Lewistown, Ohio Property Taxes
The median property tax rate in Lewistown, OH is 1.74%, slightly lower than the Ohio state median of 1.80% but significantly higher than the national median of 0.99%. With the median home value in Lewistown at $118,900, the typical annual property tax bill reaches $1,989, which is still below the national median of $2,690. Property taxes in Lewistown are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lewistown'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 Lewistown or another part of Logan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewistown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$2,069
Ownwell’s Lewistown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lewistown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewistown to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Logan County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Lewistown, Ohio
Property taxes in Lewistown, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewistown is 1.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lewistown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewistown 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 Lewistown's effective property tax rate to other regions in Ohio and the national median. For comparison, the 43333 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these regions compare with Lewistown provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewistown Tax Rate
1.74%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewistown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43333 | 0.83% | 1.43% | 1.74% | 1.87% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Lewistown, Ohio
In Lewistown, 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 Logan 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 Lewistown, 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. For instance, the median home price in Lewistown is $118,900, with tax bills ranging from $1,114 at the 25th percentile to $4,564 at the 90th percentile. 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 Lewistown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lewistown Assessed Value
$118,900
Average Logan County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewistown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43333 | $20,622 | $63,045 | $118,900 | $207,955 | $386,540 |
Source: Ownwell
Property Tax Bills Across Lewistown, Ohio
In Lewistown, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the Logan County assessor. This assessed value is typically a percentage of the home's market value. Homeowners in Lewistown can expect their tax bills to vary significantly depending on the value of their property. For instance, the median home price in Lewistown is $118,900. Tax bills in the 25th percentile are around $1,114, while those in the 75th percentile can reach up to $3,164. The highest tax bills, found in the 90th percentile, can be as much as $4,564. Several factors influence these tax bills, including the property's location within the county, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Lewistown's tax rates reflect the local economic conditions and funding needs for public services. Homeowners must consider these taxes as a significant annual expense, impacting their overall cost of owning property in the area.
Average Lewistown Tax Bill
$1,989
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewistown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43333 | $396 | $1,114 | $1,989 | $3,164 | $4,564 |
Source: Ownwell