Elyria, Lorain County, Ohio Property Taxes

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

Median Elyria, OH effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Elyria, OH home value: $104,120
Median annual Elyria, OH tax bill: $1,954, $446 lower than the national median property tax bill of $2,400.

How are property taxes in Lorain County calculated?

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

Last Updated March 1, 2025

Elyria, Lorain County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$1,978

$1,836

Ownwell’s Elyria Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elyria with just two data points. By entering your property's estimated assessed value, our calculator applies Elyria’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 Lorain County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elyria, Lorain County, Ohio

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budget to provide services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, involving votes and laws, is the foundation of setting tax rates and budgets annually. Elyria, located in Lorain County, Ohio, has an effective property tax rate of 1.90%, which is notably higher than the national median of 1.02%. This rate is consistent across the zip code 44035, illustrating uniformity within the area. When comparing Elyria’s rate to the Ohio state median, it aligns with the highest and lowest median tax rates in the state, both at 1.90%. Despite the uniformity within Elyria, this rate is significantly above the national median, impacting property owners' tax bills more heavily compared to the average U.S. homeowner. Understanding these rates can be crucial for property owners considering tax appeals or exemptions to manage their financial obligations effectively.

Property Tax Rates Across Elyria, Lorain County, Ohio

Source: Ownwell

1.41%

1.73%

2.05%

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 Elyria Tax Rate

1.90%

Median Effective Lorain County Tax Rate

1.82%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elyria, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44035	1.43%	1.69%	1.90%	1.95%	1.98%
44074	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Elyria, Lorain County, Ohio

When examining property taxes in Elyria, 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 Lorain County appraisal district 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.

In Lorain County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Elyria. For example, the median home price in Elyria is $104,120, with tax bills ranging significantly across the county. Zip code 44035 has the highest median home price at $104,125.

Property Tax Assessment Values Across Elyria, Lorain County, Ohio

Source: Ownwell

$15,750

$159,090

$302,430

Median Elyria Market Value

$104,120

Median Lorain County Market Value

$141,300

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elyria, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44035	$46,388	$72,420	$104,125	$146,690	$192,908
44074	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Elyria, Lorain County, Ohio

In Elyria, located in Lorain County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Elyria face a median property tax bill of $1,954, which is lower than the national median of $2,400. However, the tax bills can vary significantly, with the 25th percentile at $1,377 and the 90th percentile reaching $3,490. Several factors influence these variations, including changes in property value, local government budgets, and voter-approved levies. Higher tax bills can place a financial burden on homeowners, affecting their overall cost of living. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax bills. By analyzing comparable sales and identifying discrepancies in assessments, Ownwell helps ensure that homeowners are not overpaying on their property taxes, offering a valuable opportunity for savings.

Property Tax Bills Across Elyria, Lorain County, Ohio

Source: Ownwell

$286

$3,021

$5,756

Median Elyria Tax Bill

$1,954

Median Lorain County Tax Bill

$2,507

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Elyria, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44035	$962	$1,377	$1,954	$2,690	$3,490
44074	N/A	N/A	N/A	N/A	N/A

Source: Ownwell