The real estate tax collection begins with the assessment of the real estate parcels in Franklin County. Ohio law requires counties to revalue all real property every six years with an update at the three year midpoint as ordered by the Tax Commissioner of the State of Ohio. The only changes to a property's value outside of the three year cycle would be due to:
- Physical changes to the property (improvements such as the addition of a porch, patio, deck, etc.)
- Demolition of an existing structure
- A decision by the Franklin County Board of Revision to change a value based on a filed complaint
Tax rates are determined by the budgetary request of each governmental unit as authorized by the vote of the people. They are computed in strict accordance with procedures required by the Division of Tax Equalization, Ohio Department of Taxation.
The tax bill is based on the tax rate multiplied by the value of the property. This would be the property owner's proportional share of the cost of operating your local government.
Because real estate taxes can be deducted on the property owner's federal income tax, many taxpayers pay all of their tax charges by December 31 of each year.
Real Estate Tax Due Dates
1st Half Collection
Each year, tax bills are mailed in mid-December and payments are due on or after January 20th (or the first following business day if the 20th falls on a weekend or a holiday).
2nd Half Collection
Each year, tax bills are mailed in mid-May and payments are due on
June 20th (or the first following business day if the 20th falls on a weekend or a holiday).
Please Note: The Treasurer's Office collects real estate taxes for the previous year during the current year. This is also known as arrears.