Londonderry, Ohio Property Taxes
The median property tax rate in Londonderry, OH is 1.19%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $76,555, the typical annual property tax bill in Londonderry reaches $866, which is significantly below the national median of $2,690. Property taxes in Londonderry are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Londonderry'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 Londonderry 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
Londonderry, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$911
$845
Ownwell’s Londonderry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Londonderry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Londonderry 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 Londonderry, Ohio
Property taxes in Londonderry, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Londonderry is 1.19%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Londonderry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Londonderry 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 Londonderry's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45647 zip code has the highest median property tax rate of 1.19%, while the 45647 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Londonderry provides valuable insights into the varying tax landscape across Ross County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Londonderry Tax Rate
1.19%
Average Ross County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Londonderry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45647 | 0.85% | 1.14% | 1.19% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Londonderry, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Londonderry, Ohio. 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 Ross 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. 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. For instance, the median home price in Londonderry is $76,555, with tax bills varying significantly. The 25th percentile tax bill is $280, while the 75th percentile tax bill is $1,630, and the 90th percentile tax bill reaches $2,421. Understanding these valuation concepts helps property owners navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively. The zip code with the highest median tax bill is 45647, with a median tax bill of $866.
Average Londonderry Assessed Value
$76,555
Average Ross County Assessed Value
$96,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Londonderry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45647 | $4,823 | $22,598 | $76,555 | $141,710 | $215,937 |
Source: Ownwell
Property Tax Bills Across Londonderry, Ohio
Property tax bills in Londonderry, Ross County, OH, are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Various factors influence the assessed value, including property size, location, and condition. For instance, with a median home price of $76,555, homeowners in Londonderry can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $280, while at the 75th percentile, they rise to about $1,630, and at the 90th percentile, they can reach $2,421. This range highlights how different property values and conditions can lead to varying tax obligations. Compared to the national median property tax rate of 0.99%, Londonderry's tax bills reflect the specific economic and real estate conditions of the area, directly impacting homeowners' annual financial responsibilities.
Average Londonderry Tax Bill
$866
Average Ross County Tax Bill
$1,236
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Londonderry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45647 | $77 | $280 | $866 | $1,630 | $2,421 |
Source: Ownwell