90th percentile, highlighting the variability based on property values and tax rates. This can be a financial strain, especially when compared to the national median property tax bill of $2,400. Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying, potentially saving them thousands of dollars annually. This service is invaluable for those looking to manage their property expenses more effectively.

Property Tax Bills Across Columbus, Summit County, Ohio

Source: Ownwell

$760

$5,379

$9,997

Median Columbus Tax Bill

$6,135

Median Summit County Tax Bill

$2,683

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Columbus, Summit County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43216	N/A	N/A	N/A	N/A	N/A

Source: Ownwell