Monclova, Lucas County, Ohio Property Taxes

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

Median Monclova, OH effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Monclova, OH home value: $290,750
Median annual Monclova, OH tax bill: $5,894, $3,494 higher than the national median property tax bill of $2,400.

How are property taxes in Lucas County calculated?

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

Last Updated March 1, 2025

Monclova, Lucas County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.05%

Estimate Property Tax Bill

$5,960

$5,531

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

Property Tax Rates Across Monclova, Lucas County, Ohio

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their required budget for services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Monclova, located in Lucas County, Ohio, the effective property tax rate stands at 2.05%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Ohio, Monclova's rate is consistent with the state's highest median tax rate, reflecting the same 2.05% found in other regions within the area. This might be attributed to the specific budgetary needs or the total value of taxable property in the locality. While property tax rates can vary due to local fiscal requirements, Monclova's rate underscores the importance of understanding regional differences when assessing property tax obligations.

Property Tax Rates Across Monclova, Lucas County, Ohio

Source: Ownwell

1.73%

2.56%

3.40%

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 Monclova Tax Rate

2.05%

Median Effective Lucas County Tax Rate

2.38%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monclova, Lucas County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43542	1.87%	2.01%	2.05%	2.10%	2.24%

Source: Ownwell

Property Tax Assessment Values Across Monclova, Lucas County, Ohio

When examining property taxes in Monclova, Ohio, 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 Lucas 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 Lucas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Monclova. For example, the median home price in Monclova is $290,750, with tax bills ranging significantly across the county. Zip code 43542 has the highest median home price at $290,750.

Property Tax Assessment Values Across Monclova, Lucas County, Ohio

Source: Ownwell

$45,600

$218,800

$392,000

Median Monclova Market Value

$290,750

Median Lucas County Market Value

$95,600

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monclova, Lucas County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43542	$120,020	$190,900	$290,750	$364,675	$461,950

Source: Ownwell

Property Tax Bills Across Monclova, Lucas County, Ohio

In Monclova, located in Lucas County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Monclova experience a range of property tax bills, with the 25th percentile at $3,853 and the 75th percentile at $7,513, which reflects the variation in property values and tax rates across the area. The median property tax bill in the highest and lowest zip code within the region is consistent at $5,894, which is above the national median of $2,400. This can significantly impact homeowners, as higher property taxes can increase the overall cost of homeownership. Ownwell offers valuable services to help homeowners in Monclova reduce their property tax bills by providing expert guidance on appealing assessments and identifying potential exemptions. By leveraging Ownwell's expertise, homeowners can potentially save money and alleviate the financial burden of high property taxes.

Property Tax Bills Across Monclova, Lucas County, Ohio

Source: Ownwell

$1,309

$7,207

$13,105

Median Monclova Tax Bill

$5,894

Median Lucas County Tax Bill

$2,348

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Monclova, Lucas County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43542	$2,499	$3,853	$5,894	$7,513	$9,646

Source: Ownwell