Lagrange, Ohio Property Taxes
The median property tax rate in LaGrange, OH is 1.76%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in LaGrange at $185,730, the typical annual property tax bill reaches $3,182, exceeding the national median of $2,690. Property taxes in LaGrange 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 LaGrange'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 LaGrange 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
Lagrange, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$3,269
Ownwell’s LaGrange Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LaGrange with just two key inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in LaGrange to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you’re well-prepared for any financial obligations. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Lagrange, Ohio
Property taxes in Lagrange, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lagrange is 1.76%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lagrange set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lagrange 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 Lagrange's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44050 zip code has both the highest and lowest median property tax rate of 1.76%. Understanding how these cities compare with Lagrange provides valuable insights into the varying tax landscape across Lorain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lagrange Tax Rate
1.76%
Average Lorain County Tax Rate
1.82%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lagrange, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44050 | 1.54% | 1.70% | 1.76% | 1.80% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Lagrange, Ohio
In LaGrange, 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 Lorain County Auditor 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 LaGrange, 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 LaGrange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in LaGrange is $3182 in the 44050 zip code, while the lowest is also $3182 in the same zip code.
Average Lagrange Assessed Value
$185,730
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 Lagrange, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44050 | $81,156 | $127,220 | $185,730 | $259,600 | $335,264 |
Source: Ownwell
Property Tax Bills Across Lagrange, Ohio
In Lagrange, Lorain County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assesses this value to determine the property tax owed. Several factors influence the tax bill, including local tax rates, property assessments, and any applicable exemptions. Homeowners in Lagrange face a median property tax bill that can range from $2,295 at the 25th percentile to $4,433 at the 75th percentile, with the 90th percentile reaching as high as $5,660. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the local tax environment. The highest median tax bill in the area is $3,182, found in the 44050 zip code. These taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting homeowners' financial planning and the overall cost of homeownership in the region.
Average Lagrange Tax Bill
$3,182
Average Lorain County Tax Bill
$2,507
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lagrange, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44050 | $1,592 | $2,295 | $3,182 | $4,433 | $5,660 |
Source: Ownwell