Garfield Hts, Ohio Property Taxes
The median property tax rate in Garfield Heights, OH is 3.64%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Garfield Heights at $64,900, the typical annual property tax bill reaches $2,257, slightly below the national median of $2,690. Property taxes in Garfield Heights are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Garfield Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Garfield Heights 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
Garfield Hts, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Garfield Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garfield Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garfield 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 Garfield Hts, Ohio
Property taxes in Garfield Heights, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garfield Heights is 3.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Garfield Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garfield 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 Garfield Heights' effective property tax rate to other areas in Cuyahoga County and the national median. For comparison, the 44128 zip code has the highest median property tax rate of 3.93%, while the 44105 zip code has the lowest median tax rate of 3.56%. Understanding how these areas compare with Garfield 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 Garfield Hts Tax Rate
3.64%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garfield Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44105 | 2.31% | 2.65% | 3.56% | 3.60% | 3.69% |
| 44125 | 2.85% | 3.67% | 3.85% | 4.28% | 4.47% |
| 44128 | 3.31% | 3.54% | 3.93% | 4.31% | 4.54% |
Source: Ownwell
Property Tax Assessment Values Across Garfield Hts, Ohio
In Garfield 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 Garfield 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,659 in zip code 44125, while the lowest is $1,747 in zip code 44128.
Average Garfield Hts Assessed Value
$64,900
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 Garfield Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44105 | $55,200 | $59,350 | $63,350 | $66,750 | $71,590 |
| 44125 | $5,560 | $14,600 | $82,300 | $94,700 | $165,520 |
| 44128 | $18,940 | $31,600 | $52,700 | $73,800 | $86,460 |
Source: Ownwell
Property Tax Bills Across Garfield Hts, Ohio
In Garfield Heights, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Cuyahoga County. The median home price in Garfield Heights is $64,900, and the property tax rate in the area significantly impacts homeowners. For instance, the tax bill for the 25th percentile is $1,420, while it climbs to $3,075 for the 75th percentile, and reaches $3,958 for the 90th percentile. These variations show how the assessed value and tax rate combine to affect individual tax bills. Comparatively, the highest median tax bill in the area is $2,659 in the 44125 zip code, while the lowest is $1,747 in the 44128 zip code. Given that the national median property tax rate is 0.99%, homeowners in Garfield Heights face substantial tax obligations, which can influence their financial planning and property investment decisions.
Average Garfield Hts Tax Bill
$2,257
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Garfield Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44105 | $1,359 | $1,546 | $2,133 | $2,299 | $2,548 |
| 44125 | $284 | $603 | $2,659 | $3,605 | $5,597 |
| 44128 | $743 | $1,120 | $1,747 | $2,374 | $2,750 |
Source: Ownwell