Lakemore, Summit County, Ohio Property Taxes
Property Taxes in Lakemore, Ohio
Median Lakemore, Ohio effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, and higher than the Ohio state median of 1.60%.
Median Lakemore, Ohio home value: $83,055
Median annual Lakemore, Ohio tax bill: $1,490, lower than the national median property tax bill of $2,400.
How are property taxes in Summit calculated?
Property taxes in Lakemore, Ohio 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 Lakemore's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakemore, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lakemore, Summit County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.75%
Estimate Property Tax Bill
$1,453
$1,349
How Does the Lakemore Property Tax Calculator Work?
Use this Lakemore property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lakemore's median effective tax rate of 1.75% — based on actual property records in Summit County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lakemore's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lakemore: rates range from 1.75% in 44250 to 1.75% in 44250, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lakemore.
About Lakemore Property Taxes
About Property Taxes in Lakemore, Summit, Ohio
Lakemore’s median effective property tax rate of 1.75% is higher than the Ohio state median of 1.60% and higher than the national median of 1.02%. This rate reflects the Summit County tax structure and local levies that shape what homeowners pay across the village.
Property tax rates are not uniform across Lakemore. Homeowners in ZIP code 44250 carry the city’s median effective rate of 1.75%, and the median tax bill is $1,490. That bill is lower than the national median property tax bill of $2,400, but the $2,116 75th percentile bill shows how quickly costs can rise for higher-value homes.
Lakemore homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 31, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lakemore, Summit County, Ohio
As noted earlier, 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 Lakemore's effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
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 Lakemore Tax Rate
1.75%
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 Summit County Tax Rate
1.87%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lakemore, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44250 | 1.38% | 1.71% | 1.75% | 1.80% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Lakemore, Summit County, Ohio
When examining property taxes in Lakemore, 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 Summit 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 Summit County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Lakemore.
For example, the median home price in Lakemore is $83,055, with tax bills ranging significantly across the county. 44250 has the highest median home price at $83,055.
Property Tax Assessment Values Across Lakemore, Summit County, Ohio
Source: Ownwell
$45,620
$242,568
$439,515
Median Lakemore Market Value
$83,055
Median Summit County Market Value
$168,970
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lakemore, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44250 | $52,223 | $66,172 | $83,055 | $104,100 | $155,548 |
Source: Ownwell
Property Tax Bills Across Lakemore, Summit County, Ohio
Property tax bills in Lakemore are based on the assessed value of a home and the local tax rate set by Summit County and other taxing authorities. When a property’s market value changes, the assessed value can change too, which can raise or lower the bill. Homeowners may also see differences based on exemptions or other adjustments that affect the taxable amount.
For Lakemore homeowners, the typical tax burden is shaped by a median home price of $83,055 and a median property tax bill of $1,490. That bill is below the national median property tax bill of $2,400 and reflects a local tax rate that is lower than many areas nationwide. Bills can vary widely: the 25th percentile is $1,131, while the 75th percentile is $2,116 and the 90th percentile is $3,385. These differences show how property taxes can affect monthly housing costs and long-term affordability for homeowners.
Median Lakemore Tax Bill
$1,490
Median Summit County Tax Bill
$3,148
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Lakemore, Summit County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44250 | $687 | $1,131 | $1,490 | $2,116 | $3,385 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Summit Tax Assessor | |
| Website | propertyaccess.summitoh.net |