Franklin County Property Tax: 2023 Guide to Assessment, Exemptions, and Payment

Property Tax in Franklin County: A Comprehensive Understanding

Owning property in Franklin County, Ohio, comes with the responsibility of paying property taxes. These taxes are used to fund essential services in the county, such as schools, roads, and public safety. Understanding the assessment process, exemptions, and payment options is crucial for property owners to ensure timely and accurate tax payments.

Franklin County Property Tax Assessment

1. Assessment Process

The Franklin County Auditor's Office assesses property values every three years. They consider several factors, including:

• Square footage
• Number of rooms
• Location
• Age and condition

Based on this information, the auditor determines the taxable value of the property.

2. Tax Rates

Franklin County property taxes are calculated by multiplying the taxable value by the millage rate. The millage rate varies depending on the location and the services provided in the area.

Franklin County Property Tax Exemptions

1. Homestead Exemption

Eligible primary residences can receive a homestead exemption that reduces the taxable value of their property. The exemption is:

• $25,000 for homeowners 65 or older or disabled
• $20,000 for all other eligible homeowners

2. Senior Citizen Property Tax Deferral Program

This program allows eligible seniors to defer their property taxes until the property is sold or transferred. To qualify, homeowners must be:

• 65 or older
• Have an income below certain limits
• Own and occupy their primary residence

Franklin County Property Tax Payment

1. Due Dates

Property taxes in Franklin County are due in two installments:

• First installment: March 1
• Second installment: July 1

2. Payment Options

Property owners can pay their taxes in various ways:

• Online
• Mail
• In-person at the Auditor's Office

Common Mistakes to Avoid

1. Missing Payment Deadlines

Paying property taxes late can result in penalties and interest charges.

2. Overpaying or Underpaying

Incorrectly calculating the amount of property taxes due can lead to overpayments or underpayments.

3. Not Claiming Eligible Exemptions

Eligible homeowners who do not claim their exemptions may pay more taxes than necessary.

Step-by-Step Approach to Property Tax Management

1. Determine Taxable Value

Contact the Franklin County Auditor's Office to obtain your property's taxable value.

2. Calculate Taxes

Multiply the taxable value by the millage rate applicable to your property.

3. Explore Exemptions

Determine if you qualify for any property tax exemptions and apply accordingly.

4. Pay Taxes

Choose the preferred payment method and make the payments by the due dates.

5. Dispute Assessment

If you believe your property's assessment is inaccurate, file an appeal with the Franklin County Board of Revision.

Tables for Franklin County Property Tax

Table 1: Franklin County Millage Rates

Table 2: Franklin County Homestead Exemptions

Table 3: Senior Citizen Property Tax Deferral Program Eligibility

| Requirement |
|---|---|
| Age | 65+ |
| Income | Below certain limits |
| Property Ownership | Primary residence |

Table 4: Franklin County Property Tax Payment Options

| Payment Method |
|---|---|
| Online | FranklinCountyAuditor.org |
| Mail | Franklin County Auditor's Office, Payment Processing, 373 S. High Street, Suite 200, Columbus, Ohio 43215 |
| In-person | Franklin County Auditor's Office, Payment Processing, 373 S. High Street, Suite 200, Columbus, Ohio 43215 |

Conclusion

Understanding Franklin County property tax is essential for responsible property ownership. By following the assessment process, exploring exemptions, and paying taxes on time, property owners can fulfill their financial obligations and contribute to the well-being of the community. Remember to stay informed about tax laws and changes to ensure accurate and timely payments.