Milan, Erie County, Ohio Property Taxes
Median Milan, OH effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Milan, OH home value: $159,935
Median annual Milan, OH tax bill: $2,362, $38 lower than the national median property tax bill of $2,400.
How are property taxes in Erie calculated?
Property taxes in Milan, 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 Milan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Milan, Erie County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$2,399
$2,226
Property Tax Rates Across Milan, Erie County, Ohio
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 Milan Tax Rate
1.50%
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 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 Milan, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44846 | 1.21% | 1.47% | 1.50% | 1.63% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Milan, Erie County, Ohio
When examining property taxes in Milan, 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 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.
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 Milan.
For example, the median home price in Milan is $159,935, with tax bills ranging significantly across the county. Zip code 44846 has the highest median home price at $159,935.
Property Tax Assessment Values Across Milan, Erie County, Ohio
Source: Ownwell
$50,795
$137,238
$223,680
Median Milan Market Value
$159,935
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 Milan, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44846 | $58,800 | $109,205 | $159,935 | $235,582 | $331,402 |
Source: Ownwell
Property Tax Bills Across Milan, Erie County, Ohio
Property tax bills in Milan, located in Erie County, Ohio, are determined by assessing the property's value and applying the local tax rate. With a median home price of $159,935, the property tax bill is influenced by the assessed value of the property and the tax rate established by local authorities. The median property tax bill in Milan can vary significantly, with the 25th percentile at $1,548 and the 75th percentile reaching $3,456. Comparatively, the national median property tax bill is $2,400, which highlights the potential for homeowners in Milan to experience higher tax bills depending on their property's assessed value.
Homeowners in Milan may find their property tax bills impacting their financial situation, especially if their tax bill approaches the 90th percentile at $4,664. This is where Ownwell can provide valuable assistance. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burdens, ensuring they only pay what is fair based on an accurate assessment of their property's value. This service can lead to significant savings, providing financial relief and peace of mind.
Median Milan Tax Bill
$2,362
Median Erie County Tax Bill
$2,003
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Milan, Erie County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44846 | $911 | $1,548 | $2,362 | $3,456 | $4,664 |
Source: Ownwell