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 |
x13.620923 |
x10.713532 |
x36.163197 |
x1.843128 |
x1.765341 |
x2.60164 |
x1.307026 |
| Cost Before Rollback** |
$476.73 |
$374.97 |
$1,265.71 |
$64.51 |
$61.79 |
$91.06 |
$45.75 |
| 12.5% Rollback*** |
-46.33 |
-36.44 |
-123.01 |
-6.27 |
-6.00 |
-8.85 |
-4.45 |
| Annual Cost for Mills |
$430.40 |
$338.53 |
$1,142.71 |
$58.24 |
$55.78 |
$82.21 |
$41.30 |
| % of Total Taxes |
20 |
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%.