Many public entities are funded by property tax. This is how Washington Township’s property tax factors in to the overall tax bill paid by residents of Centerville/Washington Township.
Property tax in Washington Township is collected for the township and five other public agencies. This chart shows a breakdown of the taxes and how they are calculated for residents of the unincorporated part of Washington Township.
|Washington Township||Montgomery County||Centerville Schools||W/C Library||Park District||Sinclair College|
|Appraised Value of Home||$200,000||$200,000||$200,000||$200,000||$200,000||$200,000|
|Taxable Value*||x 35%||x 35%||x 35%||x 35%||x 35%||x 35%|
|Millage Effective Rate||x 13.703423||x 17.034025||x 44.054691||x 2.347776||x 2.873018||x 3.200000|
|Cost Before Rollback**||$959.24||$1,192.38||$3,083.83||$164.34||$201.11||$224.00|
|Annual Cost for Mills||$839.34||$1,043.33||$2,698.35||$143.80||$175.97||$196.00|
|% of Total Taxes||16.47||20.47||52.94||2.82||3.45||3.85|
* Taxable Value - Ohio property taxes are levied against the assessed value or 35% of the appraised value of the property.
** Cost Before Rollback (Reduction Factor) - Assessed value / 1,000 x effective millage rate.
*** 12.5% Rollback (Reduction Factor) - A 10% tax relief measure was adopted in 1971 by the state legislature on all annual property tax bills. An additional 2.5% rollback applicable to owner-occupied homes was granted in 1979.
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