Laings, Ohio Property Taxes
The median property tax rate in LAINGS, OH is 1.04%, slightly above the national median of 0.99%, yet significantly lower than the Ohio state median of 1.80%. With the median home value in LAINGS at $9,875, the typical annual property tax bill is $102, which is well below the national median of $2,690. Property taxes in LAINGS are determined based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding LAINGS' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of LAINGS or another part of Monroe County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laings, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$103
Ownwell’s Laings Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laings 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 Laings, Ohio
Property taxes in LAINGS, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LAINGS is 1.04%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within LAINGS set these rates annually, and they can vary significantly across different neighborhoods. Each year, LAINGS 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 LAINGS' effective property tax rate to other counties in Ohio and the national median. For comparison, the 43752 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with LAINGS provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laings Tax Rate
1.04%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laings, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43752 | 1.03% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Laings, Ohio
In Laings, 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 Monroe 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 Laings, 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 Laings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $102.00, found in the zip code 43752.
Average Laings Assessed Value
$9,875
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laings, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43752 | $3,510 | $4,622 | $9,875 | $34,808 | $232,232 |
Source: Ownwell
Property Tax Bills Across Laings, Ohio
In Laings, Monroe County, OH, property tax bills are determined through a combination of assessed property value and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $9,875, homeowners can expect varying tax bills. The 25th percentile tax bill is around $48, while the 75th percentile reaches $360, and the 90th percentile can be as high as $1,592. These figures highlight the range of property tax burdens in the area. Compared to the national median property tax rate of 0.99%, Monroe County's rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets more effectively. The highest and lowest median tax bills in the region both stand at $102, providing a reference point for what residents might expect to pay.
Average Laings Tax Bill
$102
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Laings, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43752 | $36 | $48 | $102 | $360 | $1,592 |
Source: Ownwell