Cleveland, Ohio Property Taxes
The median property tax rate in Cleveland, OH is 1.59%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $94,400 in Cleveland, the typical annual property tax bill amounts to $1,498, which is below the national median of $2,690. Property taxes in Cleveland are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Cleveland's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Cleveland or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,501
Ownwell’s Cleveland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cleveland, Ohio
Property taxes in Cleveland, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 1.59%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cleveland's effective property tax rate to other areas in Ashtabula County and the national median. For comparison, the 44102 zip code has the highest median property tax rate of 2.06%, while the 44124 zip code has the lowest median tax rate of 1.51%. Understanding how these areas compare with Cleveland provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
1.59%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44102 | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% |
| 44124 | 1.45% | 1.47% | 1.51% | 1.55% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, Ohio
In Cleveland, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Ashtabula County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cleveland, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44124 at $1,511, while the lowest is 44102 at $975.
Average Cleveland Assessed Value
$94,400
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44102 | $47,200 | $47,200 | $47,200 | $47,200 | $47,200 |
| 44124 | $95,570 | $97,325 | $100,250 | $103,175 | $104,930 |
Source: Ownwell
Property Tax Bills Across Cleveland, Ohio
In Cleveland, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the estimated price the property would sell for under normal conditions. Several factors influence this assessed value, including the property's location, size, condition, and any improvements made. Homeowners in Cleveland face varying property tax bills depending on their specific circumstances. For instance, the median home price in Cleveland is $94,400. Property tax bills can range significantly, with the 25th percentile at $1,236 and the 75th percentile at $1,511. In some areas, the highest median tax bill reaches $1,511, particularly in the 44124 zip code, while the lowest median tax bill is $975 in the 44102 zip code. These property taxes are crucial as they fund essential local services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Cleveland's rates can have a notable impact on homeowners' annual expenses.
Average Cleveland Tax Bill
$1,498
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44102 | $975 | $975 | $975 | $975 | $975 |
| 44124 | $1,500 | $1,504 | $1,511 | $1,518 | $1,522 |
Source: Ownwell