Toledo, Lucas County, Ohio Property Taxes

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

Median Toledo, OH effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Toledo, OH home value: $68,800
Median annual Toledo, OH tax bill: $1,789, $611 lower than the national median property tax bill of $2,400.

How are property taxes in Lucas County calculated?

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

Last Updated March 1, 2025

Toledo, Lucas County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$1,672

$1,551

Ownwell’s Toledo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Toledo with just two data points. By entering your property's estimated assessed value, our calculator applies Toledo’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 Toledo, Lucas County, Ohio

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Toledo in Lucas County, Ohio, is a prime example of how property tax rates can differ even within a single region. Toledo’s effective property tax rate is notably higher than the national median of 1.02%, reflecting the local government’s budgetary needs and property values. Within Toledo, the tax rate can vary even further, with the highest median rate reaching 2.65% in the 43617 zip code and the lowest at 2.23% in the 43614 zip code. The median property tax rate in Toledo is 2.43%, significantly above the national median, highlighting the importance of understanding local tax dynamics. By comparing these rates to both state and national figures, property owners can gain valuable insights into how their tax obligations stack up and explore potential savings through property tax appeals.

Property Tax Rates Across Toledo, 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 Toledo Tax Rate

2.43%

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 Toledo, Lucas County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43606	1.75%	2.18%	2.27%	2.59%	4.47%
43611	1.64%	2.21%	2.40%	2.71%	3.45%
43612	1.62%	2.26%	2.37%	2.61%	3.21%
43613	1.80%	2.21%	2.38%	2.56%	2.74%
43614	1.80%	2.15%	2.23%	2.31%	2.47%
43615	1.73%	2.12%	2.34%	2.54%	2.75%
43617	2.22%	2.44%	2.65%	2.67%	2.71%
43620	1.43%	2.16%	2.42%	3.56%	14.42%
43623	1.92%	2.32%	2.51%	2.63%	2.70%
43536	N/A	N/A	N/A	N/A	N/A
43604	N/A	N/A	N/A	N/A	N/A
43605	N/A	N/A	N/A	N/A	N/A
43607	N/A	N/A	N/A	N/A	N/A
43608	N/A	N/A	N/A	N/A	N/A
43609	N/A	N/A	N/A	N/A	N/A
43610	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Toledo, Lucas County, Ohio

When examining property taxes in Toledo, 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 Toledo. For example, the median home price in Toledo is $68,800, with tax bills ranging significantly across the county. Zip code 43617 has the highest median home price at $202,100.

Property Tax Assessment Values Across Toledo, Lucas County, Ohio

Source: Ownwell

$45,600

$218,800

$392,000

Median Toledo Market Value

$68,800

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 Toledo, Lucas County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43606	$22,700	$47,600	$102,400	$151,050	$185,700
43611	$27,670	$54,800	$82,800	$108,200	$138,230
43612	$7,700	$41,000	$59,200	$75,100	$91,300
43613	$41,500	$66,475	$90,800	$110,400	$130,400
43614	$69,700	$91,900	$120,100	$150,300	$180,900
43615	$18,100	$57,600	$88,200	$127,400	$180,000
43617	$100,180	$142,000	$202,100	$267,800	$325,520
43620	$22,590	$31,300	$45,600	$82,025	$129,800
43623	$71,600	$91,200	$117,100	$170,625	$258,330
43536	N/A	N/A	N/A	N/A	N/A
43604	N/A	N/A	N/A	N/A	N/A
43605	N/A	N/A	N/A	N/A	N/A
43607	N/A	N/A	N/A	N/A	N/A
43608	N/A	N/A	N/A	N/A	N/A
43609	N/A	N/A	N/A	N/A	N/A
43610	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Toledo, Lucas County, Ohio

In Toledo, Lucas County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Toledo is $68,800, which influences the tax bill homeowners receive. The property tax bill can vary significantly, with the 25th percentile at $986 and the 75th percentile reaching $2,902. Some homeowners, especially those in the 90th percentile, may see bills as high as $4,771. The highest median tax bill in the area is found in the 43617 zip code, at $5,209, while the lowest is in the 43612 zip code, at $1,370. These figures highlight the disparity within the region. Compared to the national median property tax bill of $2,400, Toledo's rates can be both above and below average. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially reducing their tax burdens significantly.

Property Tax Bills Across Toledo, Lucas County, Ohio

Source: Ownwell

$1,309

$7,207

$13,105

Median Toledo Tax Bill

$1,789

Median Lucas County Tax Bill

$2,348

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Toledo, Lucas County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43606	$713	$1,466	$2,538	$3,657	$4,603
43611	$754	$1,309	$1,957	$2,785	$4,038
43612	$290	$941	$1,370	$1,789	$2,515
43613	$932	$1,512	$2,101	$2,621	$3,264
43614	$1,409	$1,951	$2,619	$3,334	$4,118
43615	$450	$1,291	$2,031	$3,049	$4,572
43617	$2,415	$3,591	$5,209	$6,968	$8,560
43620	$499	$894	$1,499	$2,859	$6,363
43623	$1,593	$2,140	$2,800	$4,238	$6,555
43536	N/A	N/A	N/A	N/A	N/A
43604	N/A	N/A	N/A	N/A	N/A
43605	N/A	N/A	N/A	N/A	N/A
43607	N/A	N/A	N/A	N/A	N/A
43608	N/A	N/A	N/A	N/A	N/A
43609	N/A	N/A	N/A	N/A	N/A
43610	N/A	N/A	N/A	N/A	N/A

Source: Ownwell