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 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% |
| Assessed Value |
$70,000 |
$70,000 |
$70,000 |
$70,000 |
$70,000 |
$70,000 |
| Millage Effective Rate |
x14.833231 |
x17.185414 |
x45.016878 |
x2.771340 |
x2.654640 |
x3.977626 |
| Cost Before Rollback** |
$1,038.33 |
$1,202.98 |
$3,151.18 |
$193.99 |
$185.82 |
$278.43 |
| 12.5% Rollback*** |
-129.79 |
-150.37 |
-393.40 |
-24.25 |
-23.23 |
-34.80 |
| Annual Cost for Mills |
$908.54 |
$1,052.61 |
$2,757.28 |
$169.74 |
$162.59 |
$243.63 |
| % of Total Taxes |
17.16 |
19.88 |
52.08 |
3.21 |
3.07 |
4.60 |
* 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 2014. As a result, the cost may be slightly higher than noted above for owner-occupied properties.