The median sales price of a Lorain County home in the second quarter of 2023 was $177,000, based on data from the 433 properties sold during that time. In 2023, the median tax bill for the county was $2,891, which is 1.6% of the median value of the homes that were taxed.
This is 1.5 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Lorain County real estate data showed homeowners in Eaton Estates, Sheffield, and LaGrange paid the highest rates.
The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.
The following table compares Eaton Estates with some other cities belonging to Lorain County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.
City | Q2 2023 Sales | Q2 2023 Median Price | Median tax 2023 | Effective tax rate |
---|---|---|---|---|
Eaton Estates | 5 | $70,000 | $2,004 | 2.9% |
Sheffield | 5 | $237,000 | $4,337 | 1.8% |
LaGrange | 7 | $225,000 | $4,124 | 1.8% |
Vermilion | 15 | $182,000 | $3,013 | 1.7% |
Avon Lake | 47 | $289,900 | $4,903 | 1.7% |
Avon | 30 | $370,000 | $6,448 | 1.7% |
Pheasant Run | 2 | $158,000 | $2,739 | 1.7% |
Grafton | 6 | $214,500 | $3,668 | 1.7% |
Sheffield Lake | 17 | $168,000 | $2,689 | 1.6% |
Oberlin | 7 | $197,500 | $3,245 | 1.6% |
Elyria | 92 | $141,200 | $2,289 | 1.6% |
Columbia Station | 4 | $255,000 | $4,032 | 1.6% |
Wellington | 6 | $197,500 | $3,071 | 1.6% |
North Ridgeville | 42 | $267,000 | $3,904 | 1.5% |
Lorain | 110 | $122,000 | $1,629 | 1.3% |
South Amherst | 3 | $172,000 | $2,288 | 1.3% |
Penfield Junction | 2 | $165,000 | $1,955 | 1.2% |
Amherst | 29 | $283,000 | $3,068 | 1.1% |