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NW Franklin News

Friday, November 22, 2024

Analysis: Franklin County effective property tax rate outpaced the national average in Q3 2022

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Property owners in Franklin County paid 1.3% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.1 times the national average, according to the real estate analysis posted by the NW Franklin News.

The median sales price of a Franklin County home in the third quarter of 2022 was $276,000, based on data from the 3,812 properties sold during that time. In 2019 the median tax bill for the county was $3,465, which is 1.3% of the median value of the homes that were taxed.

This is 1.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Franklin County real estate data showed homeowners in Briggsdale, Harrisburg, and Worthington paid the highest rates.

The following table compares Briggsdale with some other cities belonging to Franklin County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Briggsdale3$45,000$2,1884.9%
Harrisburg1$56,000$2,3154.1%
Worthington46$416,250$7,7591.9%
Dublin87$579,900$10,4661.8%
Hilliard111$400,000$7,2741.8%
New Albany50$747,500$13,7151.8%
Riverlea2$650,000$11,6911.8%
Westerville106$361,250$6,0751.7%
Clinton2$98,000$1,7111.7%
Lake Darby20$265,050$4,6251.7%
Groveport26$250,000$3,9991.6%
Canal Winchester37$345,000$5,4001.6%
Bexley39$510,000$8,3031.6%
Upper Arlington115$600,000$9,7021.6%
Huber Ridge17$260,000$4,1761.6%
Minerva Park11$282,500$4,5481.6%
Blacklick41$399,900$6,5521.6%
Grove City153$298,000$4,4751.5%
Linworth1$447,600$6,5811.5%
Gahanna115$350,000$5,3911.5%
Pinhook2$320,000$4,8771.5%
Darbydale5$175,000$2,5821.5%
Grandview Heights14$582,500$8,7031.5%
Valleyview3$184,900$2,7421.5%
Marble Cliff2$790,000$11,9291.5%
Reynoldsburg109$255,000$3,5221.4%
Worthington Hills1$730,000$10,4631.4%
Columbus2,512$250,000$2,9851.2%
Blacklick Estates38$187,200$2,1571.2%
Lincoln Village35$195,000$2,2481.2%
Galloway8$374,000$4,5841.2%
Urbancrest3$102,250$1,2001.2%
Whitehall42$159,750$1,7741.1%
Hamilton Meadows6$192,500$2,2001.1%
Obetz12$254,500$2,6661%
Flint2$527,500$5,2901%

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