Valley City, Lorain County, Ohio Property Taxes

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

Median Valley City, OH effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Valley City, OH home value: $302,430
Median annual Valley City, OH tax bill: $5,055, $2,655 higher than the national median property tax bill of $2,400.

How are property taxes in Lorain County calculated?

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

Last Updated March 1, 2025

Valley City, Lorain County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$5,172

$4,799

Ownwell’s Valley City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valley City with just two data points. By entering your property's estimated assessed value, our calculator applies Valley City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Lorain 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 Valley City, Lorain County, Ohio

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually 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, this is the annual process in a nutshell. In Valley City, located in Lorain County, Ohio, the effective property tax rate is 1.71%, which is higher than the national median rate of 1.02%. This signifies that property owners in Valley City may pay more in taxes compared to the national average, impacting their overall cost of living. In comparison to other cities in Ohio, Valley City's rate aligns with the state's highest median tax rate, indicating a consistent tax environment within the region. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Valley City, 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 Valley City Tax Rate

1.71%

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 Valley City, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44280	1.71%	1.71%	1.71%	1.72%	1.72%

Source: Ownwell

Property Tax Assessment Values Across Valley City, Lorain County, Ohio

When examining property taxes in Valley City, 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.

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 Valley City. For example, the median home price in Valley City is $302,430, with tax bills ranging significantly across the county. Zip code 44280 has the highest median home price at $302,430.

Property Tax Assessment Values Across Valley City, Lorain County, Ohio

Source: Ownwell

$15,750

$159,090

$302,430

Median Valley City Market Value

$302,430

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 Valley City, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44280	$238,422	$264,740	$302,430	$329,820	$375,070

Source: Ownwell

Property Tax Bills Across Valley City, Lorain County, Ohio

Property tax bills in Valley City, located in Lorain County, OH, are determined based on the assessed value of a home, which is a percentage of its market value. With a median home price of $302,430, homeowners can expect a property tax bill that is considerably higher than the national median. In Valley City, the median property tax bill stands at $5,055, which is significantly above the national median property tax bill of $2,400. This discrepancy highlights the importance of understanding how property taxes are calculated and the potential financial impact on homeowners.

Several factors influence the tax bill, including local tax rates and the assessed value of the property. Homeowners in Valley City, particularly those in the 75th and 90th percentiles, face even higher tax bills, reaching $5,634 and $6,531, respectively.

Ownwell can assist homeowners in Valley City by helping them navigate the complexities of property tax assessments and appeals. By leveraging expertise in property tax laws and local market conditions, Ownwell can identify potential savings and ensure homeowners are not overpaying on their property taxes.

Property Tax Bills Across Valley City, Lorain County, Ohio

Source: Ownwell

$286

$3,021

$5,756

Median Valley City Tax Bill

$5,055

Median Lorain County Tax Bill

$2,507

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Valley City, Lorain County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44280	$4,093	$4,538	$5,055	$5,634	$6,531

Source: Ownwell