Willoughby, Lake County, Ohio Property Taxes
Median Willoughby, OH effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Willoughby, OH home value: $173,215
Median annual Willoughby, OH tax bill: $649, $1,751 lower than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Willoughby, 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 Willoughby’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willoughby, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Willoughby, Lake County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.11%
Estimate Property Tax Bill
$3,655
$3,392
Property Tax Rates Across Willoughby, Lake County, Ohio
Local government entities determine tax rates, which can vary significantly within a state. Annually, each county assesses its budgetary needs to provide essential services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the core process each year.
In Willoughby, located in Lake County, Ohio, the effective property tax rate stands at 2.11%, which is notably higher than the national median of 1.02%. This rate is also the highest in the state, highlighting the variability of property taxes within Ohio. The median property tax bill in Willoughby reflects this elevated rate, contrasting with the national median bill of $2,400. These figures underscore the importance of understanding local tax rates and their impact on property owners.
Comparing Willoughby’s property tax rate with other cities in Ohio and the national median provides valuable insight into the local tax landscape and its implications for homeowners.
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 Willoughby Tax Rate
2.11%
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 Lake County Tax Rate
2.03%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Willoughby, Lake County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44094 | 0.62% | 1.20% | 2.11% | 2.87% | 6.93% |
Source: Ownwell
Property Tax Assessment Values Across Willoughby, Lake County, Ohio
When examining property taxes in Willoughby, 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 Lake County Auditor 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 Lake 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 Willoughby. For example, the median home price in Willoughby is $173,215, with tax bills ranging significantly across the county. Zip code 44094 has the highest median home price at $173,215.
Property Tax Assessment Values Across Willoughby, Lake County, Ohio
Source: Ownwell
$111,175
$393,275
$675,375
Median Willoughby Market Value
$173,215
Median Lake County Market Value
$154,020
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Willoughby, Lake County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44094 | $83,640 | $119,108 | $173,215 | $259,750 | $379,121 |
Source: Ownwell
Property Tax Bills Across Willoughby, Lake County, Ohio
In Willoughby, Ohio, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Willoughby is $173,215, with a median property tax bill of $649. This is significantly lower than the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Factors that influence the tax bill include the assessed value of the property and any applicable exemptions or deductions. Homeowners in Willoughby may find their tax bills vary, with the 25th percentile at $162 and the 75th percentile at $2,586, highlighting the range of potential tax liabilities.
Ownwell assists homeowners by providing property tax appeal and exemption services, helping to ensure that tax bills are fair and accurate. By analyzing property assessments and identifying potential savings, Ownwell can help homeowners in Willoughby reduce their property tax burden, ensuring they only pay their fair share. This service can be particularly beneficial for those at the higher end of the tax bill spectrum, such as those in the 90th percentile with bills up to $5,304.
Median Willoughby Tax Bill
$649
Median Lake County Tax Bill
$1,087
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Willoughby, Lake County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44094 | $63 | $162 | $649 | $2,586 | $5,304 |
Source: Ownwell