Lodi, Medina County, Ohio Property Taxes
Median Lodi, OH effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Lodi, OH home value: $153,000
Median annual Lodi, OH tax bill: $2,307, $93 lower than the national median property tax bill of $2,400.
How are property taxes in Medina calculated?
Property taxes in Lodi, 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 Lodi’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lodi, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lodi, Medina County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.42%
Estimate Property Tax Bill
$2,173
$2,016
Ownwell’s Lodi Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lodi with just two data points.
By entering your property's estimated assessed value, our calculator applies Lodi’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 Lodi, Medina County, Ohio
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. Annually, each county calculates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in essence.
Comparing Lodi’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S. reveals some interesting insights. Lodi, located in Medina County, reflects Ohio's median property tax rate, which is above the national median. This can have implications for homeowners in Lodi, as property taxes can significantly impact overall housing costs. Understanding these rates is crucial for property owners who wish to manage their expenses effectively.
By staying informed about local property tax trends, homeowners in Lodi can make more educated decisions regarding their property investments and potential tax appeals. This knowledge empowers property owners to ensure they are not overpaying and to take advantage of any available exemptions.
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 Lodi Tax Rate
1.42%
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 County Tax Rate
1.53%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lodi, Medina County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44254 | 1.25% | 1.34% | 1.42% | 1.66% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Lodi, Medina County, Ohio
When examining property taxes in Lodi, 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 Medina 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 Medina 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 Lodi.
For example, the median home price in Lodi is $153,000, with tax bills ranging significantly across the county. Zip code 44254 has the highest median home price at $153,000.
Property Tax Assessment Values Across Lodi, Medina County, Ohio
Source: Ownwell
$130,095
$284,063
$438,030
Median Lodi Market Value
$153,000
Median Medina County Market Value
$233,850
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lodi, Medina County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44254 | $85,990 | $113,000 | $153,000 | $217,790 | $304,444 |
Source: Ownwell
Property Tax Bills Across Lodi, Medina County, Ohio
In Lodi, located in Medina County, OH, property tax bills are determined based on the assessed value of a home. This value is calculated as a percentage of the home's market value, and the resulting figure is then multiplied by the local tax rate. The median property tax bill in this area is $2,307, which is slightly below the national median of $2,400. Factors influencing the tax bill include changes in the local tax rate and fluctuations in property values. For homeowners, this means that any increase in assessed value or tax rates could lead to a higher tax bill, potentially impacting household budgets.
Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing expert property tax appeal and exemption services, Ownwell can help ensure that homeowners are not overpaying on their tax bills. With a deep understanding of the local tax landscape, Ownwell's services can lead to significant savings, offering peace of mind and financial relief to homeowners in Lodi.
Median Lodi Tax Bill
$2,307
Median Medina County Tax Bill
$3,537
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Lodi, Medina County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44254 | $1,321 | $1,752 | $2,307 | $3,060 | $4,110 |
Source: Ownwell