Willowick, Lake County, Ohio Property Taxes

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

Median Willowick, OH effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Willowick, OH home value: $127,810
Median annual Willowick, OH tax bill: $2,034, $366 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Willowick, Lake County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$2,045

$1,898

Ownwell’s Willowick Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Willowick with just two data points. By entering your property's estimated assessed value, our calculator applies Willowick’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 Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Willowick, Lake County, Ohio

Local government entities set tax rates, and these can differ significantly within a state. Each year, counties determine their budgetary needs to deliver essential services and divide this by the total value of all taxable properties in their area. This process establishes the property tax rate. Although votes and legislation play a role in finalizing tax rates and budgets, this is the general procedure followed annually. Willowick, located in Lake County, Ohio, has an effective property tax rate of 1.60%, which is notably higher than the national median of 1.02%. This rate places Willowick at the higher end of the spectrum both within the state and nationally. The median property tax bill reflects this with a figure that surpasses the national median of $2,400. Understanding these rates is crucial for property owners, as they directly impact annual expenses. Comparing Willowick’s rates to state and national figures highlights the importance of being informed about local tax obligations.

Property Tax Rates Across Willowick, Lake County, Ohio

Source: Ownwell

1.00%

1.79%

2.58%

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 Willowick Tax Rate

1.60%

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 Willowick, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44095	0.49%	1.20%	1.60%	3.42%	6.93%

Source: Ownwell

Property Tax Assessment Values Across Willowick, Lake County, Ohio

When examining property taxes in Willowick, 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. This assessed value is used to calculate your property taxes, with your tax rate determining your final tax bill. Assessment notices in Lake County are sent in the spring each year, typically arriving in mailboxes by the middle of April. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of the property tax bill. This helps property owners in Willowick navigate their tax responsibilities and understand the valuation processes affecting their property taxes. For example, the median home price in Willowick is $127,810, with tax bills ranging significantly across the county. The 44095 zip code has the highest median home price at $127,810.

Property Tax Assessment Values Across Willowick, Lake County, Ohio

Source: Ownwell

$111,175

$393,275

$675,375

Median Willowick Market Value

$127,810

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 Willowick, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44095	$99,432	$112,390	$127,810	$141,540	$159,384

Source: Ownwell

Property Tax Bills Across Willowick, Lake County, Ohio

In Willowick, located in Lake County, OH, property tax bills are determined by assessing the value of a home and applying the local tax rate. The assessed value is based on the market value of the property, and the tax rate is determined by local taxing authorities. Homeowners in Willowick face a median property tax bill of $2,034, which is slightly below the national median of $2,400. However, the tax bill can range significantly, with the 25th percentile at $1,321, and the 90th percentile reaching as high as $7,973. This variation is influenced by factors such as property location, size, and any applicable exemptions or deductions.

High property tax bills can be a burden for homeowners, but Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities. This service not only saves money but also ensures that homeowners pay a fair amount based on their property's true market value.

Property Tax Bills Across Willowick, Lake County, Ohio

Source: Ownwell

$178

$9,225

$18,271

Median Willowick Tax Bill

$2,034

Median Lake County Tax Bill

$1,087

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Willowick, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44095	$183	$1,321	$2,034	$4,372	$7,973

Source: Ownwell