Lorain County, Ohio Property Taxes
The median property tax rate in Lorain County is 1.82%, which is significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Lorain County at $141,300, the typical annual property tax bill reaches $2,507, which is just below the national median of $2,690. Property taxes in Lorain County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lorain County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Elyria or another part of Lorain County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lorain County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$2,572
$2,386
Ownwell’s Lorain Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lorain with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Lorain to provide an accurate estimate of your property tax bill. This tool is invaluable for understanding potential tax liabilities and planning your finances accordingly. To explore trends at a more granular level, navigate to our local informational page for city-specific insights. Your property's assessed value, determined by the county, includes any applicable exemptions, ensuring a precise calculation of your property tax obligations.
Property Tax Rates Across Lorain County, Ohio
Property taxes in Lorain County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lorain County is 1.82%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lorain County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lorain County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lorain County's effective property tax rate with other counties in Ohio and the national median. For comparison, the city of Sheffield Lake has one of the higher property tax rates in Ohio at 2.05%, while the city of Nova boasts one of the lowest at 1.41%. Analyzing how Lorain County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lorain County Tax Rate
1.82%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lorain County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | 1.37% | 1.59% | 1.61% | 1.65% | 1.69% |
| Avon | 1.74% | 1.92% | 1.92% | 1.92% | 1.96% |
| Avon Lake | 1.67% | 1.84% | 1.84% | 1.84% | 1.89% |
| Columbia Station | 1.47% | 1.67% | 1.71% | 1.74% | 1.99% |
| Elyria | 1.43% | 1.69% | 1.90% | 1.95% | 1.98% |
| Grafton | 1.44% | 1.63% | 1.68% | 1.73% | 1.78% |
| Kipton | 1.32% | 1.82% | 1.84% | 1.88% | 1.90% |
| Lagrange | 1.54% | 1.70% | 1.76% | 1.80% | 2.02% |
| Litchfield | 1.59% | 1.75% | 1.76% | 1.77% | 1.79% |
| Lorain | 1.30% | 1.66% | 1.79% | 1.83% | 1.83% |
| Medina | 1.47% | 1.72% | 1.73% | 1.76% | 1.78% |
| New London | 1.35% | 1.41% | 1.45% | 1.64% | 1.66% |
| North Ridgeville | 1.58% | 1.82% | 1.82% | 1.83% | 1.86% |
| Nova | 1.40% | 1.40% | 1.41% | 1.41% | 1.43% |
| N Ridgeville | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
| Oberlin | 1.51% | 1.66% | 1.82% | 1.89% | 1.94% |
| Sheffield Lake | 1.64% | 2.05% | 2.05% | 2.10% | 2.10% |
| Sheffield Village | 1.62% | 1.89% | 1.89% | 1.89% | 1.94% |
| South Amherst | 1.31% | 1.59% | 1.62% | 1.64% | 1.67% |
| Spencer | 1.49% | 1.63% | 1.64% | 1.76% | 1.80% |
| Sullivan | 1.41% | 1.63% | 1.64% | 1.67% | 1.69% |
| Valley City | 1.71% | 1.71% | 1.71% | 1.72% | 1.72% |
| Vermilion | 1.48% | 1.64% | 1.81% | 1.86% | 1.93% |
| Wakeman | 1.47% | 1.64% | 1.65% | 1.67% | 1.69% |
| Wellington | 1.37% | 1.54% | 1.59% | 1.64% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Lorain County, Ohio
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Lorain County, Ohio. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lorain County Appraisal District. The assessed value, however, 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. Assessment notices in Lorain County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Avon has the highest median tax bill at $5,756, while North Ridgeville has the lowest at $286. Being aware of these valuation processes in Lorain County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lorain County Assessed Value
$141,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lorain County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | $70,064 | $125,088 | $164,540 | $229,622 | $285,702 |
| Avon | $141,829 | $209,880 | $302,025 | $381,472 | $478,615 |
| Avon Lake | $113,242 | $161,820 | $250,710 | $358,740 | $475,484 |
| Columbia Station | $106,810 | $146,738 | $223,425 | $335,200 | $442,705 |
| Elyria | $46,300 | $72,420 | $104,120 | $146,690 | $192,880 |
| Grafton | $94,290 | $129,235 | $179,550 | $274,645 | $358,920 |
| Kipton | $20,276 | $59,660 | $80,950 | $105,950 | $141,080 |
| Lagrange | $81,156 | $127,220 | $185,730 | $259,600 | $335,264 |
| Litchfield | $163,235 | $222,980 | $268,685 | $328,268 | $365,295 |
| Lorain | $41,470 | $56,950 | $75,820 | $109,350 | $156,918 |
| Medina | $92,786 | $113,520 | $149,220 | $204,220 | $260,580 |
| New London | $95,390 | $132,165 | $173,540 | $237,688 | $277,913 |
| North Ridgeville | $109,021 | $139,838 | $197,265 | $261,422 | $320,578 |
| Nova | $125,080 | $166,420 | $221,280 | $250,220 | $267,180 |
| N Ridgeville | $4,248 | $6,100 | $15,750 | $15,750 | $26,596 |
| Oberlin | $71,600 | $109,515 | $154,970 | $219,535 | $292,370 |
| Sheffield Lake | $33,750 | $91,780 | $112,400 | $140,650 | $186,940 |
| Sheffield Village | $103,875 | $144,540 | $200,100 | $252,482 | $316,235 |
| South Amherst | $80,442 | $102,400 | $124,520 | $153,630 | $209,988 |
| Spencer | $83,530 | $171,560 | $243,950 | $280,532 | $321,705 |
| Sullivan | $118,136 | $148,615 | $225,820 | $295,725 | $346,396 |
| Valley City | $238,422 | $264,740 | $302,430 | $329,820 | $375,070 |
| Vermilion | $49,805 | $86,445 | $144,235 | $222,460 | $291,529 |
| Wakeman | $108,172 | $152,988 | $216,800 | $277,972 | $329,262 |
| Wellington | $67,938 | $112,480 | $163,070 | $225,240 | $291,350 |
Source: Ownwell
Property Tax Bills Across Lorain County, Ohio
Property tax bills in Lorain County, OH, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Local tax rates, which can vary by municipality, are then applied to this assessed value. For instance, homeowners in Avon face one of the highest median tax bills in the county at $5,756, while those in North Ridgeville see much lower median bills around $286. The median home price in Lorain County stands at $141,300, and tax bills can range significantly. Homeowners in the 25th percentile pay approximately $1,559, while those in the 75th percentile see bills around $4,024. At the 90th percentile, tax bills can reach up to $5,946. These variations are influenced by factors such as property location, local tax rates, and any applicable exemptions. Understanding these elements is crucial for homeowners as property taxes can significantly impact overall housing costs.
Average Lorain County Tax Bill
$2,507
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lorain County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amherst | $1,600 | $2,059 | $2,697 | $3,706 | $4,595 |
| Avon | $2,646 | $3,879 | $5,756 | $7,290 | $9,131 |
| Avon Lake | $2,034 | $2,923 | $4,557 | $6,580 | $8,741 |
| Columbia Station | $1,634 | $2,403 | $3,524 | $5,468 | $7,277 |
| Elyria | $962 | $1,377 | $1,954 | $2,690 | $3,490 |
| Grafton | $1,501 | $2,121 | $2,975 | $4,511 | $5,948 |
| Kipton | $334 | $928 | $1,464 | $1,907 | $2,575 |
| Lagrange | $1,592 | $2,295 | $3,182 | $4,433 | $5,660 |
| Litchfield | $2,898 | $3,821 | $4,531 | $5,783 | $6,526 |
| Lorain | $685 | $958 | $1,313 | $1,878 | $2,669 |
| Medina | $1,640 | $1,951 | $2,638 | $3,467 | $4,573 |
| New London | $1,433 | $1,945 | $2,655 | $3,631 | $4,447 |
| North Ridgeville | $1,888 | $2,472 | $3,510 | $4,722 | $5,763 |
| Nova | $1,788 | $2,343 | $3,098 | $3,418 | $3,739 |
| N Ridgeville | $286 | $286 | $286 | $286 | $597 |
| Oberlin | $1,266 | $1,899 | $2,701 | $3,826 | $5,065 |
| Sheffield Lake | $675 | $1,730 | $2,234 | $2,804 | $3,759 |
| Sheffield Village | $1,896 | $2,602 | $3,686 | $4,714 | $5,926 |
| South Amherst | $1,193 | $1,584 | $1,920 | $2,454 | $3,296 |
| Spencer | $1,691 | $2,939 | $3,973 | $4,579 | $5,250 |
| Sullivan | $1,722 | $2,329 | $3,483 | $4,854 | $5,688 |
| Valley City | $4,093 | $4,538 | $5,055 | $5,634 | $6,531 |
| Vermilion | $832 | $1,511 | $2,408 | $3,852 | $5,178 |
| Wakeman | $1,777 | $2,400 | $3,512 | $4,540 | $5,431 |
| Wellington | $1,207 | $1,789 | $2,604 | $3,644 | $4,748 |
Source: Ownwell