Lewis Center, Ohio Property Taxes
The median property tax rate in Lewis Center, OH is 1.94%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Lewis Center at $415,000, the typical annual property tax bill reaches $8,030, exceeding the national median of $2,690. Property taxes in Lewis Center 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 Lewis Center'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 Lewis Center or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewis Center, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$8,051
$7,471
Ownwell’s Lewis Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewis Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewis Center 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 Lewis Center, Ohio
Property taxes in Lewis Center, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewis Center is 1.94%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lewis Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewis Center 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 Lewis Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43035 zip code has both the highest and lowest median property tax rate of 1.94%. Understanding how these cities compare with Lewis Center provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewis Center Tax Rate
1.94%
Average Delaware County Tax Rate
1.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewis Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43035 | 1.79% | 1.94% | 1.94% | 1.97% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Lewis Center, Ohio
In Lewis Center, 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 Delaware 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 Lewis Center, 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 Lewis Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $415,000, with the highest median tax bill of $8,030 found in the 43035 zip code.
Average Lewis Center Assessed Value
$415,000
Average Delaware County Assessed Value
$406,400
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewis Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43035 | $175,680 | $322,200 | $415,000 | $503,500 | $601,800 |
Source: Ownwell
Property Tax Bills Across Lewis Center, Ohio
In Lewis Center, Delaware County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Lewis Center experience varying tax bills, with the 25th percentile paying around $5,918 and the 75th percentile facing up to $9,790. For those at the 90th percentile, tax bills can reach $11,790. The local property tax rate in Lewis Center is significantly higher than the national median property tax rate of 0.99%, which can lead to substantial tax bills for homeowners. Factors such as the home's location within Delaware County and its assessed market value play crucial roles in determining the final tax amount. As a result, homeowners must be aware of these variables, as they directly impact their annual financial obligations. High property taxes can influence decisions on home buying and long-term residence in the area.
Average Lewis Center Tax Bill
$8,030
Average Delaware County Tax Bill
$7,016
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewis Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43035 | $3,128 | $5,918 | $8,030 | $9,790 | $11,790 |
Source: Ownwell