Lorain, Lorain County, Ohio Property Taxes

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

Median Lorain, OH effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%. Median Lorain, OH home value: $75,820. Median annual Lorain, OH tax bill: $1,313, $1,087 lower than the national median property tax bill of $2,400.

How are property taxes in Lorain calculated?

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

Last Updated March 1, 2025

Lorain, Lorain County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.79%

Estimate Property Tax Bill

$1,357

$1,259

Ownwell’s Lorain Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lorain with just two data points.

By entering your property's estimated assessed value, our calculator applies Lorain’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 Lorain County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lorain, Lorain County, Ohio

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of its required budget to provide services, divided by the total value of all taxable property within its jurisdiction. This calculation results 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 Lorain, located in Lorain County, Ohio, the effective property tax rate reflects these local decisions. The city's tax rate is notably higher than the national median, making it crucial for property owners to understand how these rates compare within the state and nationwide. The median property tax rate in Ohio can vary, but Lorain's rates are among the highest in the state. For those living in Lorain, this presents an opportunity to explore potential savings through property tax appeals or exemptions. By comparing Lorain’s effective property tax rate to other cities in Ohio and the median rates in the U.S., property owners can make informed decisions about managing their tax liabilities.

Property Tax Rates Across Lorain, Lorain County, Ohio

Source: Ownwell

1.41%

1.73%

2.05%

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 Lorain Tax Rate

1.79%

Median Effective Lorain County Tax Rate

1.82%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lorain, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44052	1.27%	1.79%	1.79%	1.83%	1.83%
44053	1.37%	1.66%	1.70%	1.79%	1.83%
44055	1.22%	1.79%	1.79%	1.83%	1.95%
44035	N/A	N/A	N/A	N/A	N/A
44054	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lorain, Lorain County, Ohio

When examining property taxes in Lorain, OH, 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 Lorain 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 Lorain 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 Lorain.

For example, the median home price in Lorain is $75,820, with tax bills ranging significantly across the county. Zip code 44053 has the highest median home price at $118,440.

Property Tax Assessment Values Across Lorain, Lorain County, Ohio

Source: Ownwell

$15,750

$159,090

$302,430

Median Lorain Market Value

$75,820

Median Lorain County Market Value

$141,300

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lorain, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44052	$42,028	$56,560	$74,035	$92,250	$125,962
44053	$45,790	$73,140	$118,440	$159,080	$214,185
44055	$36,548	$50,320	$64,060	$78,880	$95,266
44035	N/A	N/A	N/A	N/A	N/A
44054	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lorain, Lorain County, Ohio

In Lorain, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the homeowner's tax obligation. The median home price in Lorain is $75,820, with tax bills ranging widely; for instance, the 25th percentile tax bill is $958, while the 90th percentile reaches $2,669. Comparatively, the national median property tax bill is $2,400, indicating variability within Lorain. Property taxes can significantly affect homeowners, influencing affordability and financial planning. Ownwell assists homeowners by reviewing their property tax assessments to identify potential savings. By appealing unjust assessments or securing exemptions, Ownwell helps reduce tax bills, ensuring homeowners only pay their fair share. This service can provide financial relief and peace of mind, allowing homeowners to better manage their expenses.

Property Tax Bills Across Lorain, Lorain County, Ohio

Source: Ownwell

$286

$3,021

$5,756

Median Lorain Tax Bill

$1,313

Median Lorain County Tax Bill

$2,507

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Lorain, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44052	$693	$958	$1,273	$1,616	$2,227
44053	$762	$1,241	$1,987	$2,649	$3,565
44055	$568	$832	$1,110	$1,387	$1,713
44035	N/A	N/A	N/A	N/A	N/A
44054	N/A	N/A	N/A	N/A	N/A

Source: Ownwell