Franklin County Real Estate Taxes


Introduction

Real estate taxes in Franklin County, Ohio, are collected by the Franklin County Auditor’s Office. Property owners are responsible for paying taxes on their real estate, which includes their homes, land, and any buildings located on their property. The taxes are used to fund local government services such as schools, roads, and other public services.

Real Estate Tax Rate

The real estate tax rate in Franklin County is determined by the Franklin County Auditor’s Office. The tax rate is based on the appraised value of the property and is set by the county’s taxing authorities.

The current tax rate for Franklin County is $18.20 per $1,000 of appraised value. This rate is applied to the assessed value of the property, which is typically lower than the appraised value. The tax rate may be adjusted each year based on changes in the county budget.

Real Estate Tax Payment

Property owners in Franklin County are responsible for paying their real estate taxes by January 31 of each year. Payments can be made online, by mail, or in person at the Auditor’s Office.

Property owners can also choose to pay their taxes in two installments. The first installment must be paid by January 31 and the second installment must be paid by June 30.

Real Estate Tax Relief Programs

Franklin County offers a variety of tax relief programs to help property owners who are struggling to pay their real estate taxes. These programs include the Homestead Exemption, Senior Citizen Tax Relief Program, and Tax Deferment Program.

Homestead Exemption

The Homestead Exemption provides a property tax exemption to qualifying property owners. This exemption reduces the amount of real estate taxes owed on a primary residence by up to 25%. To qualify, property owners must meet certain income and residency requirements.

Senior Citizen Tax Relief Program

The Senior Citizen Tax Relief Program provides a property tax exemption to qualifying seniors who are 65 years of age or older. This exemption reduces the amount of real estate taxes owed on a primary residence by up to 50%. To qualify, seniors must meet certain income and residency requirements.

Tax Deferment Program

The Tax Deferment Program provides a property tax deferment to qualifying property owners who are struggling to pay their taxes due to financial hardship. This program allows property owners to defer their taxes for up to three years. To qualify, property owners must meet certain income and residency requirements.

FAQs

Q: What is the real estate tax rate in Franklin County?
A: The current real estate tax rate in Franklin County is $18.20 per $1,000 of appraised value.

Q: When are real estate taxes due?
A: Real estate taxes are due by January 31 of each year. Property owners can also choose to pay their taxes in two installments with the first installment due by January 31 and the second installment due by June 30.

Q: Are there any tax relief programs available for property owners?
A: Yes, Franklin County offers a variety of tax relief programs including the Homestead Exemption, Senior Citizen Tax Relief Program, and Tax Deferment Program.

Conclusion

Real estate taxes are an important source of revenue for local governments in Franklin County, Ohio. Property owners are responsible for paying their real estate taxes by January 31 of each year. The current tax rate for Franklin County is $18.20 per $1,000 of appraised value. Property owners who are struggling to pay their taxes may qualify for one of the county’s tax relief programs such as the Homestead Exemption, Senior Citizen Tax Relief Program, or Tax Deferment Program.