Geauga County, Ohio Property Taxes
The median property tax rate in Geauga County is 1.98%, which is significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Geauga County at $217,300, the typical annual property tax bill reaches $4,427, which exceeds the national median of $2,690. Property taxes in Geauga County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Geauga County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Chardon or another part of Geauga County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geauga County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$4,303
$3,993
Ownwell’s Geauga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Geauga with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Geauga to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Geauga County, Ohio
Property taxes in Geauga County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Geauga County is 1.98%, which is higher than the U.S. national median of 0.99%. Local government entities within Geauga County set these rates annually, and they can vary significantly between different areas within the county. Each year, Geauga County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Geauga County's effective property tax rate with other cities in Ohio and the national median. For comparison, the city of Chagrin Falls has one of the higher property tax rates in Ohio at 2.17%, while the city of West Farmington boasts one of the lowest at 1.57%. Analyzing how Geauga County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Geauga County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geauga County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | 1.79% | 1.95% | 2.07% | 2.20% | 2.35% |
| Burton | 1.45% | 1.61% | 1.72% | 1.85% | 1.98% |
| Chagrin Falls | 1.88% | 2.01% | 2.17% | 2.48% | 2.94% |
| Chardon | 1.66% | 1.85% | 1.98% | 2.09% | 2.25% |
| Chesterland | 1.79% | 1.90% | 2.03% | 2.16% | 2.28% |
| Concord Township | 1.76% | 1.89% | 1.96% | 2.00% | 2.06% |
| East Claridon | N/A | N/A | N/A | N/A | N/A |
| Garrettsville | 1.35% | 1.50% | 1.62% | 1.78% | 1.99% |
| Gates Mills | 1.99% | 2.02% | 2.09% | 2.22% | 2.26% |
| Hiram | N/A | N/A | N/A | N/A | N/A |
| Huntsburg | 1.43% | 1.59% | 1.74% | 1.84% | 1.99% |
| Madison | 1.60% | 1.74% | 1.88% | 2.03% | 2.21% |
| Mentor | 1.80% | 1.85% | 1.92% | 1.99% | 2.06% |
| Middlefield | 1.36% | 1.56% | 1.69% | 1.85% | 1.97% |
| Montville | 1.45% | 1.65% | 1.78% | 1.88% | 2.02% |
| Newbury | 1.55% | 1.69% | 1.84% | 1.93% | 2.06% |
| Novelty | 1.79% | 1.92% | 2.08% | 2.21% | 2.34% |
| Parkman | 1.30% | 1.46% | 1.63% | 1.74% | 1.83% |
| Thompson | N/A | N/A | N/A | N/A | N/A |
| West Farmington | 1.31% | 1.45% | 1.57% | 1.59% | 1.69% |
| Willoughby | N/A | N/A | N/A | N/A | N/A |
| Windsor | 1.52% | 1.67% | 1.75% | 1.87% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Geauga County, Ohio
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Geauga County, Ohio. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Geauga County Appraisal District. The assessed value, however, 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. Assessment notices in Geauga County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Mentor has the highest median tax bill at $10,511, while Parkman has the lowest at $2,450. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Geauga County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Geauga County Assessed Value
$217,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geauga County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $199,230 | $229,550 | $257,200 | $290,625 | $316,960 |
| Burton | $84,360 | $123,650 | $166,300 | $235,175 | $314,180 |
| Chagrin Falls | $154,760 | $214,500 | $290,400 | $404,600 | $544,540 |
| Chardon | $53,800 | $140,900 | $210,400 | $291,900 | $383,600 |
| Chesterland | $136,300 | $172,700 | $219,300 | $292,200 | $381,540 |
| Concord Township | $176,530 | $185,075 | $224,650 | $340,925 | $1,088,340 |
| East Claridon | N/A | N/A | N/A | N/A | N/A |
| Garrettsville | $87,400 | $118,825 | $155,200 | $213,250 | $272,600 |
| Gates Mills | $179,600 | $226,950 | $276,300 | $403,150 | $546,820 |
| Hiram | N/A | N/A | N/A | N/A | N/A |
| Huntsburg | $94,020 | $133,650 | $177,250 | $228,675 | $293,730 |
| Madison | $40,720 | $95,575 | $135,450 | $196,100 | $252,160 |
| Mentor | $288,860 | $417,500 | $544,450 | $767,100 | $978,890 |
| Middlefield | $79,380 | $119,350 | $160,600 | $209,775 | $274,610 |
| Montville | $77,560 | $122,000 | $163,900 | $216,200 | $292,840 |
| Newbury | $60,720 | $110,500 | $180,100 | $248,850 | $332,480 |
| Novelty | $161,820 | $199,400 | $257,500 | $386,175 | $614,440 |
| Parkman | $85,760 | $114,450 | $156,900 | $236,150 | $276,240 |
| Thompson | N/A | N/A | N/A | N/A | N/A |
| West Farmington | $104,760 | $149,325 | $209,300 | $253,525 | $334,270 |
| Willoughby | N/A | N/A | N/A | N/A | N/A |
| Windsor | $99,850 | $148,050 | $198,150 | $254,525 | $312,550 |
Source: Ownwell
Property Tax Bills Across Geauga County, Ohio
In Geauga County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $217,300, homeowners can expect varying tax bills depending on their property's assessed value and specific location within the county. Tax bills in Geauga County range significantly, with the 25th percentile at $3,015 and the 75th percentile at $6,456. Homeowners in the 90th percentile face tax bills as high as $9,368. The highest median tax bill in the county is found in Mentor at $10,511, while Parkman has the lowest median tax bill at $2,450. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, and they can significantly impact a homeowner's annual budget. Homeowners should be aware of these factors to manage their finances effectively.
Average Geauga County Tax Bill
$4,427
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Geauga County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $3,634 | $4,614 | $5,321 | $6,310 | $7,169 |
| Burton | $1,440 | $2,181 | $2,910 | $4,011 | $5,235 |
| Chagrin Falls | $3,390 | $4,822 | $6,591 | $9,465 | $12,448 |
| Chardon | $2,258 | $3,052 | $4,342 | $6,003 | $7,787 |
| Chesterland | $2,911 | $3,570 | $4,515 | $5,980 | $7,795 |
| Concord Township | $3,351 | $3,539 | $4,215 | $6,731 | $21,338 |
| East Claridon | N/A | N/A | N/A | N/A | N/A |
| Garrettsville | $1,485 | $1,993 | $2,508 | $3,532 | $4,671 |
| Gates Mills | $3,950 | $4,910 | $5,866 | $8,380 | $11,484 |
| Hiram | N/A | N/A | N/A | N/A | N/A |
| Huntsburg | $1,664 | $2,375 | $3,092 | $3,958 | $4,937 |
| Madison | $797 | $1,774 | $2,676 | $3,710 | $4,977 |
| Mentor | $5,532 | $7,931 | $10,511 | $15,503 | $17,397 |
| Middlefield | $1,478 | $2,057 | $2,792 | $3,638 | $4,647 |
| Montville | $1,295 | $2,113 | $2,883 | $3,895 | $5,164 |
| Newbury | $964 | $1,909 | $3,422 | $4,674 | $6,128 |
| Novelty | $3,229 | $4,150 | $5,570 | $8,105 | $11,751 |
| Parkman | $1,386 | $1,951 | $2,450 | $3,486 | $4,641 |
| Thompson | N/A | N/A | N/A | N/A | N/A |
| West Farmington | $1,661 | $2,261 | $3,195 | $3,866 | $4,678 |
| Willoughby | N/A | N/A | N/A | N/A | N/A |
| Windsor | $1,884 | $2,617 | $3,532 | $4,419 | $5,323 |
Source: Ownwell