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South Franklin News

Monday, November 25, 2024

Analysis: Franklin County effective property tax rate outpaced the national average in Q2 2022

Realestate2

Property owners in Franklin County paid 1.3% of the value of their homes in property taxes in the second quarter of 2022, which is more than 1.1 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 second quarter of 2022 was $276,000, based on data from the 3,630 properties sold during that time. In 2019 the median tax bill for the county was $3,465, which is 1.3% of the median value of the homes that were taxed.

This is 1.1 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 Linworth, Valleyview, and Edgewater Park paid the highest rates.

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

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Linworth1$240,000$6,5812.7%
Valleyview4$125,600$2,7422.2%
Edgewater Park1$90,000$1,8682.1%
Dublin79$555,000$10,4661.9%
Huber Ridge21$235,000$4,1761.8%
Minerva Park6$249,750$4,5481.8%
Worthington Hills1$570,000$10,4631.8%
Lake Darby16$255,000$4,6251.8%
Galloway14$253,000$4,5841.8%
Lockbourne1$200,000$3,6551.8%
Riverlea2$637,450$11,6911.8%
Westerville107$355,000$6,0751.7%
Hilliard90$422,500$7,2741.7%
New Albany48$805,000$13,7151.7%
Bexley33$495,000$8,3031.7%
Pinhook5$290,000$4,8771.7%
Canal Winchester35$340,000$5,4001.6%
Worthington26$486,375$7,7591.6%
Upper Arlington132$604,500$9,7021.6%
Grandview Heights13$545,000$8,7031.6%
Groveport23$270,000$3,9991.5%
Gahanna101$355,000$5,3911.5%
Blacklick22$427,950$6,5521.5%
Grove City156$320,000$4,4751.4%
Reynoldsburg89$245,000$3,5221.4%
Obetz19$188,000$2,6661.4%
Blacklick Estates38$161,500$2,1571.3%
Columbus2,457$252,000$2,9851.2%
Urbancrest5$100,000$1,2001.2%
Whitehall46$156,250$1,7741.1%
Harrisburg1$208,000$2,3151.1%
Lincoln Village28$200,750$2,2481.1%
Darbydale3$270,000$2,5821%
Hamilton Meadows2$221,250$2,2001%
Flint1$523,000$5,2901%
Briggsdale1$240,000$2,1880.9%

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