Bexley City, Franklin County, Ohio Property Taxes
Median Bexley City, OH effective property tax rate: 2.78%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Bexley City, OH home value: $107,400
Median annual Bexley City, OH tax bill: $3,377, $977 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Bexley 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 Bexley City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bexley City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bexley City, Franklin County, Ohio Property Tax Bill Calculator
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Median Effective Tax Rate
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Property Tax Rates Across Bexley City, Franklin County, Ohio
Local government entities establish tax rates, which can differ significantly across the state. This variation occurs because each year, counties calculate their necessary budgets to fund services and then divide this by the total value of all taxable property within their borders. This process determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual procedure.
In Bexley City, located in Franklin County, the effective property tax rate is 2.78%, which is considerably higher than the national median of 1.02%. This indicates that property owners in Bexley City pay a higher rate compared to many areas across the United States. When compared to other cities in Ohio, Bexley City’s rate also stands out as one of the highest, reflecting the local government's budgetary needs and property value assessments. Understanding these rates is crucial for property owners as they navigate their financial responsibilities and explore opportunities for tax appeals or exemptions.
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 Franklin County Tax Rate
1.69%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bexley City, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Bexley City, Franklin County, Ohio
When examining property taxes in Bexley City, 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 Bexley City. For example, the median home price in Bexley City is $107,400, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Bexley City, Franklin County, Ohio
Source: Ownwell
$22,700
$373,650
$724,600
Median Franklin County Market Value
$241,800
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bexley City, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Bexley City, Franklin County, Ohio
In Bexley City, located in Franklin County, Ohio, property tax bills are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is calculated by the county auditor. Homeowners in Bexley City face a median property tax bill significantly higher than the national median, with 25% of residents paying at least $2,096 and 75% facing bills of $4,658 or more. This discrepancy can be attributed to the local tax rates and the assessed values of homes in the area. High property tax bills can place a financial strain on homeowners, making it essential to ensure that assessments are accurate and fair.
Ownwell offers property tax appeal and exemption services to help homeowners in Bexley City reduce their tax burden. By analyzing property assessments and market data, Ownwell identifies potential discrepancies and assists in filing appeals. This service can lead to substantial savings, providing homeowners with financial relief and peace of mind.
Median Franklin County Tax Bill
$4,138
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Bexley City, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | March 31 |
Links | |
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| Franklin Tax Assessor | |
| Website | property.franklincountyauditor.com |