Shaker Heights, Ohio Property Taxes
The median property tax rate in Shaker Heights, OH is 3.83%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Shaker Heights at $230,300, the typical annual property tax bill reaches $8,599, far exceeding the national median of $2,690. Property taxes in Shaker 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 Shaker 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 Shaker 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
Shaker Heights, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.83%
Estimate Property Tax Bill
$8,820
Ownwell’s Shaker Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shaker Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shaker 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 Shaker Heights, Ohio
Property taxes in Shaker Heights, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shaker Heights is 3.83%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Shaker Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shaker 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 Shaker Heights' effective property tax rate to other areas in Ohio and the national median. For comparison, the 44120 zip code has the highest median property tax rate of 3.89%, while the 44118 zip code has the lowest median tax rate of 3.83%. Understanding how these areas compare with Shaker 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 Shaker Heights Tax Rate
3.83%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shaker Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44118 | 3.67% | 3.81% | 3.83% | 3.87% | 3.90% |
| 44120 | 3.89% | 3.89% | 3.89% | 3.89% | 3.89% |
| 44122 | 3.47% | 3.81% | 3.83% | 3.86% | 3.92% |
Source: Ownwell
Property Tax Assessment Values Across Shaker Heights, Ohio
In Shaker Heights, 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 Shaker Heights, 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 Shaker Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shaker Heights is $19,706 in the 44118 zip code, while the lowest is $8,500 in the 44122 zip code.
Average Shaker Heights Assessed Value
$230,300
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 Shaker Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44118 | $113,280 | $201,300 | $516,400 | $703,900 | $809,780 |
| 44120 | $1,700 | $1,700 | $1,700 | $1,700 | $1,700 |
| 44122 | $36,700 | $152,900 | $228,600 | $345,400 | $479,400 |
Source: Ownwell
Property Tax Bills Across Shaker Heights, Ohio
In Shaker Heights, property tax bills are calculated based on the assessed value of a home, which is determined by the Cuyahoga County Auditor. This assessed value is a percentage of the property's market value. For instance, a home with a median market price of $230,300 will have its assessed value set by the county's standards. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions or deductions. The median property tax rate in Shaker Heights is notably higher than the national median of 0.99%, resulting in substantial tax bills. Homeowners in the 25th percentile pay around $5,655, while those in the 75th percentile face bills of approximately $13,274. The impact on homeowners can be significant, especially when compared to national averages. For instance, the highest median tax bill in the area reaches $19,706 in ZIP code 44118, highlighting the financial commitment required to own property in Shaker Heights. These taxes fund essential local services, including schools and public safety, directly affecting the community's quality of life.
Average Shaker Heights Tax Bill
$8,599
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shaker Heights, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44118 | $4,320 | $7,520 | $19,706 | $26,866 | $30,907 |
| 44120 | $66 | $66 | $66 | $66 | $66 |
| 44122 | $1,290 | $5,606 | $8,500 | $13,089 | $18,342 |
Source: Ownwell