Sheffield Village, Lorain County, Ohio Property Taxes

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

Median Sheffield Village, OH effective property tax rate: 1.89%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Sheffield Village, OH home value: $200,100
Median annual Sheffield Village, OH tax bill: $3,686, $1,286 higher than the national median property tax bill of $2,400.

How are property taxes in Lorain County calculated?

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

Last Updated March 1, 2025

Sheffield Village, Lorain County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.89%

Estimate Property Tax Bill

$3,782

$3,509

Ownwell’s Sheffield Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sheffield Village with just two data points. By entering your property's estimated assessed value, our calculator applies Sheffield Village’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 Sheffield Village, Lorain 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. 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. Sheffield Village in Lorain County, Ohio, has an effective property tax rate that aligns with the county's median of 1.89%. This rate is higher than the national median property tax rate of 1.02%. Property owners in Sheffield Village face a higher tax burden compared to the national average, which can impact financial decisions and property investments. Understanding these local tax dynamics is essential for property owners seeking to manage their expenses effectively. Comparing Sheffield Village’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. highlights the importance of being informed about regional tax variations. This knowledge can empower property owners to make informed decisions about appealing property taxes or seeking exemptions.

Property Tax Rates Across Sheffield Village, 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 Sheffield Village Tax Rate

1.89%

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 Sheffield Village, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44035	1.83%	1.89%	1.89%	1.94%	1.94%
44054	1.62%	1.89%	1.89%	1.89%	1.94%
44052	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sheffield Village, Lorain County, Ohio

When examining property taxes in Sheffield Village, 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.

Assessment notices: 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 Sheffield Village.

For example, the median home price in Sheffield Village is $200,100, with tax bills ranging significantly across the county. Zip code 44054 has the highest median home price at $200,890.

Property Tax Assessment Values Across Sheffield Village, Lorain County, Ohio

Source: Ownwell

$15,750

$159,090

$302,430

Median Sheffield Village Market Value

$200,100

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 Sheffield Village, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44035	$98,024	$118,260	$144,820	$198,970	$242,660
44054	$104,946	$145,630	$200,890	$253,215	$316,296
44052	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sheffield Village, Lorain County, Ohio

In Sheffield Village, located in Lorain County, OH, property tax bills are calculated based on the assessed value of a home. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, home size, and market conditions influence the assessed value. In Sheffield Village, the median property tax bill stands at $3,716, which is significantly higher than the national median of $2,400. This can be a substantial financial burden for homeowners, especially when compared to the national median property tax rate of 1.02%. Homeowners in Sheffield Village may find themselves paying more due to the higher assessed values and local tax rates. Ownwell can assist homeowners by offering property tax appeal services, potentially lowering their tax bills. Our experts analyze property assessments, identify discrepancies, and file appeals on behalf of homeowners. By leveraging our expertise, homeowners can save significantly on their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Sheffield Village, Lorain County, Ohio

Source: Ownwell

$286

$3,021

$5,756

Median Sheffield Village Tax Bill

$3,686

Median Lorain County Tax Bill

$2,507

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Sheffield Village, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44035	$1,853	$2,234	$2,737	$3,338	$4,650
44054	$1,923	$2,630	$3,716	$4,730	$5,944
44052	N/A	N/A	N/A	N/A	N/A

Source: Ownwell