The steps outlined below show how a real estate tax bill is calculated. Full tax rates and reduction factors can be found on the tax rate sheet above.
Note: 10% rollback does not apply to commercial property.
Determine the assessed value
Formula: (Appraised Value) x 35% = Assessed Value
Example: $100,000 x .35 = $35,000
Divide (Assessed Value) in half to Calculate Half-Year Tax Bill Amount.
Formula: (Appraised Value) / 2 = Assessed Value (For Half-Year Tax Bill Calculation)
Example: $35,000 / 2 = $17,500
Calculate the gross tax See the tax rates page for full rates.
Formula: (Assessed Value) x (Full Rate) = Gross Tax (for Half-Year) / 1,000
Example: $17,500 x 83.60 / 1,000 = $1,463.00
Calculate the reduction factor credit amount See the tax rates page for full rates.
Formula: (Gross Tax) x (Reduction Factor) = Reduction Factor Credit
Example: $1,463.00 x .452516 = $662.03
Reduce the gross tax by the reduction factor credit amount
Formula: (Gross Tax) - (Reduction Factor Credit) = Adjusted Tax
Example: $1,463.00 - $662.03 = $800.97
Calculate the rollback credit amount
This calculation varies by your tax district and your current use code and what levies are qualified and non-qualified as determined by the State of Ohio. You can call the County Auditor's office for the details. Their phone number is 419-734-6740.
For "Owner-Occupied" Residential Properties, there is an additional 2.5% Rollback.
This calculation varies by your tax district and your current use code and what levies are qualified and non-qualified as determined by the State of Ohio. You can call the County Auditor's office for the details. Their phone number is 419-734-6740.
Reduce Adjusted Tax by Total Rollback for Half-Year Tax Amount.
Formula: (10% Rollback) + (2.5% Rollback) = Total Rollback Reduction (Adjusted Tax Amount) - (Total Rollback Reduction) = Total Half-Year Tax Amount.
