Highland Heights, Ohio Property Taxes
The median property tax rate in Highland Heights, OH is 2.38%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Highland Heights at $553,800, the typical annual property tax bill reaches $13,304, far exceeding the national median of $2,690. Property taxes in Highland Heights are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Highland 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 Highland Heights or another part of Cuyahoga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Highland Heights, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$13,180
Ownwell’s Highland Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland 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 Highland Heights, Ohio
Property taxes in Highland 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 Highland Heights is 2.38%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Highland Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland 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 Highland Heights' effective property tax rate to other areas in Cuyahoga County and the national median. For comparison, the 44143 zip code has the highest median property tax rate of 2.39%, while the 44134 zip code has the lowest median tax rate of 2.37%. Understanding how these areas compare with Highland 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 Highland Heights Tax Rate
2.38%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44134 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
| 44143 | 2.37% | 2.38% | 2.39% | 2.41% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Highland Heights, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Highland Heights, Ohio. 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. 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. In Highland Heights, the highest median tax bill is $13,449 in the 44143 zip code, while the lowest median tax bill is $7,121 in the 44134 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Highland Heights, Ohio
Source: Ownwell
$1,700
$1,166,850
$2,332,000
Average Highland Heights Assessed Value
$553,800
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 Highland Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44134 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 |
| 44143 | $324,100 | $390,100 | $556,100 | $775,100 | $851,600 |
Source: Ownwell
Property Tax Bills Across Highland Heights, Ohio
In Highland Heights, located in Cuyahoga County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For example, if the median home price in Highland Heights is $553,800, the assessed value might be a fraction of this amount. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as the property's location, improvements, and exemptions can influence the assessed value and, consequently, the tax bill. In Highland Heights, the tax bill can vary significantly, with the 25th percentile at $8,968 and the 75th percentile at $18,362. Homeowners in the 90th percentile face tax bills as high as $19,948. Compared to the national median property tax rate of 0.99%, Highland Heights residents often experience higher tax bills, affecting their overall financial planning and homeownership costs.
Average Highland Heights Tax Bill
$13,304
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44134 | $7,121 | $7,121 | $7,121 | $7,121 | $7,121 |
| 44143 | $7,710 | $9,286 | $13,449 | $18,461 | $20,048 |
Source: Ownwell