Kelleys Island, Erie County, Ohio Property Taxes

Name: Property Tax Bills Across Kelleys Island, Erie County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Kelleys Island, OH effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Kelleys Island, OH home value: $223,680
Median annual Kelleys Island, OH tax bill: $2,127, $273 lower than the national median property tax bill of $2,400.

How are property taxes in Erie calculated?

Property taxes in Kelleys Island, OH 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 Kelleys Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kelleys Island, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kelleys Island, Erie County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$2,103

$1,951

Ownwell’s Kelleys Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kelleys Island with just two data points. By entering your property's estimated assessed value, our calculator applies Kelleys Island’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Erie County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kelleys Island, Erie County, Ohio

Local government entities, such as those in Kelleys Island, Ohio, set tax rates that can vary significantly within the state. This variation arises because each county, including Erie County, estimates its annual budget to provide necessary services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws that influence tax rates and budgets, this is essentially the process each year.

Kelleys Island's effective property tax rate can be compared to other cities in Ohio and the median property tax rates within the state and across the U.S. In Ohio, the median property tax rate is slightly below the national median of 1.02%. This provides a benchmark for property owners to understand how Kelleys Island's rates align with broader trends. Such comparisons can help property owners in Kelleys Island assess their tax obligations and explore potential savings through appeals or exemptions. Understanding these dynamics is crucial for making informed decisions about property tax responsibilities.

Property Tax Rates Across Kelleys Island, Erie County, Ohio

Source: Ownwell

0.94%

1.36%

1.79%

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 Kelleys Island Tax Rate

0.94%

Median Effective Erie County Tax Rate

1.63%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kelleys Island, Erie County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43438	0.92%	0.94%	0.94%	0.94%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Kelleys Island, Erie County, Ohio

When examining property taxes in Kelleys Island, OH, 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 Erie 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 Erie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.

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 Kelleys Island.

For example, the median home price in Kelleys Island is $223,680, with tax bills ranging significantly across the county. 43438 has the highest median home price at $223,680.

Property Tax Assessment Values Across Kelleys Island, Erie County, Ohio

Source: Ownwell

$50,795

$137,238

$223,680

Median Kelleys Island Market Value

$223,680

Median Erie County Market Value

$126,310

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kelleys Island, Erie County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43438	$38,230	$129,100	$223,680	$324,540	$475,978

Source: Ownwell

Property Tax Bills Across Kelleys Island, Erie County, Ohio

In Kelleys Island, located in Erie County, OH, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. Homeowners in Kelleys Island face a median property tax bill of $2,127, which is slightly below the national median of $2,400. However, tax bills can vary significantly, ranging from the 25th percentile at $1,269 to the 90th percentile at $4,490. Factors such as property improvements and neighborhood developments can influence these values. For homeowners, these taxes can represent a significant financial burden. That's where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell can help homeowners potentially reduce their property tax bills. With a deep understanding of local tax codes and valuation methods, Ownwell ensures that homeowners pay only their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Kelleys Island, Erie County, Ohio

Source: Ownwell

$932

$1,760

$2,588

Median Kelleys Island Tax Bill

$2,127

Median Erie County Tax Bill

$2,003

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Kelleys Island, Erie County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43438	$384	$1,269	$2,127	$3,034	$4,490

Source: Ownwell