Leesburg, Ohio Property Taxes
The median property tax rate in Leesburg, OH is 1.34%, which is considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $102,500 in Leesburg, the typical annual property tax bill amounts to $1,311, falling below the national median of $2,690. Property taxes in Leesburg are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Leesburg'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 Leesburg or another part of Highland County, understanding 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
1.34%
Estimate Property Tax Bill
$1,374
$1,275
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 Highland County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Leesburg, Ohio
Property taxes in Leesburg, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesburg is 1.34%, higher than both the Ohio state median and 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 counties in Ohio and the national median. For comparison, the 45135 zip code has both the highest and lowest median property tax rates at 1.34%. Understanding how these cities compare with Leesburg provides valuable insights into the varying tax landscape across Highland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leesburg Tax Rate
1.34%
Average Highland County Tax Rate
1.23%
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 | 0.77% | 1.17% | 1.34% | 1.37% | 1.40% |
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 Highland 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 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. Notably, the highest median tax bill is $1,311 in the 45135 zip code, while the lowest median tax bill also stands at $1,311 in the same zip code.
Average Leesburg Assessed Value
$102,500
Average Highland County Assessed Value
$82,400
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 | $11,370 | $44,475 | $102,500 | $167,250 | $261,040 |
Source: Ownwell
Property Tax Bills Across Leesburg, Ohio
In Leesburg, Highland County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is a percentage of the property's market value, reflecting various factors such as location, property size, and improvements. The local tax rate, or millage rate, is then applied to the assessed value to determine the annual tax bill. For homeowners in Leesburg, the median home price is $102,500. Tax bills can vary significantly, with the 25th percentile at $533 and the 75th percentile reaching $2,094. The highest median tax bill in the area is $1,311, found in the 45135 zip code. These taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Leesburg experience a range of tax obligations, reflecting the diverse property values and local tax policies.
Average Leesburg Tax Bill
$1,311
Average Highland County Tax Bill
$971
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 | $138 | $533 | $1,311 | $2,094 | $2,954 |
Source: Ownwell