Oakwood Village, Cuyahoga County, Ohio Property Taxes
Median OAKWOOD VILLAGE, OH effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median OAKWOOD VILLAGE, OH home value: $273,700
Median annual OAKWOOD VILLAGE, OH tax bill: $5,432, $3,032 higher than the national median property tax bill of $2,400.
How are property taxes in Cuyahoga calculated?
Property taxes in OAKWOOD VILLAGE, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding OAKWOOD VILLAGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OAKWOOD VILLAGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oakwood Village, Cuyahoga County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.01%
Estimate Property Tax Bill
$5,501
$5,105
Property Tax Rates Across Oakwood Village, Cuyahoga County, Ohio
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Oakwood Village, located in Cuyahoga County, Ohio, the effective property tax rate is 2.01%. This rate is significantly higher than the national median property tax rate of 1.02%. When compared to other cities in Ohio, Oakwood Village's tax rate stands out as one of the highest in the state. This elevated rate reflects the local government's budgetary needs and the value of taxable property within the area.
For property owners in Oakwood Village, this means that tax bills can be considerably higher than the national median property tax bill of $2,400. Understanding these rates and how they are determined can help property owners better plan for their annual expenses and consider appealing their property assessments if they believe them to be inaccurately high.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Oakwood Village Tax Rate
2.01%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cuyahoga County Tax Rate
2.64%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oakwood Village, Cuyahoga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44146 | 1.98% | 1.99% | 2.01% | 2.03% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Oakwood Village, Cuyahoga County, Ohio
When examining property taxes in Oakwood Village, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cuyahoga County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cuyahoga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Oakwood Village. For example, the median home price in Oakwood Village is $273,700, with tax bills ranging significantly across the county. The zip code 44146 has the highest median home price at $273,700.
Property Tax Assessment Values Across Oakwood Village, Cuyahoga County, Ohio
Source: Ownwell
$20,800
$532,000
$1,043,200
Median Oakwood Village Market Value
$273,700
Median Cuyahoga County Market Value
$138,300
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oakwood Village, Cuyahoga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44146 | $246,400 | $258,100 | $273,700 | $295,400 | $302,700 |
Source: Ownwell
Property Tax Bills Across Oakwood Village, Cuyahoga County, Ohio
In Oakwood Village, located in Cuyahoga County, OH, property tax bills are determined by the assessed value of a homeowner's property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate to calculate the annual tax bill. In this area, the median home price is $273,700, with tax bills ranging from the 25th percentile at $5,178 to the 90th percentile at $6,202. These figures are notably higher than the national median property tax bill of $2,400, reflecting the local tax dynamics.
Homeowners in Oakwood Village face significant property tax obligations, which can impact their financial planning. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team reviews property assessments to identify discrepancies and files appeals on behalf of homeowners, aiming to secure savings. With Ownwell's expertise, Oakwood Village homeowners can navigate the complexities of property taxes more effectively, ensuring they only pay what is fair.
Median Oakwood Village Tax Bill
$5,432
Median Cuyahoga County Tax Bill
$3,544
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakwood Village, Cuyahoga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44146 | $4,936 | $5,178 | $5,432 | $5,798 | $6,202 |
Source: Ownwell