44052 Property Tax Rate

Property owners in ZIP code 44052 (Lorain, Ohio) pay a median of $1,493/year in property taxes on homes valued at $104,000. This translates to an effective tax rate of 1.44%, which is 16% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 44052 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within Lorain County. This is $811 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 44052 has lower property taxes. ZIP codes with similar effective rates include 44202 (1.44%) and 45214 (1.44%).

In Lorain, property taxes represent approximately 3.5% of the median household income of $42,298, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 44052, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Lorain County's tax assessor directly.