Calculating Property Taxes

Granville Exempted Village Schools
130 North Granger Street
Granville, OH 43023-0417
Phone: 740-587-8101
888-683-7730: Fax

Calculating Property Taxes

Property taxes are calculated by computing the taxable (or assessed) value of the property.  To do this, the market value of the property is multiplied by 35%.   

Next the appropriate tax rate is applied.  Class I (residential and agricultural) properties have a different tax rate than Class II (commercial and industrial) properties.

Below is a sample calculation of a residential property with a market value of $100,000.

*In the illustration above, the effective tax rate is expressed as a decimal (1 mill = .001)

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