North Ridgeville, Ohio Property Taxes
The median property tax rate in North Ridgeville, OH is 1.82%, slightly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in North Ridgeville at $197,265, the typical annual property tax bill reaches $3,510, significantly exceeding the national median of $2,690. Property taxes in North Ridgeville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Ridgeville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Ridgeville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Ridgeville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$3,590
Ownwell’s North Ridgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Ridgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Ridgeville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Ridgeville, Ohio
Property taxes in North Ridgeville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Ridgeville is 1.82%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Ridgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Ridgeville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares North Ridgeville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44039 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with North Ridgeville provides valuable insights into the varying tax landscape across Lorain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Ridgeville Tax Rate
1.82%
Average Lorain County Tax Rate
1.82%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Ridgeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44039 | 1.58% | 1.82% | 1.82% | 1.83% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across North Ridgeville, Ohio
In North Ridgeville, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lorain County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In North Ridgeville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in North Ridgeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $197,265, with annual tax bills ranging from $2,472 at the 25th percentile to $5,763 at the 90th percentile. The highest and lowest median tax bills are both $3,510 in the 44039 zip code.
Average North Ridgeville Assessed Value
$197,265
Average Lorain County Assessed Value
$141,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Ridgeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44039 | $109,021 | $139,838 | $197,265 | $261,422 | $320,578 |
Source: Ownwell
Property Tax Bills Across North Ridgeville, Ohio
In North Ridgeville, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate. In Lorain County, the median home price stands at $197,265. Homeowners can expect a tax bill ranging from $2,472 at the 25th percentile to $5,763 at the 90th percentile. The highest median tax bill recorded in the area is $3,510, specifically in the 44039 zip code. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Higher property values and tax rates result in higher tax bills, which can significantly impact homeowners' annual budgets. Compared to the national median property tax rate of 0.99%, North Ridgeville's rates can vary widely, affecting how much homeowners pay each year. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average North Ridgeville Tax Bill
$3,510
Average Lorain County Tax Bill
$2,507
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Ridgeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44039 | $1,888 | $2,472 | $3,510 | $4,722 | $5,763 |
Source: Ownwell