According to the Columbus Dispatch, Franklin County homeowners will pay about 2% more in property taxes next year, based on appraisal estimates by county Auditor Clarence Mingo.

The issue results from a dramatic increase in activity on the housing market.   The Auditor’s office determined that since their last update in property values (2014) residential values rose 14 %.

In the interview, the Auditor said:

“To the extent the double-digit increases are shocking to taxpayers, it’s only because we lived previously with values increasing marginally or even decreasing.  We expect the next three to six years to reflect more modest and more traditional growth.”

“Over the past three years, home-value changes ranged from a low of 8.5% in the Dublin school district to a high of 29.9% in the Grandview Heights district.”

Based on those figures, homeowners in most school districts should expect to pay about $50 more a year in taxes for each $100,000 in home value.  Increases will range from 1.3 percent in Dublin to 4.15 percent in Grandview Heights.

On average here are some representative increases homeowners should expect to pay:

  • Grandview Heights – $130 more in taxes for each $100,000 in home value
  • Licking Heights district – $255 more in taxes a year for each $100,000 in value (includes new 4.99-mill levy)

Columbus homeowners should receive their new appraisal estimates in late August.   “While the rise in value triggers a marginal increase in property taxes, the more substantive increase is always due to levies, which voters control,” Mingo said.

Homeowners should be aware that a State law limits the amount of new taxes that schools can collect because of a rise in property values.  As an example, a 10% increase in value does not lead to a 10 percent increase in property taxes.

Franklin County has not changed its property valuation since 2011, although in 2014 property values were updated.  Homeowners in Franklin County have their first chance to challenge in values in special sessions from September 5 through 28.

Reevaluations can also be challenged during annual board of review meetings which occur in February and March. The Auditor’s office reported that some 60% of homeowners who challenged their bills in September during the last reappraisal received some relief.  Auditor Mingo said “They often know things about their home that we don’t know.”

After values are finalized in November, tax bills with the new figures will be mailed in December.

Preliminary Estimate of Franklin County Changes

A preliminary property reappraisal from the Franklin County Auditor’s Property taxes indicated that will rise about 2%.