Moreland Hills, Ohio Property Taxes
The median property tax rate in Moreland Hills, OH is 2.39%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Moreland Hills at $431,750, the typical annual property tax bill reaches $11,771, far exceeding the national median of $2,690. Property taxes in Moreland Hills 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 Moreland Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moreland Hills 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
Moreland Hills, 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 Moreland Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moreland Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moreland Hills 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 Moreland Hills, Ohio
Property taxes in Moreland Hills, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moreland Hills is 2.39%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Moreland Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moreland Hills 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 Moreland Hills' effective property tax rate to other counties in Ohio and the national median. For comparison, the 44022 zip code has the highest median property tax rate of 2.39%, while the 44104 zip code has the lowest median tax rate of 2.39%. Understanding how these cities compare with Moreland Hills 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 Moreland Hills Tax Rate
2.39%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moreland Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44022 | 2.17% | 2.34% | 2.39% | 2.75% | 2.78% |
| 44104 | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Moreland Hills, Ohio
In Moreland Hills, 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 Cuyahoga County 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 Moreland Hills, 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 Moreland Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $12,016 in zip code 44022, while the lowest median tax bill is $4,133 in zip code 44104.
Average Moreland Hills Assessed Value
$431,750
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 Moreland Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44022 | $216,200 | $294,200 | $436,100 | $811,700 | $987,160 |
| 44104 | $173,200 | $173,200 | $173,200 | $173,200 | $173,200 |
Source: Ownwell
Property Tax Bills Across Moreland Hills, Ohio
In Moreland Hills, located in Cuyahoga County, OH, property tax bills are calculated based on the assessed value of the home. The county assesses property values periodically to ensure they reflect current market conditions. Once the property’s assessed value is determined, local tax rates are applied to calculate the annual tax bill. Homeowners in Moreland Hills face varying tax bills depending on their property values and specific tax rates. For instance, the 25th percentile of tax bills in the area is around $7,337, while the 75th percentile reaches $22,346. At the higher end, the 90th percentile tax bill can be as much as $27,103. These figures highlight the significant variation in tax obligations among homeowners. Compared to the national median property tax rate of 0.99%, Moreland Hills has higher tax bills, reflecting the area's higher median home price of $431,750. This can significantly impact homeowners, influencing their financial planning and potentially affecting property values.
Average Moreland Hills Tax Bill
$11,771
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Moreland Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44022 | $5,051 | $7,522 | $12,016 | $22,383 | $27,107 |
| 44104 | $4,133 | $4,133 | $4,133 | $4,133 | $4,133 |
Source: Ownwell