Brooklyn Hts, Ohio Property Taxes
The median property tax rate in Brooklyn Heights, OH is 1.75%, which is considerably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $290,400 in Brooklyn Heights, the typical annual property tax bill reaches $4,990, significantly exceeding the national median of $2,690. Property taxes in Brooklyn Heights are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brooklyn 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 Brooklyn 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
Brooklyn Hts, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$5,082
$4,716
Ownwell’s Brooklyn Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brooklyn Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brooklyn 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 Brooklyn Hts, Ohio
Property taxes in Brooklyn Heights, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Brooklyn Heights is 1.75%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Brooklyn Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brooklyn 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 Brooklyn Heights' effective property tax rate to other areas in Ohio and the national median. For comparison, the 44131 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these areas compare with Brooklyn 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 Brooklyn Hts Tax Rate
1.75%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brooklyn Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44131 | 1.72% | 1.73% | 1.75% | 1.77% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Brooklyn Hts, Ohio
In Brooklyn Hts, 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 Brooklyn Hts, 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 Brooklyn Hts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Brooklyn Hts, the median home price is $290,400, with tax bills ranging from $4,089 at the 25th percentile to $6,919 at the 90th percentile. The zip code with the highest and lowest median tax bill is 44131, with a value of $4,990.
Average Brooklyn Hts Assessed Value
$290,400
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 Brooklyn Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44131 | $71,600 | $224,600 | $290,400 | $329,000 | $383,700 |
Source: Ownwell
Property Tax Bills Across Brooklyn Hts, Ohio
In Brooklyn Heights, located in Cuyahoga County, OH, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value determined by local tax authorities. Homeowners in Brooklyn Heights typically see a range of tax bills, with the 25th percentile at $4,089 and climbing to $6,919 at the 90th percentile. The median home price in the area is $290,400, which helps contextualize these figures. Several factors contribute to the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. These factors combine to determine the financial responsibility of homeowners. For example, the highest median tax bill in the area is $4,990, which aligns with the national median property tax rate of 0.99%. Understanding how these elements interact is crucial for homeowners, as property taxes significantly impact annual expenses. Accurate assessments ensure fair taxation, helping to fund essential local services such as schools and infrastructure.
Average Brooklyn Hts Tax Bill
$4,990
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brooklyn Hts, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44131 | $1,321 | $4,089 | $4,990 | $5,797 | $6,919 |
Source: Ownwell