StateRates

Franklin County, Ohio property tax

The median homeowner in Franklin County, Ohio pays $4,110 a year in property tax on a home worth $265,700, an effective rate of 1.55%. The national effective rate is 0.98%.

Effective rate 1.55% #7 of 88 in Ohio
Median tax bill $4,110 per year
Median home value $265,700 owner-occupied
Median income $73,795 household

What the rate means here

At 1.55%, Franklin County taxes property more heavily than the country as a whole, which sits at 0.98%. A high rate applied to a home worth $265,700 is what makes the bill $4,110. Counties in this position usually fund schools locally and have little commercial or industrial base to spread the burden across.

It ranks #7 of 88 Ohio counties by effective rate, against a statewide 1.36%, and #303 nationally. The state runs from 2.08% in Cuyahoga County down to 0.79% in Noble County.

The median home costs 3.6 times the median household income of $73,795, close to the national 3.86. With 1,321,635 residents this is one of the larger counties in the country, so the medians here average across a genuinely varied housing market and hide a lot of local range.

The rate is derived rather than quoted. How and why.

What that costs at different home values

$250,000 home $3,875 per year at 1.55%
$400,000 home $6,200 per year at 1.55%
$600,000 home $9,300 per year at 1.55%

Arithmetic at the county effective rate, before any exemption or assessment cap.

Housing and income

Franklin County, Ohio against Ohio and the country
Franklin County Ohio United States
Effective property tax 1.55% 1.36% 0.98%
Median tax bill $4,110 $2,712 $2,969
Median home value $265,700 $199,200 $303,400
Median gross rent $1,233 $988 $1,348
Median household income $73,795 $69,680 $78,538
Home price to income 3.6× 2.86× 3.86×
Rent as share of income 20.05% 17.01% 20.6%
Owner-occupied 52.97% 66.99% 65.02%

Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 1,321,635.

Nearby counties of similar size

Other Ohio counties
County Rate Median bill Home value
Cuyahoga County 2.08% $3,819 $183,200
Hamilton County 1.53% $3,461 $225,700
Summit County 1.54% $3,018 $195,700
Montgomery County 1.78% $2,975 $167,400
Lucas County 1.75% $2,710 $155,200

Franklin County property tax: common questions

What is the property tax rate in Franklin County, Ohio?

The effective rate is 1.55% of home value, from a median tax bill of $4,110 against a median home value of $265,700. That is 0.57 points above the national 0.98%.

How much is property tax on a $400,000 home in Franklin County?

Roughly $6,200 a year at the county effective rate of 1.55%.

Is Franklin County expensive compared with the rest of Ohio?

It ranks #7 of 88 Ohio counties by effective property tax rate, and #303 of 2,826 nationally. That is 0.19 points above the Ohio average of 1.36%.

What does housing cost in Franklin County?

The median home is worth $265,700 and median gross rent is $1,233 a month. Median household income is $73,795, which puts the home at 3.6 times annual income and rent at 20.05% of it.