Lisbon, Ohio Property Taxes
The median property tax rate in Lisbon, Ohio is 1.17%, 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 Lisbon at $95,800, the typical annual property tax bill is $1,078, which is below the national median of $2,690. Property taxes in Lisbon are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lisbon'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 Lisbon or another part of Columbiana County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lisbon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,121
$1,040
Ownwell’s Lisbon Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lisbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lisbon 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 Lisbon, Ohio
Property taxes in Lisbon, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lisbon is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lisbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lisbon 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 Lisbon's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44432 zip code has the highest median property tax rate of 1.17%, while the 44432 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Lisbon provides valuable insights into the varying tax landscape across Columbiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lisbon Tax Rate
1.17%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lisbon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44432 | 0.90% | 1.09% | 1.17% | 1.21% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Lisbon, Ohio
In Lisbon, 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 Columbiana 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 Lisbon, 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 Lisbon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lisbon are both $1078, found in the zip code 44432.
Average Lisbon Assessed Value
$95,800
Average Columbiana County Assessed Value
$95,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lisbon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44432 | $25,140 | $62,550 | $95,800 | $138,500 | $201,620 |
Source: Ownwell
Property Tax Bills Across Lisbon, Ohio
In Lisbon, located in Columbiana County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price here is $95,800, and property tax rates are applied to this assessed value to determine the tax bill. Homeowners in Lisbon can expect their property tax bills to vary significantly, with the 25th percentile paying around $682 and the 75th percentile facing bills up to $1,578. At the higher end, the 90th percentile sees tax bills reaching $2,315. These taxes fund essential local services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Lisbon’s property taxes can be a crucial factor for homeowners to consider. This variability in tax bills means that homeowners need to be aware of how their property’s assessed value and the local tax rate impact their annual financial obligations.
Average Lisbon Tax Bill
$1,078
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lisbon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44432 | $265 | $682 | $1,078 | $1,578 | $2,315 |
Source: Ownwell