Lynx, Ohio Property Taxes
The median property tax rate in LYNX, OH is 1.47%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in LYNX, the typical annual property tax bill is $454, significantly below the national median of $2,690. Property taxes in LYNX are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding LYNX'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 LYNX 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
Lynx, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$487
Ownwell’s LYNX Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LYNX with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LYNX 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 Lynx, Ohio
Property taxes in LYNX, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LYNX is 1.47%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within LYNX set these rates annually, and they can vary significantly across different neighborhoods. Each year, LYNX 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 LYNX's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45650 zip code has the highest median property tax rate of 1.47%, while the 45650 zip code has the lowest median tax rate of 1.47%. Understanding how these cities compare with LYNX provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lynx Tax Rate
1.47%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lynx, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45650 | 0.81% | 1.30% | 1.47% | 1.65% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Lynx, Ohio
In LYNX, 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 Adams 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 LYNX, 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 LYNX helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 45650 has the highest median tax bill at $454.00.
Average Lynx Assessed Value
$33,150
Average Adams County Assessed Value
$61,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lynx, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45650 | $7,620 | $13,400 | $33,150 | $75,775 | $129,460 |
Source: Ownwell
Property Tax Bills Across Lynx, Ohio
In LYNX, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners in LYNX can expect varying tax bills; for instance, the 25th percentile tax bill is around $198, while the 75th percentile reaches $834. The highest median tax bill in the region stands at $454, reflecting the variability in property values and tax rates within the area. Compared to the national median property tax rate of 0.99%, homeowners in LYNX might find their tax bills to be relatively moderate. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding how these factors interplay helps homeowners anticipate their tax obligations and plan accordingly.
Average Lynx Tax Bill
$454
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lynx, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45650 | $117 | $198 | $454 | $834 | $1,588 |
Source: Ownwell