The median sales price of a Lorain County home in the first quarter of 2022 was $145,250, based on data from the 1,122 properties sold during that time. In 2018 the median tax bill for the county was $2,316, which is 1.6% of the median value of the homes that were taxed.
This is 1.4 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 Sheffield, Penfield Junction, and Avon Lake paid the highest rates.
The following table compares Sheffield with some other cities belonging to Lorain County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.
| City | Q1 2022 Sales | Q1 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Sheffield | 6 | $162,500 | $3,949 | 2.4% |
| Penfield Junction | 4 | $80,000 | $1,875 | 2.3% |
| Avon Lake | 82 | $235,000 | $4,809 | 2% |
| Brentwood Lake | 1 | $123,000 | $2,390 | 1.9% |
| Lorain | 329 | $85,000 | $1,534 | 1.8% |
| Elyria | 275 | $118,000 | $2,083 | 1.8% |
| Columbia Station | 16 | $217,500 | $3,811 | 1.8% |
| Grafton | 30 | $186,000 | $3,305 | 1.8% |
| North Ridgeville | 120 | $218,000 | $3,497 | 1.6% |
| Pheasant Run | 11 | $135,000 | $2,102 | 1.6% |
| Sheffield Lake | 34 | $159,000 | $2,396 | 1.5% |
| Wellington | 17 | $180,000 | $2,744 | 1.5% |
| Vermilion | 27 | $190,000 | $2,710 | 1.4% |
| Avon | 55 | $375,000 | $5,423 | 1.4% |
| Amherst | 45 | $210,000 | $2,832 | 1.3% |
| Vincent | 3 | $145,900 | $1,894 | 1.3% |
| LaGrange | 15 | $292,500 | $3,642 | 1.2% |
| Laporte | 3 | $170,000 | $2,091 | 1.2% |
| Eaton Estates | 5 | $125,000 | $1,559 | 1.2% |
| South Amherst | 3 | $180,000 | $1,934 | 1.1% |
| Coonville | 2 | $189,000 | $1,930 | 1% |
| Oberlin | 36 | $417,500 | $2,907 | 0.7% |
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