Eastlake, Lake County, Ohio Property Taxes

Name: Property Tax Bills Across Eastlake, Lake County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Eastlake, OH effective property tax rate: 2.10%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Eastlake, OH home value: $135,205
Median annual Eastlake, OH tax bill: $1,831, $569 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

Property taxes in Eastlake, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Eastlake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eastlake, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Eastlake, Lake County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.1%

Estimate Property Tax Bill

$2,839

$2,635

Ownwell’s Eastlake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eastlake with just two data points. By entering your property's estimated assessed value, our calculator applies Eastlake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eastlake, Lake County, Ohio

Local government entities, like those in Eastlake, set tax rates that can vary significantly within Ohio. This is because each year, counties calculate their required budget for services and divide it by the total value of all taxable property in their area, resulting in the property tax rate. While laws and votes play a role in setting these rates and budgets, this is the basic annual process. Eastlake in Lake County has an effective property tax rate of 2.10%, notably higher than Ohio's average and the national median of 1.02%. This places Eastlake among the higher property tax rates in the state. The highest and lowest median tax rates in the region are both 2.09%, highlighting a narrow range in local tax rates. This comparison underscores the variability of property tax rates across different regions and the importance of understanding these differences for homeowners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Eastlake, Lake County, Ohio

Source: Ownwell

1.00%

1.79%

2.58%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Eastlake Tax Rate

2.10%

Median Effective Lake County Tax Rate

2.03%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eastlake, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44095	0.41%	1.23%	2.09%	3.04%	7.05%
44094	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Eastlake, Lake County, Ohio

When examining property taxes in Eastlake, OH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lake County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Eastlake.

For example, the median home price in Eastlake is $135,205, with tax bills ranging significantly across the county. Zip code 44095 has the highest median home price at $135,210.

Property Tax Assessment Values Across Eastlake, Lake County, Ohio

Source: Ownwell

$111,175

$393,275

$675,375

Median Eastlake Market Value

$135,205

Median Lake County Market Value

$154,020

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eastlake, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44095	$85,206	$103,635	$135,210	$170,530	$225,278
44094	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Eastlake, Lake County, Ohio

In Eastlake, OH, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Eastlake is $135,205. Property tax rates are applied to the assessed value, resulting in a tax bill. Homeowners in Lake County experience a range of tax bills, with the 25th percentile at $833 and the 75th percentile reaching $3,456. The tax bill can climb to $5,517 at the 90th percentile. The median property tax bill in the area is $1,840, which is below the national median of $2,400, reflecting a relatively moderate tax burden for homeowners in this region. However, even moderate tax bills can be a financial strain. This is where Ownwell can help. By analyzing your property's assessed value and market conditions, Ownwell identifies opportunities for appealing your property tax assessment, potentially lowering your tax bill and saving you money.

Property Tax Bills Across Eastlake, Lake County, Ohio

Source: Ownwell

$178

$9,225

$18,271

Median Eastlake Tax Bill

$1,831

Median Lake County Tax Bill

$1,087

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Eastlake, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44095	$27	$833	$1,840	$3,456	$5,529
44094	N/A	N/A	N/A	N/A	N/A

Source: Ownwell