Chardon, Ohio Property Taxes
The median property tax rate in Chardon, OH is 1.98%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Chardon at $210,400, the typical annual property tax bill reaches $4,342, well above the national median of $2,690. Property taxes in Chardon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Chardon'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 Chardon 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
Chardon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$4,166
Ownwell’s Chardon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chardon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chardon 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 Chardon, Ohio
Property taxes in Chardon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chardon is 1.98%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Chardon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chardon 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 Chardon's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44024 zip code has the highest median property tax rate of 1.98%, while it also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Chardon provides valuable insights into the varying tax landscape across Geauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chardon Tax Rate
1.98%
Average Geauga County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chardon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44024 | 1.66% | 1.85% | 1.98% | 2.09% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Chardon, Ohio
In Chardon, 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 Geauga 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 Chardon, 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 Chardon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 44024 in Chardon has both the highest and lowest median tax bill at $4,342.
Average Chardon Assessed Value
$210,400
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 Chardon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44024 | $53,800 | $140,900 | $210,400 | $291,900 | $383,600 |
Source: Ownwell
Property Tax Bills Across Chardon, Ohio
In Chardon, located in Geauga County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate, often referred to as the millage rate, is then applied to the assessed value to determine the annual tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Chardon can expect property tax bills to vary widely. For instance, the 25th percentile tax bill is around $3,052, while the 75th percentile tax bill reaches approximately $6,003. At the higher end, the 90th percentile tax bill is about $7,787. The median home price in Chardon is $210,400, which provides a context for these tax amounts. Compared to the national median property tax rate of 0.99%, homeowners in Chardon may find their tax bills relatively higher, impacting their overall cost of homeownership.
Average Chardon Tax Bill
$4,342
Average Geauga County Tax Bill
$4,427
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Chardon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44024 | $2,258 | $3,052 | $4,342 | $6,003 | $7,787 |
Source: Ownwell