Lindsey, Ohio Property Taxes
The median property tax rate in Lindsey, OH is 1.47%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Lindsey, the typical annual property tax bill reaches $1,537, which is below the national median of $2,690. Property taxes in Lindsey 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 Lindsey'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 Lindsey 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
Lindsey, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,507
Ownwell’s Lindsey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsey 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 Lindsey, Ohio
Property taxes in Lindsey, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Lindsey is 1.47%, which is notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lindsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsey 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 Lindsey's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43442 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these areas compare with Lindsey provides valuable insights into the varying tax landscape across Sandusky County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsey Tax Rate
1.47%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43442 | 1.03% | 1.24% | 1.47% | 1.60% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Lindsey, Ohio
In Lindsey, 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 Sandusky 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 Lindsey, 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. For example, the median home price in Lindsey is $102,550, with tax bills ranging from $952 at the 25th percentile to $3,139 at the 90th percentile. The zip code 43442 has both the highest and lowest median tax bill at $1,537. 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 Lindsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lindsey Assessed Value
$102,550
Average Sandusky County Assessed Value
$110,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43442 | $35,940 | $70,075 | $102,550 | $149,000 | $229,640 |
Source: Ownwell
Property Tax Bills Across Lindsey, Ohio
In Lindsey, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. For homeowners in Lindsey, the median home price is $102,550. Property tax bills can vary significantly; the 25th percentile tax bill is $952, while the 75th percentile reaches $2,137. At the 90th percentile, homeowners might pay up to $3,139. The highest median tax bill in the county is $1,537, which is considerably higher than the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners, as property taxes represent a significant annual expense. Accurate assessments ensure that homeowners pay a fair share, reflecting the true value of their property.
Average Lindsey Tax Bill
$1,537
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43442 | $451 | $952 | $1,537 | $2,137 | $3,139 |
Source: Ownwell