East Claridon, Ohio Property Taxes
The median property tax rate in East Claridon, OH is 1.58%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $161,800 in East Claridon, the typical annual property tax bill is approximately $2,562, slightly below the national median of $2,690. Property taxes in East Claridon are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding East Claridon'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 East Claridon 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
East Claridon, 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 EAST CLARIDON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST CLARIDON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST CLARIDON 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 East Claridon, Ohio
Property taxes in East Claridon, Ohio, play a crucial role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in East Claridon is 1.58%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within East Claridon set these rates annually, and they can vary across different neighborhoods. Each year, East Claridon 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 East Claridon's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44033 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these areas compare with East Claridon provides valuable insights into the varying tax landscape across Geauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Claridon Tax Rate
1.58%
Average Geauga County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Claridon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44033 | 1.57% | 1.57% | 1.58% | 1.59% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across East Claridon, Ohio
In East Claridon, 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 Geauga 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 East Claridon, 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. For instance, the median home price in the area is $161,800, with tax bills ranging from $2,382 at the 25th percentile to $2,850 at the 90th percentile. The zip code 44033 has the highest median tax bill of $2,562. 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 in East Claridon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Claridon Assessed Value
$161,800
Average Geauga County Assessed Value
$217,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Claridon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44033 | $145,160 | $151,400 | $161,800 | $172,200 | $178,440 |
Source: Ownwell
Property Tax Bills Across East Claridon, Ohio
In East Claridon, located in Geauga County, OH, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in East Claridon is $161,800. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in East Claridon, property tax bills vary significantly. For example, the tax bill at the 25th percentile is $2,382, while at the 75th percentile, it rises to $2,742. At the 90th percentile, homeowners might see a tax bill of up to $2,850. These property taxes are crucial as they fund essential community services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, East Claridon's rates are relatively high, which can impact homeowners by increasing their annual housing costs. Understanding how these taxes are calculated can help homeowners anticipate their financial obligations and plan accordingly.
Average East Claridon Tax Bill
$2,562
Average Geauga County Tax Bill
$4,427
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across East Claridon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44033 | $2,274 | $2,382 | $2,562 | $2,742 | $2,850 |
Source: Ownwell