Property Tax Analysis for Lorain County, OH
Property tax rates, assessment ratios, and appeal potential in Lorain County.
Effective Tax Rate
1.5%
Annual Tax Bill
$2,898
Monthly Escrow
$242
Tax Burden
4.3% of income
Tax Assessment Details
Current Assessment
Market Value$191,900
Est. Assessed Value$163,115
Assessment Ratio~85%
Effective Rate1.5%
Appeal Potential
Potential Annual Savings$435
5-Year Savings$2,175
vs National Averageabove (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Lorain County
Lorain County in Ohio has an effective property tax rate of 1.5%, which is above the national average of 1.1%. On a median home value of $191,900, that translates to $2,898 annually or $242 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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