Lima, Allen County, Ohio Property Taxes
Property Taxes in Lima, Ohio
Median Lima, Ohio effective property tax rate: 1.46%, significantly lower than the national median of 1.02%, and lower than the Ohio state median of 1.60%.
Median Lima, Ohio home value: $128,100
Median annual Lima, Ohio tax bill: $1,790, lower than the national median property tax bill of $2,400.
How are property taxes in Allen calculated?
Property taxes in Lima, Ohio are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lima's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lima, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lima, Allen County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.46%
Estimate Property Tax Bill
$1,870
$1,736
How Does the Lima Property Tax Calculator Work?
Use this Lima property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lima's median effective tax rate of 1.46% — based on actual property records in Allen County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lima's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lima: rates range from $570.00 in 45804 to $3,055.00 in 45806, primarily due to differences in school district levies and local assessment districts. Lima's median tax rate is higher than the Ohio median tax rate of 1.60%, while the median tax bill of $1,790 is lower than the state median tax bill by $610.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lima.
About Lima Property Taxes
About Property Taxes in Lima, Allen, Ohio
Lima’s median effective property tax rate of 1.46% is lower than the Ohio state median of 1.60% and higher than the national median of 1.02%. This rate reflects the Allen County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lima. Homeowners in the 45806 ZIP code carry a median effective rate of 1.71%, while those in 45801 pay 1.39%. This spread — 0.32 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Allen County. Understanding which part of Lima you live in can make a meaningful difference to your annual tax bill.
Lima homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lima, Allen County, Ohio
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Lima's effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lima Tax Rate
1.46%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Allen County Tax Rate
1.39%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lima, Allen County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45801 | 1.16% | 1.28% | 1.39% | 1.53% | 1.62% |
| 45804 | 1.11% | 1.35% | 1.46% | 1.55% | 1.74% |
| 45805 | 1.22% | 1.27% | 1.42% | 1.71% | 1.74% |
| 45806 | 1.31% | 1.38% | 1.71% | 1.74% | 1.88% |
| 45807 | 1.28% | 1.40% | 1.52% | 1.55% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Lima, Allen County, Ohio
When examining property taxes in Lima, Ohio, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Allen County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Allen County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lima.
For example, the median home price in Lima is $128,100, with tax bills ranging significantly across the county. 45807 has the highest median home price at $197,400.
Property Tax Assessment Values Across Lima, Allen County, Ohio
Source: Ownwell
$39,400
$158,450
$277,500
Median Lima Market Value
$128,100
Median Allen County Market Value
$135,000
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lima, Allen County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45801 | $38,200 | $58,900 | $95,200 | $152,950 | $235,620 |
| 45804 | $19,100 | $26,200 | $39,400 | $98,100 | $178,140 |
| 45805 | $61,010 | $96,100 | $143,250 | $209,200 | $294,490 |
| 45806 | $109,770 | $146,675 | $189,550 | $242,175 | $326,790 |
| 45807 | $76,900 | $139,300 | $197,400 | $266,500 | $350,980 |
Source: Ownwell
Property Tax Bills Across Lima, Allen County, Ohio
How are property tax bills calculated in Lima, Ohio?
Property tax bills in Lima are based on the assessed value of a home, not the market price alone. Local taxing authorities apply tax rates to that assessed value to determine the bill, and those rates can vary by location within Allen County. Factors such as the home’s value, the tax rate, and any local levies all play a role in the final amount.
For a median home price of $128,100, the property tax bill can differ widely across the city. The 25th percentile tax bill is $879, while the 75th percentile is $3,077. At the high end, the 90th percentile reaches $4,371. Median tax bills also vary by ZIP code, from $570 in 45804 to $3,055 in 45806.
For homeowners, this means two similar homes can face very different bills depending on where they are located and how they are assessed. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Lima homeowners may see bills that are lower or significantly higher depending on the property.
Median Lima Tax Bill
$1,790
Median Allen County Tax Bill
$1,805
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Lima, Allen County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45801 | $506 | $789 | $1,276 | $2,182 | $3,404 |
| 45804 | $264 | $385 | $570 | $1,423 | $2,622 |
| 45805 | $815 | $1,261 | $1,976 | $3,226 | $4,856 |
| 45806 | $1,596 | $2,276 | $3,055 | $3,961 | $5,228 |
| 45807 | $1,110 | $2,028 | $2,873 | $3,944 | $5,273 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Allen Tax Assessor | |
| Website | allencountyohpropertytax.com |