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 |
$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% |
| Assessed Value |
$35,000 |
$35,000 |
$35,000 |
$35,000 |
$35,000 |
$35,000 |
| Millage Effective Rate |
x15.17 |
x17.492401 |
x44.911322 |
x2.768304 |
x2.651731 |
x3.980999 |
| Cost Before Rollback** |
$530.95 |
$612.23 |
$1,571.90 |
$96.89 |
$92.81 |
$139.33 |
| 12.5% Rollback*** |
-52.25 |
-60.07 |
-154.70 |
-9.54 |
-9.13 |
-13.71 |
| Annual Cost for Mills |
$478.70 |
$552.16 |
$1,417.20 |
$87.35 |
$83.68 |
$125.62 |
| % of Total Taxes |
17.44 |
20.11 |
51.64 |
3.18 |
3.05 |
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 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 9.84%.