Norwalk, Erie County, Ohio Property Taxes
Median Norwalk, OH effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Norwalk, OH home value: $173,820
Median annual Norwalk, OH tax bill: $2,338, $62 lower than the national median property tax bill of $2,400.
How are property taxes in Erie calculated?
Property taxes in Norwalk, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Norwalk’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norwalk, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Norwalk, Erie County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.47%
Estimate Property Tax Bill
$2,555
$2,371
Ownwell’s Norwalk Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norwalk with just two data points.
By entering your property's estimated assessed value, our calculator applies Norwalk’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Erie County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Norwalk, Erie County, Ohio
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Comparing Norwalk’s effective property tax rate to other cities in Ohio, it's important to note how it stacks up against both state and national medians. Norwalk's rate aligns with Erie County’s highest and lowest median tax rates, both standing at 1.47%. This rate is higher than the national median property tax rate of 1.02%. The national median property tax bill is $2400, which provides a useful benchmark for comparison. Understanding how Norwalk’s property tax rate compares to state and national figures can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Norwalk Tax Rate
1.47%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Erie County Tax Rate
1.63%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Norwalk, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44857 | 1.10% | 1.41% | 1.47% | 1.48% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Norwalk, Erie County, Ohio
When examining property taxes in Norwalk, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Erie County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Erie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Norwalk. For example, the median home price in Norwalk is $173,820, with tax bills ranging significantly across the county. Zip code 44857 has the highest median home price at $173,820.
Property Tax Assessment Values Across Norwalk, Erie County, Ohio
Source: Ownwell
$50,795
$137,238
$223,680
Median Norwalk Market Value
$173,820
Median Erie County Market Value
$126,310
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Norwalk, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44857 | $75,892 | $119,930 | $173,820 | $228,255 | $325,846 |
Source: Ownwell
Property Tax Bills Across Norwalk, Erie County, Ohio
Median Norwalk Tax Bill
$2,338
Median Erie County Tax Bill
$2,003
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Norwalk, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44857 | $998 | $1,655 | $2,338 | $3,225 | $4,287 |
Source: Ownwell