Reynoldsburg, Licking County, Ohio Property Taxes

Name: Property Tax Bills Across Reynoldsburg, Licking County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Reynoldsburg, OH effective property tax rate: 3.25%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Reynoldsburg, OH home value: $216,200
Median annual Reynoldsburg, OH tax bill: $6,948, $4,548 higher than the national median property tax bill of $2,400.

How are property taxes in Licking County calculated?

Property taxes in Reynoldsburg, 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 Reynoldsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Reynoldsburg, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Reynoldsburg, Licking County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.2%

Estimate Property Tax Bill

$9,453

$8,772

Ownwell’s Reynoldsburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Reynoldsburg with just two data points. By entering your property's estimated assessed value, our calculator applies Reynoldsburg’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Licking County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Reynoldsburg, Licking County, Ohio

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws, this is the essence of how tax rates and budgets are set each year. In Reynoldsburg, located in Licking County, the effective property tax rate is a notable figure to consider. The city’s rate is 3.25%, which significantly exceeds both the Ohio median and the national median property tax rate of 1.02%. This higher rate reflects the specific budgetary needs and property values within the area. Property owners in Reynoldsburg face a higher tax burden compared to the national median property tax bill of $2,400. Understanding these differences can help property owners make informed decisions about tax appeals and exemptions.

Property Tax Rates Across Reynoldsburg, Licking County, Ohio

Source: Ownwell

1.81%

2.86%

3.91%

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 Reynoldsburg Tax Rate

3.20%

Median Effective Licking County Tax Rate

2.12%

Median Effective Ohio Tax Rate

1.60%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Reynoldsburg, Licking County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43068	2.63%	3.20%	3.20%	3.20%	3.20%

Source: Ownwell

Property Tax Assessment Values Across Reynoldsburg, Licking County, Ohio

When examining property taxes in Reynoldsburg, 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 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 Licking 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 Reynoldsburg.

For example, the median home price in Reynoldsburg is $216,200, with tax bills ranging significantly across the county. Zip code 43068 has the highest median home price at $216,200.

Property Tax Assessment Values Across Reynoldsburg, Licking County, Ohio

Source: Ownwell

$12,900

$248,700

$484,500

Median Reynoldsburg Market Value

$295,400

Median Licking County Market Value

$225,700

Median Ohio Market Value

$168,370

Median United States Market Value

$235,294

Property Tax Assessment Values Across Reynoldsburg, Licking County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43068	$166,300	$251,150	$295,400	$334,200	$367,800

Source: Ownwell

Property Tax Bills Across Reynoldsburg, Licking County, Ohio

In Reynoldsburg, Licking County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as the home's location, size, and improvements can influence its assessed value. The median home price in Reynoldsburg is $216,200, and property tax bills can vary significantly, with the 25th percentile at $5,835 and the 75th percentile at $7,892. This variability can impact homeowners, as higher tax bills may strain household budgets. Compared to the national median property tax bill of $2,400, Reynoldsburg's figures are notably higher, underscoring the importance of managing these expenses. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing local market data and leveraging expertise in property tax regulations, Ownwell can help reduce tax bills, providing financial relief and ensuring homeowners pay only their fair share.

Property Tax Bills Across Reynoldsburg, Licking County, Ohio

Source: Ownwell

$274

$6,864

$13,454

Median Reynoldsburg Tax Bill

$9,327

Median Licking County Tax Bill

$4,880

Median Ohio Tax Bill

$2,789

Median United States Tax Bill

$2,400

Property Tax Bills Across Reynoldsburg, Licking County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43068	$5,325	$7,671	$9,327	$10,610	$11,626

Source: Ownwell