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FIPS: 39049•Rank #26 National•Rank #3 in OH
Franklin County, OH
Forward-Looking Municipal Debt, Assessment Lag & Carrying Cost Audit
Elevated Tax Drift Risk
96% Conf.
Tax Drift Index
63.4/ 100
Elevated Drift Risk
Franklin County Executive Risk Briefing
MSRB EMMA Disclosures & US Census BureauAugust 2026
Franklin County carries a Elevated Tax Drift Score (63.4/100) based on $7,200 in overlapping municipal debt per capita and a +23% CAD assessment lag spread. Projected 3-year millage escalation of +0.24% (+24 bps) indicates an estimated +$1,725/yr escrow adjustment on median-priced properties.
Median Home: $310,000Median Income: $73,500Effective Tax: 1.9%
Municipal Debt Per Capita
$7,200
9.8% of Median Income
CAD Valuation Lag
+23.0%
Assessed Value trailing Market HPI
3-Yr Millage Escalation
+24 bps
Effective Rate: 1.9% → 2.1%
Projected Annual Escrow Shock
+$1,725/yr
Estimated on median assessed home
Interactive Property Tax & Escrow Shock Simulator
Model forward-looking ad valorem tax obligations and monthly escrow adjustments for a specific parcel in Franklin County, OH.
$310,000
$0
Current Annual Tax
$5,828
@ 1.88% eff. rate
Year 3 Projected Tax
$7,553
@ 2.12% eff. rate
Net Escrow Increase
+$1,725/yr
+$144/mo mortgage escrow
Projected Shock Attribution Breakdown+24 bps rate shift
1. Muni Bond Debt Service
+11 bps
I&S bond amortization
2. Operating Deficit Drift
+13 bps
M&O budget expansion
3. CAD Valuation Catch-up
+$871/yr
+$46,345 assessed base
Overlapping Taxing Jurisdictions & Debt Obligations
Breakdown of autonomous debt issuers assessing ad valorem property taxes on parcels within Franklin County.
| Entity Name | Entity Type | Outstanding Bond Debt | Debt / Student or Cap | Adopted Millage |
|---|---|---|---|---|
| Columbus City Schools | ISD | $980.0M | $21,300 | 1.150% |
5-Year Historical Drift Score & Effective Rate Trajectory
2022
56
1.8% eff.
2023
58
1.8% eff.
2024
60
1.8% eff.
2025
62
1.9% eff.
2026
63.4
1.9% eff.
Statutory Constraint & Legislative Policy
Ohio House Bill 920 reduction factors stabilize inflationary tax growth, but newly voted school bond debt levies pass through directly.
Data Provenance & Audit Citations