Lindsey, Ohio Property Taxes
The median property tax rate in Lindsey, OH is 1.29%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Lindsey at $208,245, the typical annual property tax bill reaches $3,317, exceeding 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
1.29%
Estimate Property Tax Bill
$2,686
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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsey is 1.29%, 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 1.29%, while the 43442 zip code has the lowest median tax rate of 1.29%. Understanding how these cities compare with Lindsey provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsey Tax Rate
1.29%
Average Ottawa County Tax Rate
1.28%
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 | 0.82% | 1.07% | 1.29% | 1.59% | 1.98% |
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 Ottawa 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. The median home price in Lindsey is $208,245, and understanding these valuation concepts can help property owners better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest and lowest median tax bill is 43442, with a median tax bill of $3,317. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lindsey Assessed Value
$208,245
Average Ottawa County Assessed Value
$131,980
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 | $118,887 | $142,192 | $208,245 | $356,340 | $527,322 |
Source: Ownwell
Property Tax Bills Across Lindsey, Ohio
In Lindsey, located in Ottawa County, OH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of your home's market value. For instance, with a median home price of $208,245, the assessed value is a crucial factor in determining your tax bill. The local property tax rate in Lindsey is compared against the national median property tax rate of 0.99%, providing a benchmark for homeowners. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the final tax bill. In Lindsey, the 25th percentile tax bill is $2,719, while the 75th percentile tax bill is $3,665, and the 90th percentile reaches $3,998. These figures illustrate the range of property taxes homeowners might expect. Understanding these calculations and factors helps homeowners in Lindsey better anticipate their property tax obligations and manage their finances accordingly.
Average Lindsey Tax Bill
$3,317
Average Ottawa County Tax Bill
$1,848
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 | $1,936 | $2,719 | $3,317 | $3,665 | $3,998 |
Source: Ownwell