Brecksville, Ohio Property Taxes
The median property tax rate in Brecksville, OH is 2.33%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Brecksville at $297,800, the typical annual property tax bill reaches $6,913, far exceeding the national median of $2,690. Property taxes in Brecksville 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 Brecksville'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 Brecksville 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
Brecksville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$6,939
Ownwell’s Brecksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brecksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brecksville 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 Brecksville, Ohio
Property taxes in Brecksville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brecksville is 2.33%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Brecksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brecksville 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 Brecksville's effective property tax rate to other areas in Cuyahoga County and the national median. For comparison, the 44144 zip code has the highest median property tax rate of 2.54%, while the 44140 zip code has the lowest median tax rate of 2.30%. Understanding how these cities compare with Brecksville 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 Brecksville Tax Rate
2.33%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brecksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44140 | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 44141 | 2.15% | 2.26% | 2.33% | 2.40% | 2.56% |
| 44144 | 2.54% | 2.54% | 2.54% | 2.54% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Brecksville, Ohio
In Brecksville, 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 Brecksville, 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. The median home price in Brecksville is $297,800, with tax bills ranging from $5,504 at the 25th percentile to $12,101 at the 90th percentile. The highest median tax bill in Cuyahoga County is $8,253 in the 44140 zip code, while the lowest is $3,184 in the 44144 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Brecksville Assessed Value
$297,800
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 Brecksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44140 | $358,600 | $358,600 | $358,600 | $358,600 | $358,600 |
| 44141 | $167,700 | $235,000 | $297,800 | $393,600 | $534,880 |
| 44144 | $125,500 | $125,500 | $125,500 | $125,500 | $125,500 |
Source: Ownwell
Property Tax Bills Across Brecksville, Ohio
In Brecksville, located in Cuyahoga County, Ohio, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the final amount, including property characteristics, neighborhood amenities, and local government budgets. For homeowners in Brecksville, the median home price stands at $297,800. Tax bills vary significantly, with the 25th percentile at $5,504 and the 75th percentile reaching $9,015. At the higher end, the 90th percentile tax bill is $12,101. These values highlight the range of property tax burdens within the city. Compared to the national median property tax rate of 0.99%, Brecksville's tax rates reflect both the higher property values and the specific fiscal needs of the community. Homeowners must account for these taxes in their annual budgets, as they can significantly impact overall housing costs. Understanding these local tax dynamics is crucial for financial planning and long-term investment decisions.
Average Brecksville Tax Bill
$6,913
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brecksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44140 | $8,253 | $8,253 | $8,253 | $8,253 | $8,253 |
| 44141 | $4,014 | $5,505 | $6,913 | $9,016 | $12,105 |
| 44144 | $3,184 | $3,184 | $3,184 | $3,184 | $3,184 |
Source: Ownwell