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South Franklin News

Friday, November 22, 2024

Analysis: Franklin County effective property tax rate outpaced the national average in Q1 2022

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Property owners in Franklin County paid 1.5% of the value of their homes in property taxes in the first quarter of 2022, which is more than 1.4 times the national average, according to the real estate analysis posted by the South Franklin News.

The median sales price of a Franklin County home in the first quarter of 2022 was $231,000, based on data from the 2,713 properties sold during that time. In 2019 the median tax bill for the county was $3,465, which is 1.5% of the median value of the homes that were taxed.

This is 1.4 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Franklin County real estate data showed homeowners in Valleyview, Huber Ridge, and Riverlea paid the highest rates.

The following table compares Valleyview with some other cities belonging to Franklin County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Valleyview2$113,925$2,7422.4%
Huber Ridge7$180,000$4,1762.3%
Riverlea1$510,500$11,6912.3%
New Albany29$615,000$13,7152.2%
Pinhook5$222,500$4,8772.2%
Dublin48$493,500$10,4662.1%
Worthington Hills2$497,500$10,4632.1%
Hilliard67$365,000$7,2742%
Worthington20$393,500$7,7592%
Linworth1$325,000$6,5812%
Edgewater Park2$99,750$1,8681.9%
Upper Arlington72$512,500$9,7021.9%
Gahanna64$280,000$5,3911.9%
Lake Darby6$248,750$4,6251.9%
Westerville63$330,000$6,0751.8%
Bexley20$455,000$8,3031.8%
Blacklick28$356,000$6,5521.8%
Clinton2$101,350$1,7111.7%
Groveport15$240,000$3,9991.7%
Canal Winchester23$315,000$5,4001.7%
Grove City121$285,000$4,4751.6%
Minerva Park4$280,000$4,5481.6%
Galloway7$285,000$4,5841.6%
Reynoldsburg74$230,500$3,5221.5%
Marble Cliff1$810,000$11,9291.5%
Lockbourne1$250,000$3,6551.5%
Columbus1,904$208,250$2,9851.4%
Blacklick Estates28$164,555$2,1571.3%
Grandview Heights8$687,000$8,7031.3%
Lincoln Village16$178,750$2,2481.3%
Hamilton Meadows5$172,500$2,2001.3%
Whitehall43$144,900$1,7741.2%
Harrisburg2$192,000$2,3151.2%
Obetz16$237,500$2,6661.1%
Reese1$202,500$2,0751%
Briggsdale1$232,500$2,1880.9%
Urbancrest2$133,000$1,2000.9%

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