Kirtland, Ohio Property Taxes
The median property tax rate in Kirtland, OH is 1.85%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kirtland, the typical annual property tax bill reaches $180, significantly lower than the national median of $2,690. Property taxes in Kirtland 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 Kirtland'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 Kirtland 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
Kirtland, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$4,930
Ownwell’s Kirtland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirtland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirtland 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 Kirtland, Ohio
Property taxes in Kirtland, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirtland is 1.85%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kirtland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirtland 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 Kirtland's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44094 zip code has both the highest and lowest median property tax rate of 1.85%. Understanding how these cities compare with Kirtland provides valuable insights into the varying tax landscape across Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirtland Tax Rate
1.85%
Average Lake County Tax Rate
2.03%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirtland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44094 | 1.01% | 1.80% | 1.85% | 2.97% | 5.03% |
Source: Ownwell
Property Tax Assessment Values Across Kirtland, Ohio
In Kirtland, 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 Lake County Auditor 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 Kirtland, 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. Being aware of these valuation processes in Kirtland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kirtland, the highest and lowest median tax bills are both $180.00, found in the 44094 zip code.
Average Kirtland Assessed Value
$266,485
Average Lake County Assessed Value
$154,020
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kirtland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44094 | $18,444 | $182,482 | $266,485 | $464,978 | $574,752 |
Source: Ownwell
Property Tax Bills Across Kirtland, Ohio
In Kirtland, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the Lake County Auditor. This assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, the quality of local schools, and the level of public services provided. For instance, in Kirtland, the tax bill for the 25th percentile is $90, while those in the 75th percentile pay around $1,114, and the 90th percentile sees tax bills as high as $5,978. These variations reflect differences in property values and the specific tax rates applied. Homeowners in Kirtland benefit from understanding these factors, as they directly impact their financial obligations. Comparing this to the national median property tax rate of 0.99%, Kirtland's property taxes can vary significantly, making it essential for homeowners to stay informed about their specific tax rates and assessed values.
Average Kirtland Tax Bill
$180
Average Lake County Tax Bill
$1,087
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirtland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44094 | $75 | $90 | $180 | $1,114 | $5,978 |
Source: Ownwell