South Lebanon, Ohio Property Taxes
The median property tax rate in South Lebanon, OH is 1.84%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in South Lebanon at $218,305, the typical annual property tax bill reaches $3,642, exceeding the national median of $2,690. Property taxes in South Lebanon 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 South Lebanon'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 South Lebanon 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
South Lebanon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$4,017
Ownwell’s South Lebanon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Lebanon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Lebanon 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 South Lebanon, Ohio
Property taxes in South Lebanon, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in South Lebanon stands at 1.84%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities in South Lebanon set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Lebanon 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 South Lebanon's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45065 has the highest median property tax rate of 1.84%, while the same zip code also has the lowest median tax rate of 1.84%. Understanding how these cities compare with South Lebanon provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Lebanon Tax Rate
1.84%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Lebanon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45065 | 1.58% | 1.58% | 1.84% | 1.99% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across South Lebanon, Ohio
In South Lebanon, 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 Warren County Auditor 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 South Lebanon, 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 South Lebanon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45065 has the highest and lowest median tax bill, both at $3,642.
Average South Lebanon Assessed Value
$218,305
Average Warren County Assessed Value
$234,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Lebanon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45065 | $63,523 | $97,030 | $218,305 | $319,958 | $398,938 |
Source: Ownwell
Property Tax Bills Across South Lebanon, Ohio
In South Lebanon, located in Warren County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Homeowners in this area face a median property tax rate that aligns closely with the national median of 0.99%. For instance, with a median home price of $218,305, the property tax bill for the 25th percentile is around $1,870, while for the 75th percentile, it rises to approximately $5,711. At the 90th percentile, homeowners could see tax bills as high as $7,348. These tax bills can significantly impact homeowners' finances, influencing decisions on home improvements and overall affordability. The highest and lowest median tax bills in the area are both $3,642, indicating a relatively consistent tax burden across different properties. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average South Lebanon Tax Bill
$3,642
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Lebanon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45065 | $1,154 | $1,870 | $3,642 | $5,711 | $7,348 |
Source: Ownwell