Euclid, Ohio Property Taxes
The median property tax rate in Euclid, OH is 2.97%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $87,200 in Euclid, the typical annual property tax bill reaches $2,509, which is just below the national median of $2,690. Property taxes in Euclid are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Euclid's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Euclid or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Euclid, 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 Euclid Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Euclid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Euclid 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 Euclid, Ohio
Property taxes in Euclid, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Euclid is 2.97%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Euclid set these rates annually, and they can vary significantly across different neighborhoods. Each year, Euclid 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 Euclid's effective property tax rate to other cities in Ohio and the national median. For comparison, the 44121 zip code has the highest median property tax rate of 3.55%, while the 44143 zip code has the lowest median tax rate of 2.82%. Understanding how these cities compare with Euclid 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 Euclid Tax Rate
2.97%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Euclid, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44117 | 2.31% | 2.92% | 2.95% | 3.01% | 3.13% |
| 44119 | 2.44% | 2.86% | 2.90% | 2.91% | 2.94% |
| 44121 | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
| 44123 | 2.21% | 2.93% | 2.99% | 3.06% | 3.20% |
| 44132 | 2.23% | 2.91% | 2.97% | 3.03% | 3.12% |
| 44143 | 1.76% | 1.93% | 2.82% | 2.82% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Euclid, Ohio
In Euclid, 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 Euclid, 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 Euclid helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $4,328 in the 44119 zip code, while the lowest is $702 in the 44121 zip code. This significant difference underscores the importance of understanding and managing your property taxes effectively.
Average Euclid Assessed Value
$87,200
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 Euclid, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44117 | $49,700 | $76,400 | $104,700 | $119,600 | $135,400 |
| 44119 | $132,920 | $141,500 | $152,700 | $168,900 | $199,640 |
| 44121 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 |
| 44123 | $39,600 | $66,300 | $79,200 | $97,650 | $124,900 |
| 44132 | $47,720 | $74,050 | $88,500 | $107,300 | $125,400 |
| 44143 | $56,400 | $64,150 | $74,650 | $77,900 | $77,900 |
Source: Ownwell
Property Tax Bills Across Euclid, Ohio
In Euclid, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this assessed value. For homeowners in Euclid, located in Cuyahoga County, the property tax rate is an essential factor. The median home price in Euclid is $87,200, and property taxes can vary significantly across different percentiles. For example, the tax bill at the 25th percentile is around $1,960, while at the 75th percentile, it rises to approximately $3,108. At the 90th percentile, homeowners may see tax bills as high as $3,717. These amounts reflect how property taxes can influence the cost of homeownership. The highest median tax bill in Euclid's zip code 44119 is $4,328, contrasting sharply with the lowest median tax bill of $702 in zip code 44121. Compared to the national median property tax rate of 0.99%, Euclid's rates highlight the importance of understanding local tax assessments and their impact on financial planning for homeowners.
Average Euclid Tax Bill
$2,509
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Euclid, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44117 | $1,485 | $2,177 | $2,952 | $3,411 | $3,875 |
| 44119 | $3,401 | $3,934 | $4,328 | $4,825 | $5,762 |
| 44121 | $702 | $702 | $702 | $702 | $702 |
| 44123 | $1,138 | $1,867 | $2,310 | $2,832 | $3,590 |
| 44132 | $1,401 | $2,002 | $2,557 | $3,036 | $3,597 |
| 44143 | $1,093 | $1,388 | $1,759 | $2,168 | $2,197 |
Source: Ownwell