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.
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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 |
x13.643733 |
x10.705484 |
x40.06436 |
x1.846713 |
x2.230902 |
x2.599317 |
x2.304967 |
| Cost Before Rollback** |
$477.53 |
$374.69 |
$1,402.25 |
$64.63 |
$78.08 |
$90.98 |
$80.67 |
| 12.5% Rollback*** |
-46.41 |
-36.41 |
-136.28 |
-6.28 |
-7.59 |
-8.84 |
-7.84 |
| Annual Cost for Mills |
$431.12 |
$338.28 |
$1,265.98 |
$58.35 |
$70.49 |
$82.13 |
$72.83 |
| % of Total Taxes |
19 |
15 |
55 |
3 |
4 |
4 |
3 |
* 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 9.718%.