Medina, Lorain County, Ohio Property Taxes

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

Median Medina, OH effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Medina, OH home value: $149,220
Median annual Medina, OH tax bill: $2,638, $238 higher than the national median property tax bill of $2,400.

How are property taxes in Lorain calculated?

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

Last Updated March 1, 2025

Medina, Lorain 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

$4,340

$4,027

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

Property Tax Rates Across Medina, Lorain County, Ohio

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that 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. Below, you can compare Medina’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. Medina, located in Lorain County, has an effective property tax rate of 1.73%. This is significantly higher than the national median property tax rate of 1.02%, reflecting the local government's higher budgetary requirements. When you consider the national median property tax bill of $2,400, it's clear that property taxes in Medina are on the higher end of the spectrum. This can be attributed to the specific needs and budget allocations of the local government, making it essential for property owners to be aware of potential tax savings through appeals and exemptions.

Property Tax Rates Across Medina, Lorain County, Ohio

Source: Ownwell

1.34%

1.58%

1.82%

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 Medina Tax Rate

1.60%

Median Effective Lorain County Tax Rate

1.59%

Median Effective Ohio Tax Rate

1.60%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Medina, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44256	1.51%	1.59%	1.60%	1.63%	1.64%

Source: Ownwell

Property Tax Assessment Values Across Medina, Lorain County, Ohio

When examining property taxes in Medina, 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 Lorain 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 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 Medina. For example, the median home price in Medina is $149,220, with tax bills ranging significantly across the county. Zip code 44256 has the highest median home price at $149,220.

Property Tax Assessment Values Across Medina, Lorain County, Ohio

Source: Ownwell

$10,835

$217,345

$423,855

Median Medina Market Value

$271,230

Median Lorain County Market Value

$189,380

Median Ohio Market Value

$168,370

Median United States Market Value

$235,294

Property Tax Assessment Values Across Medina, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44256	$177,848	$229,410	$271,230	$306,790	$365,598

Source: Ownwell

Property Tax Bills Across Medina, Lorain County, Ohio

In Medina, property tax bills are determined by assessing the property's value and applying the local tax rate. Homeowners in the region face a median property tax bill of $2,638, slightly above the national median of $2,400. The tax bills can vary significantly, with the 25th percentile at $1,951 and the 75th percentile reaching $3,467. Factors such as the property's assessed value, local levies, and tax rates contribute to the final tax bill, impacting homeowners' financial planning. High property taxes can strain homeowners, especially when the assessed property value increases, leading to higher tax obligations.

Ownwell offers a solution for homeowners looking to reduce their property tax bills. By leveraging expertise in property tax appeals and exemption services, Ownwell can help homeowners navigate the complexities of the tax system. This assistance can lead to potential savings by ensuring that properties are fairly assessed and that homeowners are not overpaying on their taxes. With Ownwell's support, homeowners can achieve substantial savings, easing the burden of high property tax bills.

Property Tax Bills Across Medina, Lorain County, Ohio

Source: Ownwell

$171

$3,412

$6,653

Median Medina Tax Bill

$4,324

Median Lorain County Tax Bill

$3,053

Median Ohio Tax Bill

$2,789

Median United States Tax Bill

$2,400

Property Tax Bills Across Medina, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44256	$2,652	$3,290	$4,324	$4,895	$5,878

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 31

Links
Lorain Tax Assessor
Website	loraincountyauditor.gov