Concord Township, Lake County, Ohio Property Taxes

Name: Property Tax Bills Across Concord Township, Lake County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median CONCORD TOWNSHIP, OH effective property tax rate: 1.02%, aligning with the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median CONCORD TOWNSHIP, OH home value: $254,705
Median annual CONCORD TOWNSHIP, OH tax bill: $2,544, $144 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

Property taxes in CONCORD TOWNSHIP, 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 CONCORD TOWNSHIP’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CONCORD TOWNSHIP, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Concord Township, Lake County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$2,598

$2,411

Ownwell’s Concord Township Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Concord Township with just two data points.

By entering your property's estimated assessed value, our calculator applies Concord Township’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 Lake County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Concord Township, Lake County, Ohio

Local government entities are responsible for setting tax rates, which can vary significantly within Ohio. Annually, each county estimates its budgetary needs for providing services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Concord Township, situated in Lake County, the effective property tax rate is a reflection of this process. Comparing Concord Township’s rate with other cities in Ohio, you’ll find that it aligns closely with the state’s median property tax rate of 1.02%. Interestingly, in Lake County, the highest median tax rate is 1.03% in the zip code 44077, while the lowest is 1.00% in the zip code 44060. These figures are quite close to the national median property tax rate of 1.02% and the national median property tax bill of $2400. Understanding these comparisons can help property owners in Concord Township better grasp how their tax rates measure up both locally and nationally.

Property Tax Rates Across Concord Township, Lake County, Ohio

Source: Ownwell

1.00%

1.79%

2.58%

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 Concord Township Tax Rate

1.02%

Median Effective Lake County Tax Rate

2.03%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Concord Township, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44024	1.02%	1.02%	1.02%	1.02%	1.02%
44060	0.23%	0.77%	1.00%	1.11%	2.62%
44077	0.11%	0.95%	1.03%	2.05%	3.35%

Source: Ownwell

Property Tax Assessment Values Across Concord Township, Lake County, Ohio

When examining property taxes in Concord Township, OH, 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 Lake County Auditor 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. Assessment notices: In Lake 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 Concord Township. For example, the median home price in Concord Township is $254,705, with tax bills ranging significantly across the county. 44077 has the highest median home price at $269,405.

Property Tax Assessment Values Across Concord Township, Lake County, Ohio

Source: Ownwell

$111,175

$393,275

$675,375

Median Concord Township Market Value

$254,705

Median Lake County Market Value

$154,020

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Concord Township, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44024	$140,103	$163,760	$260,595	$368,745	$444,602
44060	$108,910	$137,452	$217,950	$291,388	$367,485
44077	$133,030	$189,235	$269,405	$376,120	$467,917

Source: Ownwell

Property Tax Bills Across Concord Township, Lake County, Ohio

In Concord Township, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $254,705, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is $1,171, while at the 75th percentile, it rises to $4,469. Notably, the highest median tax bill in the area reaches $3,257 in the 44024 zip code, while the lowest is $1,844 in the 44060 zip code. These figures are slightly below the national median property tax bill of $2,400, providing some relief to local homeowners. However, high property taxes can still be burdensome. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By leveraging expert knowledge of local tax codes and providing personalized guidance, Ownwell helps homeowners navigate the complexities of property taxes, ensuring they pay only what is necessary.

Property Tax Bills Across Concord Township, Lake County, Ohio

Source: Ownwell

$178

$9,225

$18,271

Median Concord Township Tax Bill

$2,544

Median Lake County Tax Bill

$1,087

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Concord Township, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44024	$3,257	$3,257	$3,257	$3,257	$3,257
44060	$455	$858	$1,844	$2,847	$5,092
44077	$314	$1,392	$2,769	$4,762	$7,510

Source: Ownwell