Lyons, Ohio Property Taxes
The median property tax rate in Lyons, OH is 1.66%, higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $109,100 in Lyons, the typical annual property tax bill is $1,825, which is below the national median of $2,690. Property taxes in Lyons are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lyons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lyons 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
Lyons, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,811
Ownwell’s Lyons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyons 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 Lyons, Ohio
Property taxes in Lyons, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43533 zip code has the highest median property tax rate of 1.66%, while the same 43533 zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Lyons provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyons Tax Rate
1.66%
Average Fulton County Tax Rate
1.94%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43533 | 1.39% | 1.62% | 1.66% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Ohio
In Lyons, 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 Fulton 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 Lyons, 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 Lyons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lyons is $1825.00 in the 43533 zip code, while the lowest median tax bill is also $1825.00 in the same zip code.
Average Lyons Assessed Value
$109,100
Average Fulton County Assessed Value
$117,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyons, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43533 | $26,700 | $73,750 | $109,100 | $152,400 | $215,100 |
Source: Ownwell
Property Tax Bills Across Lyons, Ohio
In Lyons, located in Fulton County, OH, property tax bills are determined based on the assessed value of a home, which is derived from the market value. Homeowners can expect their property tax bill to be influenced by several key factors, including the overall market conditions and any improvements made to the property. The median home price in Lyons is $109,100, and the property tax rate is applied to this assessed value to calculate the tax bill. For homeowners in Lyons, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $1,275, while at the 75th percentile, it rises to approximately $2,581. For those at the 90th percentile, the tax bill can reach up to $3,612. Comparatively, the highest and lowest median tax bills in the county are both $1,825, indicating a relatively consistent tax rate across different areas within the same zip code, 43533. Understanding these factors helps homeowners in Lyons anticipate and manage their property tax obligations effectively.
Average Lyons Tax Bill
$1,825
Average Fulton County Tax Bill
$2,396
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43533 | $625 | $1,275 | $1,825 | $2,581 | $3,612 |
Source: Ownwell