Bedford Hts, Ohio Property Taxes
The median property tax rate in Bedford Hts, OH is 2.53%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $157,200 in Bedford Hts, the typical annual property tax bill reaches $5,165, far exceeding the national median of $2,690. Property taxes in Bedford Hts are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bedford Hts's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bedford Hts or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bedford Hts, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$3,977
Ownwell’s Bedford Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bedford Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bedford Heights to estimate 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 Bedford Hts, Ohio
Property taxes in Bedford Heights, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bedford Heights is 2.53%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bedford Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bedford Heights 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 Bedford Heights' effective property tax rate to other counties in Ohio and the national median. For comparison, the 44146 zip code has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these cities compare with Bedford Heights provides valuable insights into the varying tax landscape across Cuyahoga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bedford Hts Tax Rate
2.53%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bedford Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44146 | 2.52% | 2.52% | 2.53% | 3.29% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Bedford Hts, Ohio
In Bedford Hts, 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 Cuyahoga 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 Bedford Hts, 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. For instance, the median home price in Bedford Hts is $157,200. The 25th percentile tax bill is $1,160, while the 75th percentile tax bill is $7,106, and the 90th percentile tax bill is $7,512. 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 Bedford Hts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bedford Hts Assessed Value
$157,200
Average Cuyahoga County Assessed Value
$138,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bedford Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44146 | $13,420 | $35,300 | $157,200 | $287,200 | $292,700 |
Source: Ownwell
Property Tax Bills Across Bedford Hts, Ohio
In Bedford Heights, Cuyahoga County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered in the assessment process. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Bedford Heights, the median home price is $157,200, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $1,160, while at the 75th percentile, it rises to $7,106. Homeowners at the 90th percentile face a tax bill of $7,512. Comparatively, the national median property tax rate stands at 0.99%, which can help homeowners gauge how their local rates measure up. High property taxes can impact homeowners by increasing their overall housing costs, making it essential to understand and potentially appeal their property tax assessments.
Average Bedford Hts Tax Bill
$5,165
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bedford Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44146 | $412 | $1,160 | $5,165 | $7,106 | $7,512 |
Source: Ownwell