Bratenahl, Ohio Property Taxes
The median property tax rate in Bratenahl, OH is 2.61%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Bratenahl, the typical annual property tax bill reaches $3,570, exceeding the national median of $2,690. Property taxes in Bratenahl 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 Bratenahl's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bratenahl 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
Bratenahl, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$3,610
Ownwell’s Bratenahl Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bratenahl with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bratenahl 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 Bratenahl, Ohio
Property taxes in Bratenahl, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bratenahl is 2.61%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bratenahl set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bratenahl 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 Bratenahl's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44108 zip code has the highest median property tax rate of 2.64%, while the 44110 zip code has the lowest median tax rate of 2.61%. Understanding how these areas compare with Bratenahl 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 Bratenahl Tax Rate
2.61%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bratenahl, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44108 | 2.58% | 2.61% | 2.64% | 2.67% | 2.67% |
| 44110 | 2.52% | 2.61% | 2.61% | 2.61% | 2.67% |
Source: Ownwell
Property Tax Assessment Values Across Bratenahl, Ohio
In Bratenahl, 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 Bratenahl, 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. For instance, zip code 44108 has the highest median tax bill at $17,238, while zip code 44110 has the lowest at $3,267. Being aware of these valuation processes in Bratenahl helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bratenahl Assessed Value
$138,300
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 Bratenahl, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44108 | $218,680 | $257,300 | $576,600 | $732,400 | $1,217,600 |
| 44110 | $90,760 | $108,600 | $126,300 | $154,600 | $405,720 |
Source: Ownwell
Property Tax Bills Across Bratenahl, Ohio
In Bratenahl, 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 tax rate in Bratenahl is notably higher than the national median property tax rate of 0.99%, leading to substantial tax bills for homeowners. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For instance, the median home price in Bratenahl is $138,300, resulting in varying tax bills. Homeowners at the 25th percentile pay around $2,958, while those at the 75th percentile face bills up to $10,313. The 90th percentile tax bill can reach as high as $19,128. The highest median tax bill in the area is $17,238 in the 44108 zip code, whereas the lowest median tax bill is $3,267 in the 44110 zip code. These factors collectively impact the financial burden on homeowners, making property tax management crucial.
Average Bratenahl Tax Bill
$3,570
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bratenahl, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44108 | $5,975 | $10,154 | $17,238 | $19,855 | $22,509 |
| 44110 | $2,209 | $2,837 | $3,267 | $3,986 | $10,611 |
Source: Ownwell