Highland Hts, Ohio Property Taxes
The median property tax rate in Highland Hts, OH is 2.38%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Highland Hts at $352,550, the typical annual property tax bill reaches $8,378, exceeding the national median of $2,690. Property taxes in Highland Hts 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 Highland Hts' 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 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
Highland Hts, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$8,391
Ownwell’s Highland Heights Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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 Hts, Ohio
Property taxes in Highland Hts, 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 Hts 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 Hts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland Hts 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 Hts' effective property tax rate to other areas in Ohio and the national median. For comparison, the 44124 zip code has the highest median property tax rate of 2.86%, while the 44146 zip code has the lowest median tax rate of 2.16%. Understanding how these areas compare with Highland Hts 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 Hts 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 Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44124 | 2.86% | 2.86% | 2.86% | 2.86% | 2.86% |
| 44143 | 2.16% | 2.35% | 2.38% | 2.40% | 2.42% |
| 44146 | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Highland Hts, Ohio
In Highland Heights, 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 Highland Heights, 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. The highest median tax bill in Highland Heights is $8,710 in the 44143 zip code, while the lowest median tax bill is $4,282 in the 44146 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Highland Hts Assessed Value
$352,550
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 Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44124 | $214,200 | $214,200 | $214,200 | $214,200 | $214,200 |
| 44143 | $180,570 | $215,650 | $365,800 | $485,925 | $565,530 |
| 44146 | $198,200 | $198,200 | $198,200 | $198,200 | $198,200 |
Source: Ownwell
Property Tax Bills Across Highland Hts, Ohio
In Highland Heights, property tax bills are calculated based on the assessed value of a home, which is determined by the Cuyahoga County assessor. This assessed value is then multiplied by the local tax rate to determine the property tax bill. For example, the median home price in Highland Heights is $352,550, and property tax bills can vary significantly. The tax bill at the 25th percentile is $4,861, while at the 75th percentile, it rises to $11,363. At the 90th percentile, some homeowners may see bills as high as $12,574. These figures illustrate the range of property taxes within the city, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Highland Heights homeowners may find their property tax bills to be relatively higher, reflecting the local property values and tax rates. This can have a significant impact on household budgets, making it crucial for homeowners to understand how their property taxes are assessed and calculated.
Average Highland Hts Tax Bill
$8,378
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 Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44124 | $6,137 | $6,137 | $6,137 | $6,137 | $6,137 |
| 44143 | $4,224 | $4,938 | $8,710 | $11,686 | $12,955 |
| 44146 | $4,282 | $4,282 | $4,282 | $4,282 | $4,282 |
Source: Ownwell