Lewisville, Ohio Property Taxes
The median property tax rate in Lewisville, OH is 1.01%, slightly above the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $97,530 in Lewisville, the typical annual property tax bill amounts to $802, which is well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. By comprehending Lewisville's property tax system, exploring available exemptions, and finding opportunities for reductions, homeowners can achieve substantial annual savings. This knowledge is beneficial whether you reside in the heart of Lewisville or another part of Monroe County, aiding both homeowners and real estate investors in managing their property tax obligations effectively.
Last Updated June 14, 2024
Lewisville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$985
Ownwell’s Lewisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewisville 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 Lewisville, Ohio
Property taxes in Lewisville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewisville is 1.01%, slightly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Lewisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewisville 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 Lewisville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43754 zip code has the highest median property tax rate of 1.01%, while the 45734 zip code has the lowest median tax rate of 0.99%. Understanding how these cities compare with Lewisville 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 Lewisville Tax Rate
1.01%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43754 | 0.48% | 0.78% | 1.01% | 1.03% | 1.13% |
| 45734 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Lewisville, Ohio
In Lewisville, 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 Lewisville, 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 Lewisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lewisville is $97,530, with tax bills ranging from $334 at the 25th percentile to $2,078 at the 90th percentile. The zip code with the highest and lowest median tax bill is 43754, with a median tax bill of $802.
Average Lewisville Assessed Value
$97,530
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 Lewisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43754 | $6,260 | $37,400 | $98,260 | $179,680 | $270,680 |
| 45734 | $3,140 | $3,140 | $3,140 | $3,140 | $3,140 |
Source: Ownwell
Property Tax Bills Across Lewisville, Ohio
In Lewisville, Monroe County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Lewisville, the median home price is $97,530. Property taxes can vary significantly, with the 25th percentile tax bill at $334 and the 75th percentile reaching $1,395. The highest median tax bill in the area is $802, found in the zip code 43754. Several factors influence a homeowner's tax bill, including property size, location, and any applicable exemptions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Lewisville's rates offer a relatively affordable option for homeowners, though individual bills can vary widely based on property specifics and local assessments. This variability can significantly impact homeowners' annual expenses and budget planning.
Average Lewisville Tax Bill
$802
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43754 | $69 | $337 | $802 | $1,396 | $2,079 |
| 45734 | $31 | $31 | $31 | $31 | $31 |
Source: Ownwell