Galloway, Madison County, Ohio Property Taxes
Median Galloway, OH effective property tax rate: 2.12%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Galloway, OH home value: $169,380
Median annual Galloway, OH tax bill: $3,701, $1,301 higher than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Galloway, 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 Galloway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Galloway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Galloway, Madison County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.12%
Estimate Property Tax Bill
$3,591
$3,332
Property Tax Rates Across Galloway, Madison County, Ohio
Local government entities set tax rates, which can vary significantly within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Galloway in Madison County, OH, has an effective property tax rate that stands out when compared to other cities in Ohio. The median property tax rate in Ohio is significantly higher than the national median property tax rate of 1.02%. This means homeowners in Galloway are likely paying more in property taxes compared to the national average. Understanding these local tax dynamics is crucial for property owners who want to ensure they are not overpaying. By appealing your property taxes, you can potentially lower your tax burden and keep more money in your pocket.
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 Galloway Tax Rate
2.12%
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 Madison County Tax Rate
1.59%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Galloway, Madison County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43119 | 1.68% | 1.93% | 2.12% | 2.18% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Galloway, Madison County, Ohio
When examining property taxes in Galloway, 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 Madison 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 Madison 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 Galloway.
For example, the median home price in Galloway is $169,380, with tax bills ranging significantly across the county. The zip code 43119 has the highest median home price at $169,380.
Property Tax Assessment Values Across Galloway, Madison County, Ohio
Source: Ownwell
$78,580
$165,693
$252,805
Median Galloway Market Value
$169,380
Median Madison County Market Value
$142,200
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Galloway, Madison County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43119 | $3,958 | $28,000 | $169,380 | $455,870 | $599,262 |
Source: Ownwell
Property Tax Bills Across Galloway, Madison County, Ohio
In Galloway, located in Madison County, OH, property tax bills are calculated based on the assessed value of a homeowner’s property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. In Galloway, the median property tax bill stands at $3,701, which is significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Factors such as property size, location, and improvements can influence the assessed value, potentially leading to higher tax bills. Ownwell can assist homeowners by identifying potential inaccuracies in assessments and filing appeals to correct them, possibly resulting in lower tax bills. By leveraging their expertise, Ownwell can help homeowners navigate the complexities of property tax assessments and secure potential savings, ensuring they pay only their fair share.
Median Galloway Tax Bill
$3,701
Median Madison County Tax Bill
$2,428
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Galloway, Madison County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43119 | $62 | $497 | $3,701 | $9,861 | $12,817 |
Source: Ownwell