Where Property Taxes are Allocated

Many public entities are funded by property tax. The following graphs show how Washington Township’s property tax factors in to the overall tax bill paid by residents of Centerville/Washington Township.

A Detailed Look at Property Taxes in 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 TownshipMontgomery CountyCenterville SchoolsW/C LibraryPark DistrictSinclair 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%
Assessed Value $70,000 $70,000 $70,000 $70,000 $70,000 $70,000
Millage Effective Rate x15.743520 x18.051142 x47.860273 x2.979843 x2.854449 x4.200000
Cost Before Rollback** $1,102.05 $1,263.58 $3,350,22 $208.59 $199.81 $294.00
12.5% Rollback -137.76 -157.95 -418.78 -26.07 -24.98 -36.75
Annual Cost for Mills $964.27 $1,105.63 $2,931.44 $182.52 $174.83 $257.25
% of Total Taxes 17.17 19.69 52.20 3.25 3.11 4.58

* 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 by the state in 1971 on all annual property tax bills. An additional 2.5% rollback applicable to owner-occupied homes was granted in 1979. However, the state does not provide the owner-occupied rollback on new or replacement levies passed after 2014. As a result, the cost may be slightly higher than noted above for owner-occupied properties.

 

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