Granville, Licking County, Ohio Property Taxes
Median Granville, OH effective property tax rate: 3.96%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Granville, OH home value: $291,300
Median annual Granville, OH tax bill: $9,889, $7,489 higher than the national median property tax bill of $2,400.
How are property taxes in Licking County calculated?
Property taxes in Granville, 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 Granville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Granville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Granville, Licking County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.96%
Estimate Property Tax Bill
$11,535
$10,705
Property Tax Rates Across Granville, Licking County, Ohio
Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the basic process.
Granville, located in Licking County, Ohio, stands out with its effective property tax rate. With a median tax rate of 3.96%, Granville's rate is notably higher than both the Ohio state median and the national median property tax rate of 1.02%. This means homeowners in Granville pay a significantly larger portion of their property's assessed value in taxes compared to many other regions. For residents, understanding these rates is crucial as they directly impact annual tax bills. While the national median property tax bill is $2400, Granville's higher rate translates to a larger financial commitment for property owners. Comparing Granville's rate to other cities in Ohio and across the U.S. highlights the variability and importance of local tax policies.
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 Granville Tax Rate
3.96%
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 Licking County Tax Rate
2.22%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Granville, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43023 | 2.30% | 2.43% | 3.96% | 4.05% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Granville, Licking County, Ohio
When examining property taxes in Granville, 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 Licking 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 Licking County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Granville.
For example, the median home price in Granville is $291,300, with tax bills ranging significantly across the county. Zip code 43023 has the highest median home price at $291,300.
Property Tax Assessment Values Across Granville, Licking County, Ohio
Source: Ownwell
$7,100
$149,200
$291,300
Median Granville Market Value
$291,300
Median Licking County Market Value
$163,800
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Granville, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43023 | $128,900 | $202,200 | $291,300 | $413,700 | $583,180 |
Source: Ownwell
Property Tax Bills Across Granville, Licking County, Ohio
In Granville, Licking County, OH, property tax bills are calculated 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 determine the annual tax bill. Factors such as changes in market conditions and local government budgets can influence the assessed value and tax rate, impacting homeowners' tax bills. In Granville, the median property tax bill is significantly higher than the national median, with figures reaching as high as $9,889, reflecting the area's property values and tax rates. This can place a considerable financial burden on homeowners.
Ownwell offers a solution by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax liabilities. This service is particularly beneficial in areas like Granville, where tax bills can be substantial. By appealing incorrect assessments, homeowners can achieve savings, easing the financial strain of high property taxes.
Median Granville Tax Bill
$9,889
Median Licking County Tax Bill
$3,689
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Granville, Licking County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43023 | $3,279 | $6,370 | $9,889 | $15,372 | $21,754 |
Source: Ownwell