This estimator gives a quick annual property tax figure for a home in Columbus, Ohio. It follows Ohio’s rules: assess at 35% of market value, apply the effective tax rate of about 1.72%, then apply the owner-occupancy credit and any homestead exemption.
How it works
Ohio taxes 35% of market value. Exemptions reduce value before the rate, and the owner-occupancy credit reduces the tax afterward:
taxable_market = max(market_value - homestead_shield, 0)
assessed_value = taxable_market * 0.35
gross_tax = assessed_value * effective_rate_on_assessed
annual_tax = gross_tax - (owner_occupied ? gross_tax * 0.025 : 0)
Because 1.72% is quoted as an effective rate against market value, the tool scales it onto the 35% assessed base so the result reflects that effective burden.
Example
A $250,000 owner-occupied home is assessed at 35% ($87,500). Applying the
effective rate gives a gross tax near $4,300, and the 2.5% owner-occupancy
credit trims it to roughly $4,193 for the year.
Notes
This is an estimate. Actual bills vary by taxing district mill levy, voted school and city levies, and confirmed exemptions. Verify figures with the Franklin County Auditor before relying on them.