North Lawrence, Ohio Property Taxes
The median property tax rate in North Lawrence, OH is 1.68%, considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in North Lawrence at $156,300, the typical annual property tax bill reaches $704, which is significantly below the national median of $2,690. Property taxes in North Lawrence are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Lawrence'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 North Lawrence 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
North Lawrence, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s North Lawrence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Lawrence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Lawrence 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 North Lawrence, Ohio
Property taxes in North Lawrence, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Lawrence is 1.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Lawrence set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Lawrence 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 North Lawrence's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44666 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these areas compare with North Lawrence provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Lawrence Tax Rate
1.68%
Average Stark County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Lawrence, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44666 | 0.77% | 0.99% | 1.68% | 3.93% | 7.63% |
Source: Ownwell
Property Tax Assessment Values Across North Lawrence, Ohio
In North Lawrence, 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 Stark 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. 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 North Lawrence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $156,300, with tax bills ranging from $251 at the 25th percentile to $4,646 at the 90th percentile. The zip code with the highest and lowest median tax bill is 44666, with a value of $704.
Average North Lawrence Assessed Value
$156,300
Average Stark County Assessed Value
$128,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Lawrence, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44666 | $42,000 | $80,450 | $156,300 | $266,800 | $375,600 |
Source: Ownwell
Property Tax Bills Across North Lawrence, Ohio
In North Lawrence, Stark County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $156,300, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or abatements. In North Lawrence, the tax bills can vary significantly, with the 25th percentile at $251 and the 75th percentile reaching $1,683. At the higher end, the 90th percentile tax bill is $4,646. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in North Lawrence may find their tax bills higher or lower than the national median property tax rate of 0.99%, affecting their annual financial planning and overall cost of homeownership.
Average North Lawrence Tax Bill
$704
Average Stark County Tax Bill
$801
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Lawrence, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44666 | $29 | $251 | $704 | $1,683 | $4,646 |
Source: Ownwell