Morrow County Real Estate Tax Information
Real estate taxes in Morrow County are due in February and in July. Because real estate taxes are billed in arrears, the tax bill due in February will be for the first half of the prior year. You should receive this tax bill in January.
For example, the tax bill you receive in January of 2000 will be due in February of 2000 and is assessed for the time from January 1, 1999 through June 30, 1999.
Remember that the property owner is responsible for paying their real estate taxes by the due date, whether a tax bill is received or not. If you feel you should have received your tax bill and have not, contact the Morrow County Treasurer's Office at (419) 947-6070.
Second half real estate taxes in Morrow County are billed in June and are due in July.
For example, the tax bill you receive in June of 2000 will be due in July of 2000 and is assessed for the time from July 1, 1999 through December 31, 1999.
Morrow County Real Estate Tax Rates
Morrow County Conveyance Fees
A conveyance fee, also known as a transfer tax, is a state-imposed tax on the transfer of real property and is based on the purchase price of that property. In Morrow County, the conveyance fee is set at $3.00 per thousand dollars of the purchase price plus $0.50 per parcel.
The seller should be prepared to pay the "per thousand' portion of the conveyance fee, while the buyer usually pays for the "per parcel' fee.
For example, if a parcel of land were sold for $250,000.00, the conveyance fees associated with this sale would be $750.50. In most circumstances, the seller would pay $750.00 while the buyer pays $0.50.
How to Calculate Property Taxes
The calculations below show how you can estimate your real estate tax bill.
The calculations used in this example are for a $250,000.00 home in the Bennington Highland tax district (district number A01). Refer to the current Morrow County Tax Rates for the derivation of the numbers used in the following example.
1. Determine the Assessed Value
Formula: Appraised Value * 35% = Assessed Value
Example: $250,000.00 * 0.35 = $87,500.00
2. Determine the Gross Taxable Amount
Formula: (Assessed Value * Effective Rate) / 1000 = Gross Tax
Example: (87,500.00 * 43.308389) / 1000 = $3789.48
Be sure to use the proper Effective Rate. There is one for residential and agricultural property and another one for all other types of property.
3. Calculate the Rollback Credit
Formula: Gross Tax * Rollback = Rollback Credit
Example: $3789.48 * 0.125 = $473.69
For owner-occupied residential properties, the Rollback Credit is 12.5% of the Gross Taxable Amount. For all other types of property, the Rollback Credit is 10% of the Gross Taxable Amount.
4. Reduce Gross Taxable Amount by Rollback Credit
Formula: Gross Tax – Rollback Credit = Net Annual Tax
Example: $3789.48 – $473.69 = $3315.79
Remember that there are other credits that may affect your net annual tax. Such credits may be the Homestead Reduction or the Farm Value Reduction (CAUV). Also note that if there is additional millage that is voted in, the above method of estimating taxes will be inaccurate. Please contact Nancy Martin in our Title Department if you have any questions.
Morrow County Contact Information
Morrow County Courthouse
48 East High Street
Mt. Gilead, Ohio 43338
Treasurer (419) 947-6070
Auditor (419) 946-4060
Recorder (419) 947-3060