North Lawrence, Wayne County, Ohio Property Taxes
The median property tax rate in North Lawrence, OH is 1.61%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in North Lawrence at $201,190, the typical annual property tax bill reaches $3,102, surpassing 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, Wayne County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$3,239
$3,006
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, Wayne County, 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 1.61%, 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 counties in Ohio and the national median. For comparison, the 44666 zip code has both the highest and lowest median property tax rate of 1.61%. Understanding how these cities compare with North Lawrence provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Lawrence Tax Rate
1.61%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Lawrence, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44666 | 0.72% | 1.39% | 1.61% | 1.96% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across North Lawrence, Wayne County, 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 Wayne 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 North Lawrence, 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. The median home price in North Lawrence is $201,190, with tax bills ranging from $2,288 at the 25th percentile to $5,051 at the 90th percentile. The highest and lowest median tax bills are both $3,102 in the 44666 zip code. By understanding 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.
Property Tax Assessment Values Across North Lawrence, Wayne County, Ohio
Source: Ownwell
$68,990
$178,305
$287,620
Average North Lawrence Assessed Value
$201,190
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Lawrence, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44666 | $106,360 | $139,895 | $201,190 | $271,948 | $416,593 |
Source: Ownwell
Property Tax Bills Across North Lawrence, Wayne County, Ohio
In North Lawrence, Wayne County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in this area is $201,190. Property taxes are influenced by various factors, including the local tax rate and any applicable exemptions or deductions. The national median property tax rate stands at 0.99%, but local rates can vary. Homeowners in North Lawrence can expect their property tax bills to range significantly. For instance, the 25th percentile tax bill is around $2,288, while the 75th percentile tax bill is approximately $4,175. At the higher end, the 90th percentile tax bill reaches up to $5,051. These amounts can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are determined. The highest and lowest median tax bills in the area both stand at $3,102, reflecting the uniformity in tax assessments within certain zip codes.
Average North Lawrence Tax Bill
$3,102
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Lawrence, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44666 | $1,661 | $2,288 | $3,102 | $4,175 | $5,051 |
Source: Ownwell