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 six 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 |
Five Rivers MetroPark |
| Appraised Value of Home |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
$100,000 |
| Taxable Value* |
x 35% |
x 35% |
x 35% |
x 35% |
x 35% |
x 35% |
x 35% |
| Assessed Value |
$35,000 |
$35,000 |
$35,000 |
$35,000 |
$35,000 |
$35,000 |
$35,000
|
| Millage Effective Rate |
x16.318386 |
x13.754880 |
x45.882556 |
x2.422887 |
x2.320000 |
x3.479486 |
x1.748044 |
| Cost Before Rollback** |
$571.14 |
$481.42 |
$1,605.89 |
$84.80 |
$81.20 |
$121.78 |
$61.18 |
| 12.5% Rollback*** |
-55.33 |
-46.64 |
-155.57 |
-8.22 |
-7.87 |
-11.80 |
-5.93 |
| Annual Cost for Mills |
$515.81 |
$434.78 |
$1,450.32 |
$76.58 |
$73.33 |
$109.98 |
$55.25 |
| % of Total Taxes |
19 |
16 |
53 |
3 |
3 |
4 |
2 |
* 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 rollbacks on new or replacement levies passed after 2013. As a result, the state uses an effective rollback rate for each community. For unincorporated Washington Township, the rate is 9.688%.