Willow Wood, Lawrence County, Ohio Property Taxes
Median Willow Wood, OH effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Willow Wood, OH home value: $74,360
Median annual Willow Wood, OH tax bill: $711, $1,689 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Willow Wood, 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 Willow Wood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willow Wood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Willow Wood, Lawrence County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$744
$690
Property Tax Rates Across Willow Wood, Lawrence County, Ohio
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Willow Wood, located in Lawrence County, Ohio, the effective property tax rate is aligned with the state's median tax rate of 1.00%. This is slightly below the national median property tax rate of 1.02%. The property tax burden in Willow Wood is relatively moderate when compared to the national landscape. Homeowners in this area enjoy a balanced approach to property taxation, which can be beneficial for both long-term residents and potential homebuyers. Understanding these rates is crucial for property owners and prospective buyers as they evaluate their financial commitments. By staying informed about local property tax trends, individuals can make more educated decisions about their real estate investments.
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 Willow Wood Tax Rate
1.00%
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 Lawrence County Tax Rate
1.02%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Willow Wood, Lawrence County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45696 | 0.77% | 0.98% | 1.00% | 1.03% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Willow Wood, Lawrence County, Ohio
When examining property taxes in Willow Wood, 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 Lawrence 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 Lawrence County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Willow Wood. For example, the median home price in Willow Wood is $74,360, with tax bills ranging significantly across the county. Zip code 45696 has the highest median home price at $74,360.
Property Tax Assessment Values Across Willow Wood, Lawrence County, Ohio
Source: Ownwell
$28,380
$71,610
$114,840
Median Willow Wood Market Value
$74,360
Median Lawrence County Market Value
$85,530
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Willow Wood, Lawrence County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45696 | $10,114 | $26,905 | $74,360 | $119,575 | $163,424 |
Source: Ownwell
Property Tax Bills Across Willow Wood, Lawrence County, Ohio
In Willow Wood, Ohio, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is $74,360 on average. Tax bills can vary significantly, with the 25th percentile at $261 and the 75th percentile reaching $1,150. At the 90th percentile, homeowners face a tax bill of $1,636. Compared to the national median property tax bill of $2,400, Willow Wood's tax bills are generally lower, providing some relief to local homeowners. However, even within this range, there are opportunities for savings.
Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal services. By analyzing the assessed values and comparing them to market trends, Ownwell identifies potential discrepancies and files appeals on behalf of homeowners. This process can lead to significant savings, ensuring that homeowners in Willow Wood pay only their fair share. With Ownwell's expertise, navigating the complexities of property tax assessments becomes a straightforward and beneficial endeavor.
Median Willow Wood Tax Bill
$711
Median Lawrence County Tax Bill
$879
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Willow Wood, Lawrence County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45696 | $94 | $261 | $711 | $1,150 | $1,636 |
Source: Ownwell