Lemoyne, Ohio Property Taxes
The median property tax rate in Lemoyne, OH, is 1.27%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value in Lemoyne of $40,300, the typical annual property tax bill amounts to $523, which is significantly below the national median of $2,690. Property taxes in Lemoyne are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lemoyne'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 Lemoyne or another part of Wood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lemoyne, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Lemoyne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lemoyne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lemoyne 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 Lemoyne, Ohio
Property taxes in Lemoyne, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lemoyne is 1.27%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lemoyne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lemoyne 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 Lemoyne's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43441 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Lemoyne provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lemoyne Tax Rate
1.27%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lemoyne, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43441 | 0.99% | 1.27% | 1.27% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Lemoyne, Ohio
In Lemoyne, 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 Wood 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 Lemoyne, 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 Lemoyne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $523.00, with the zip code 43441.
Average Lemoyne Assessed Value
$40,300
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lemoyne, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43441 | $5,200 | $9,500 | $40,300 | $120,300 | $160,300 |
Source: Ownwell
Property Tax Bills Across Lemoyne, Ohio
In Lemoyne, property tax bills are determined by assessing the value of a property and then applying the local tax rate. Factors such as the property's assessed value, the local tax rate, and any applicable exemptions play a crucial role in calculating the final tax bill. For instance, the median home price in Lemoyne is $40,300. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile at $123 and the 75th percentile reaching $1,638. The highest median tax bill in the region is recorded at $523 in the 43441 zip code. These tax bills impact homeowners by influencing their annual financial planning and potentially affecting their ability to invest in property improvements or other expenses. Compared to the national median property tax rate of 0.99%, the rates in Lemoyne reflect the local economic conditions and property values, offering a unique perspective on how property taxes are managed within this Ohio community.
Average Lemoyne Tax Bill
$523
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lemoyne, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43441 | $67 | $123 | $523 | $1,638 | $2,149 |
Source: Ownwell