Vermilion, Erie County, Ohio Property Taxes

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

Median Vermilion, OH effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Vermilion, OH home value: $147,540
Median annual Vermilion, OH tax bill: $2,200, $200 lower than the national median property tax bill of $2,400.

How are property taxes in Erie calculated?

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

Last Updated March 1, 2025

Vermilion, Erie County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.46%

Estimate Property Tax Bill

$2,154

$1,999

Ownwell’s Vermilion Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vermilion with just two data points. By entering your property's estimated assessed value, our calculator applies Vermilion’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 Vermilion, Erie County, Ohio

Local government entities are responsible for setting property tax rates, which can differ significantly across regions. This variation occurs because each county annually calculates its needed budget to fund services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is essentially how it operates each year. In Vermilion, located in Erie County, Ohio, the effective property tax rate can be compared to other cities in Ohio and the median rates in both the state and the U.S. Ohio's median property tax rate stands above the national median, indicating a higher tax burden compared to many other regions. This comparison highlights the importance of understanding property tax rates, as they directly impact homeowners' annual expenses. By examining how Vermilion's rates align with state and national figures, property owners can gain insight into their tax obligations and explore opportunities for appeals or exemptions to potentially reduce their tax bills.

Property Tax Rates Across Vermilion, 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 Vermilion Tax Rate

1.46%

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 Vermilion, Erie County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44089	1.26%	1.42%	1.46%	1.63%	1.67%
44889	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Vermilion, Erie County, Ohio

When examining property taxes in Vermilion, 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 Vermilion.

For example, the median home price in Vermilion is $147,540, with tax bills ranging significantly across the county. Zip code 44089 has the highest median home price at $147,380.

Property Tax Assessment Values Across Vermilion, Erie County, Ohio

Source: Ownwell

$50,795

$137,238

$223,680

Median Vermilion Market Value

$147,540

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 Vermilion, Erie County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44089	$64,414	$102,505	$147,380	$218,880	$331,084
44889	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Vermilion, Erie County, Ohio

In Vermilion, located in Erie County, OH, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. For homeowners in this area, property tax bills can vary significantly, with the 25th percentile at $1,547 and the 75th percentile reaching $3,232. These figures reflect the financial burden that property taxes can impose on homeowners, with some facing bills as high as $4,964 at the 90th percentile. Despite these costs, Vermilion's median tax bill of $2,198 is below the national median of $2,400, offering some relief compared to other regions. However, homeowners still have opportunities to reduce their tax burden. By partnering with Ownwell, homeowners can access expert property tax appeal and exemption services. Ownwell's team can identify potential savings by ensuring that properties are fairly assessed, potentially lowering tax bills and alleviating financial strain for homeowners.

Property Tax Bills Across Vermilion, Erie County, Ohio

Source: Ownwell

$932

$1,760

$2,588

Median Vermilion Tax Bill

$2,200

Median Erie County Tax Bill

$2,003

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Vermilion, Erie County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44089	$927	$1,542	$2,198	$3,231	$4,964
44889	N/A	N/A	N/A	N/A	N/A

Source: Ownwell