Broadview Heights, Ohio Property Taxes
The median property tax rate in Broadview Heights, OH is 2.26%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Broadview Heights at $242,900, the typical annual property tax bill reaches $5,470, exceeding the national median of $2,690. Property taxes in Broadview Heights 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 Broadview Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Broadview Heights 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
Broadview Heights, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$5,490
Ownwell’s Broadview Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broadview Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broadview 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 Broadview Heights, Ohio
Property taxes in Broadview Heights, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Broadview Heights is 2.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Broadview Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broadview Heights 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 Broadview Heights' effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44147 has the highest median property tax rate of 2.26%, while the lowest median tax rate is also 2.26%. Understanding how these cities compare with Broadview Heights 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 Broadview Heights Tax Rate
2.26%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broadview Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44147 | 2.06% | 2.24% | 2.26% | 2.31% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Broadview Heights, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Broadview Heights, Ohio. The market value represents 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. Assessment notices in Broadview Heights 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. In Broadview Heights, the zip code 44147 has the highest median tax bill of $5,470, which is also the lowest. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Broadview Heights, Ohio
Source: Ownwell
$1,700
$1,166,850
$2,332,000
Average Broadview Heights Assessed Value
$242,900
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 Broadview Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44147 | $99,200 | $180,050 | $242,900 | $348,900 | $432,540 |
Source: Ownwell
Property Tax Bills Across Broadview Heights, Ohio
In Broadview Heights, located in Cuyahoga County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For homeowners in Broadview Heights, the median home price stands at $242,900. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates, any applicable exemptions, and the specific value assessments. The property tax rate in Broadview Heights can result in varying tax bills, with the 25th percentile being $3,963 and the 75th percentile reaching $7,938. For those at the 90th percentile, the tax bill can go up to $9,780. Compared to the national median property tax rate of 0.99%, homeowners in Broadview Heights experience a range of tax bills that can significantly impact their annual expenses. The highest median tax bill recorded here is $5,470, which falls within the zip code 44147.
Average Broadview Heights Tax Bill
$5,470
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Broadview Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44147 | $2,195 | $3,963 | $5,470 | $7,938 | $9,780 |
Source: Ownwell