Leesburg, Ohio Property Taxes
The median property tax rate in Leesburg, Ohio, is 1.78%, which is notably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With the median home value in Leesburg at $143,975, the typical annual property tax bill amounts to $2,450, which is below the national median of $2,690. Property taxes in Leesburg are determined based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Leesburg's property tax system, exploring available exemptions, and finding reduction opportunities can result in substantial annual savings. Whether you're residing in the heart of Leesburg or another part of the city, gaining a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leesburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$2,563
Ownwell’s Leesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leesburg 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 Leesburg, Ohio
Property taxes in Leesburg, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesburg is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Leesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leesburg 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 Leesburg's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45135 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these areas compare with Leesburg provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leesburg Tax Rate
1.78%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leesburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45135 | 1.42% | 1.60% | 1.78% | 1.90% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Leesburg, Ohio
In Leesburg, 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 local 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 Leesburg, 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 Leesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Leesburg is $2,450 in the 45135 zip code, while the lowest median tax bill is also $2,450 in the same zip code.
Average Leesburg Assessed Value
$143,975
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leesburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45135 | $36,645 | $89,872 | $143,975 | $167,112 | $225,440 |
Source: Ownwell
Property Tax Bills Across Leesburg, Ohio
In Leesburg, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Clinton County, the median home price is $143,975. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,466 and the 75th percentile at $3,115. The tax bill for the 90th percentile reaches up to $3,379. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax bill is calculated can help in financial planning and potentially identifying opportunities for tax relief. Comparing the local tax rate to the national median of 0.99% can also provide context for how these rates impact overall affordability in the region.
Average Leesburg Tax Bill
$2,450
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Leesburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45135 | $722 | $1,466 | $2,450 | $3,115 | $3,379 |
Source: Ownwell