Avon, Ohio Property Taxes
The median property tax rate in Avon, OH is 1.92%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Avon at $302,025, the typical annual property tax bill reaches $5,756, exceeding the national median of $2,690. Property taxes in Avon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Avon'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 Avon 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
Avon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$5,799
$5,381
Ownwell’s Avon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon 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 Avon, Ohio
Property taxes in Avon, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 1.92%, significantly higher than the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary across different neighborhoods. Each year, Avon 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. Understanding how Avon’s effective property tax rate compares to other areas in Lorain County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
1.92%
Average Lorain County Tax Rate
1.82%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44011 | 1.74% | 1.92% | 1.92% | 1.92% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Avon, Ohio
In Avon, 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 in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lorain 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 Avon, 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 Avon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 44011 has both the highest and lowest median tax bill, valued at $5,756.
Average Avon Assessed Value
$302,025
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 Avon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44011 | $141,856 | $209,935 | $302,080 | $381,455 | $478,516 |
Source: Ownwell
Property Tax Bills Across Avon, Ohio
In Avon, Lorain County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. Homeowners in Avon face a median property tax rate of 0.99%, aligning with the national median. For a home with a median price of $302,025, the property tax bill can vary significantly. The tax bill in the 25th percentile is around $3,879, while those in the 75th percentile can expect to pay approximately $7,290. At the 90th percentile, the tax bill reaches up to $9,131. The highest and lowest median tax bills in the area are both $5,756, found in the zip code 44011. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners budget effectively and anticipate annual expenses.
Average Avon Tax Bill
$5,756
Average Lorain County Tax Bill
$2,507
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44011 | $2,646 | $3,880 | $5,756 | $7,291 | $9,131 |
Source: Ownwell