Broadview Hts, Ohio Property Taxes
The median property tax rate in Broadview Heights, OH is 2.30%, 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 $259,300, the typical annual property tax bill reaches $5,963, 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 Hts, 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 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 Hts, Ohio
Property taxes in Broadview Heights, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broadview Heights is 2.30%, significantly higher than both the Ohio state median and 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 areas in Cuyahoga County and the national median. For comparison, the 44147 zip code has the highest median property tax rate of 2.30%, while the 44136 zip code has the lowest median tax rate of 2.24%. Understanding how these areas 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 Hts Tax Rate
2.30%
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 Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44136 | 2.24% | 2.24% | 2.24% | 2.24% | 2.24% |
| 44147 | 2.08% | 2.24% | 2.30% | 2.31% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Broadview Hts, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Broadview Heights, Ohio. 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. 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. For instance, the zip code 44147 has the highest median tax bill at $6,002, while the zip code 44136 has the lowest at $3,848. 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 Broadview Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Broadview Hts Assessed Value
$259,300
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 Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44136 | $171,600 | $171,600 | $171,600 | $171,600 | $171,600 |
| 44147 | $170,550 | $221,150 | $260,600 | $335,425 | $462,850 |
Source: Ownwell
Property Tax Bills Across Broadview Hts, Ohio
Property tax bills in Broadview Heights, located in Cuyahoga County, OH, are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value, influenced by factors such as location, property size, and improvements. The local tax rate is then applied to this assessed value to arrive at the annual tax bill. For instance, with a median home price of $259,300, homeowners in Broadview Heights can expect varying tax bills. The 25th percentile tax bill is around $5,017, while the 75th percentile reaches $7,960, and the 90th percentile can be as high as $10,562. These figures highlight the significant range in property tax burdens within the city. Comparatively, the highest median tax bill in the area is $6,002 in the 44147 zip code, whereas the lowest median tax bill is $3,848 in the 44136 zip code. These variations can substantially impact homeowners' finances, making it crucial to understand how property taxes are calculated and what factors may influence them.
Average Broadview Hts Tax Bill
$5,963
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 Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44136 | $3,848 | $3,848 | $3,848 | $3,848 | $3,848 |
| 44147 | $3,847 | $5,069 | $6,002 | $7,971 | $10,573 |
Source: Ownwell