Westlake, Ohio Property Taxes
The median property tax rate in Westlake, OH is 1.91%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Westlake at $280,950, the typical annual property tax bill reaches $5,298, exceeding the national median of $2,690. Property taxes in Westlake 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 Westlake'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 Westlake 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
Westlake, 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 Westlake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westlake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westlake 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 Westlake, Ohio
Property taxes in Westlake, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westlake is 1.91%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westlake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westlake 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 Westlake's effective property tax rate to other areas in Cuyahoga County and the national median. For comparison, the 44146 zip code has the highest median property tax rate of 2.42%, while the 44145 zip code has the lowest median tax rate of 1.91%. Understanding how these areas compare with Westlake 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 Westlake Tax Rate
1.91%
Average Cuyahoga County Tax Rate
2.64%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westlake, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44122 | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 44124 | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% |
| 44145 | 1.73% | 1.91% | 1.91% | 1.91% | 1.95% |
| 44146 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Westlake, Ohio
In Westlake, 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 Westlake, 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. For instance, the highest median tax bill in the area is $11,576 in zip code 44122, while the lowest is $3,870 in zip code 44146. Being aware of these valuation processes in Westlake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westlake Assessed Value
$280,950
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 Westlake, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44122 | $592,700 | $592,700 | $592,700 | $592,700 | $592,700 |
| 44124 | $319,200 | $319,200 | $319,200 | $319,200 | $319,200 |
| 44145 | $117,700 | $189,800 | $280,900 | $386,300 | $547,900 |
| 44146 | $160,000 | $160,000 | $160,000 | $160,000 | $160,000 |
Source: Ownwell
Property Tax Bills Across Westlake, Ohio
Property tax bills in Westlake, located in Cuyahoga County, Ohio, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Various factors influence this valuation, including the property's size, location, and condition. Homeowners in Westlake face a range of property tax bills. For instance, the 25th percentile tax bill is $3,549, while the 75th percentile tax bill reaches $7,344. Those in the 90th percentile can see tax bills as high as $10,421. Comparatively, the median home price in the area is $280,950, which means property taxes can significantly impact household budgets. The highest median tax bill in the county is $11,576 in zip code 44122, whereas the lowest is $3,870 in zip code 44146. Understanding these variances helps homeowners anticipate their financial obligations and plan accordingly.
Average Westlake Tax Bill
$5,298
Average Cuyahoga County Tax Bill
$3,544
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Westlake, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44122 | $11,576 | $11,576 | $11,576 | $11,576 | $11,576 |
| 44124 | $6,092 | $6,092 | $6,092 | $6,092 | $6,092 |
| 44145 | $2,163 | $3,549 | $5,298 | $7,343 | $10,419 |
| 44146 | $3,870 | $3,870 | $3,870 | $3,870 | $3,870 |
Source: Ownwell