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 |
x16.357350 |
x13.766711 |
x46.045550 |
x2.428728 |
x2.326000 |
x3.482900 |
x1.749760 |
| Cost Before Rollback** |
$572.51 |
$481.83 |
$1,611.59 |
$84.95 |
$81.41 |
$121.90 |
$61.24 |
| 12.5% Rollback*** |
-55.40 |
-46.62 |
-155.94 |
-8.22 |
-7.88 |
-11.80 |
-5.93 |
| Annual Cost for Mills |
$517.11 |
$435.21 |
$1,455.65 |
$76.73 |
$73.53 |
$110.10 |
$55.31 |
| % of Total Taxes |
18.99 |
15.98 |
53.44 |
2.82 |
2.70 |
4.04 |
2.03 |
* 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 9.676%.