Understanding Your 2021 Calendar Year Property Tax

  • How are school districts taxes calculated?

    Residential taxes are calculated by multiplying the fair market value of the homeowner's property by the county auditor's assessed valuation rate of 35%.
    For example, if a home has a fair market value of $100,000, the homeowner will pay taxes on the $35,000 assessed value. The millage rate determines the amount of taxes, and then the rollback factor is applied.
    In the table below, mills are expressed as a decimal (e.g., 1 mill=.001). Our school district's tax rate of 55.47 mills, expressed in decimal form, is .05547.
    How School Districts Calculated Graphic


    A Break Down of Local Taxes

    Property taxes are the primary source of revenue for Ohio's schools. While some school districts have passed income taxes to support their schools, NAPLS relies on property taxes for local support. Residents and businesses pay taxes to fund many services and benefits within their communities. As illustrated in this chart, residents' total local property tax bill may include support for the library system, the vocational education program serving the community (Eastland-Fairfield), city or village taxes, and a county tax. Other communities in Franklin County may pay for different services, which means their total tax bills may be different from that of a resident of the New Albany - Plain Local School District. Keep in mind that the Village of New Albany and the City of Columbus are primarily funded through income taxes.
    Source: Franklin County Auditor's Office; Ohio Department of Taxation