Powell, Franklin County, Ohio Property Taxes
Median Powell, OH effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Powell, OH home value: $202,300
Median annual Powell, OH tax bill: $5,243, $2,843 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Powell, 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 Powell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Powell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Powell, Franklin County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.59%
Estimate Property Tax Bill
$5,240
$4,862
Property Tax Rates Across Powell, Franklin County, Ohio
Local government entities determine tax rates, leading to significant variation across different regions. Each county, including Franklin County, estimates its budgetary needs annually to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the core mechanism for setting property tax rates each year.
Comparing Powell’s effective property tax rate to other cities in Ohio and the broader U.S. landscape reveals notable differences. Powell, located in Franklin County, has a median property tax rate of 2.59%, which is significantly higher than the national median of 1.02%. This means residents in Powell face a property tax bill that is considerably above the national median of $2,400. Understanding these differences can help property owners make informed decisions about appealing their property taxes or exploring exemption opportunities.
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 Powell Tax Rate
2.59%
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
2.10%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Powell, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43065 | 2.25% | 2.59% | 2.59% | 2.59% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Powell, Franklin County, Ohio
When examining property taxes in Powell, Ohio, 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 appraisal district 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 Powell.
For example, the median home price in Powell is $202,300, with tax bills ranging significantly across the county. Zip code 43065 has the highest median home price at $202,300.
Property Tax Assessment Values Across Powell, Franklin County, Ohio
Source: Ownwell
$4,400
$265,900
$527,400
Median Powell Market Value
$202,300
Median Franklin County Market Value
$168,000
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Powell, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43065 | $132,800 | $173,500 | $202,300 | $246,100 | $283,650 |
Source: Ownwell
Property Tax Bills Across Powell, Franklin County, Ohio
In Powell, located in Franklin County, Ohio, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in the area is $202,300. Property tax rates are set by local taxing authorities and are applied to the assessed value to calculate the tax bill. Homeowners in Powell can expect tax bills that range significantly. For instance, those at the 25th percentile pay around $4,488, while those at the 75th percentile face bills of approximately $6,156. The national median property tax rate is 1.02%, with a median bill of $2,400, which highlights how Powell's tax bills compare.
Homeowners looking to reduce their property tax burden can benefit from Ownwell's expertise. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially leading to substantial savings on their tax bills. This service is crucial in areas like Powell, where tax bills can be notably high.
Median Powell Tax Bill
$5,243
Median Franklin County Tax Bill
$3,472
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Powell, Franklin County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43065 | $3,265 | $4,488 | $5,243 | $6,156 | $6,865 |
Source: Ownwell