South Euclid, Ohio Property Taxes
The median property tax rate in South Euclid, OH is 2.70%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in South Euclid at $55,400, the typical annual property tax bill reaches $1,492, exceeding the national median of $2,690. Property taxes in South Euclid are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding South Euclid's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of South Euclid 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
South Euclid, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$1,496
Ownwell’s South Euclid Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Euclid with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Euclid to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more localized trends, additional neighborhood-specific information is available below. Your property’s assessed value, determined by Cuyahoga County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across South Euclid, Ohio
Property taxes in South Euclid, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Euclid is 2.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Euclid set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Euclid's effective property tax rate to other areas in Cuyahoga County and the national median. For comparison, the zip code 44143 has the highest median property tax rate of 3.28%, while the zip code 44121 has the lowest median tax rate of 2.70%. Understanding how these areas compare with South 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 regions.
Average South Euclid Tax Rate
2.70%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Euclid, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44121 | 1.22% | 2.64% | 2.70% | 3.31% | 3.37% |
| 44143 | 2.77% | 2.96% | 3.28% | 3.31% | 3.34% |
Source: Ownwell
Property Tax Assessment Values Across South Euclid, Ohio
In South 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 Fiscal Office 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 South 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. The median home price in South Euclid is $55,400. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in South Euclid is $4,012 in the 44143 zip code, while the lowest is $1,468 in the 44121 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Euclid Assessed Value
$55,400
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 South Euclid, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44121 | $38,680 | $44,500 | $55,000 | $113,700 | $137,520 |
| 44143 | $115,000 | $116,800 | $119,800 | $222,600 | $284,280 |
Source: Ownwell
Property Tax Bills Across South Euclid, Ohio
In South Euclid, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is a percentage of the market value of your property, and this figure is then multiplied by the tax rate set by Cuyahoga County. Various factors influence your tax bill, including property size, location, and any applicable exemptions. The median home price in South Euclid is $55,400. Homeowners here can expect a tax bill ranging from $1,100 at the 25th percentile to $4,523 at the 90th percentile. This variation is due to differences in property values and applicable exemptions. For example, the highest median tax bill in the area is $4,012 in the 44143 zip code, while the lowest is $1,468 in the 44121 zip code. Compared to the national median property tax rate of 0.99%, South Euclid's property tax rates can significantly impact homeowners, potentially leading to higher annual costs depending on the assessed value and location of the property.
Average South Euclid Tax Bill
$1,492
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Euclid, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44121 | $570 | $1,097 | $1,468 | $3,665 | $4,460 |
| 44143 | $3,207 | $3,509 | $4,012 | $7,344 | $9,343 |
Source: Ownwell