Cuyahoga Falls, Ohio Property Taxes
The median property tax rate in Cuyahoga Falls, OH is 1.76%, notably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $162,090, the typical annual property tax bill in Cuyahoga Falls amounts to $2,791, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Cuyahoga Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cuyahoga Falls 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
Cuyahoga Falls, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$2,853
Ownwell’s Cuyahoga Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cuyahoga Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cuyahoga Falls 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 Cuyahoga Falls, Ohio
Property taxes in Cuyahoga Falls, Ohio, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cuyahoga Falls is 1.76%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cuyahoga Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cuyahoga Falls 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 Cuyahoga Falls' effective property tax rate to other areas in Summit County and the national median. For comparison, the 44223 zip code has the highest median property tax rate of 1.76%, while the 44224 zip code has the lowest median tax rate of 1.74%. Understanding how these areas compare with Cuyahoga Falls provides valuable insights into the varying tax landscape across Summit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cuyahoga Falls Tax Rate
1.76%
Average Summit County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cuyahoga Falls, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44221 | 1.40% | 1.66% | 1.75% | 1.83% | 1.91% |
| 44223 | 1.47% | 1.68% | 1.76% | 1.86% | 1.96% |
| 44224 | 1.54% | 1.71% | 1.74% | 1.85% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Cuyahoga Falls, Ohio
In Cuyahoga Falls, 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 Summit 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 Cuyahoga Falls, 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 Cuyahoga Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,618 in the 44224 zip code, while the lowest is $2,582 in the 44221 zip code.
Average Cuyahoga Falls Assessed Value
$162,090
Average Summit County Assessed Value
$168,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cuyahoga Falls, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44221 | $114,970 | $132,030 | $150,410 | $173,100 | $198,205 |
| 44223 | $133,237 | $157,628 | $191,000 | $269,970 | $365,162 |
| 44224 | $125,815 | $148,168 | $250,100 | $311,850 | $330,605 |
Source: Ownwell
Property Tax Bills Across Cuyahoga Falls, Ohio
In Cuyahoga Falls, located in Summit County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including property location, market trends, and any applicable exemptions. For homeowners in Cuyahoga Falls, understanding their tax bill is crucial. The median home price in the area stands at $162,090. Tax bills vary significantly, with the 25th percentile at $2,345 and the 75th percentile at $3,453. At the higher end, the 90th percentile sees tax bills around $4,930. The highest median tax bill in the region is $4,618, found in the 44224 zip code, while the lowest is $2,582 in the 44221 zip code. Given that the national median property tax rate is 0.99%, these figures illustrate the local variations and their impact on homeowners' financial planning.
Average Cuyahoga Falls Tax Bill
$2,791
Average Summit County Tax Bill
$2,683
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cuyahoga Falls, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44221 | $1,842 | $2,214 | $2,582 | $3,000 | $3,509 |
| 44223 | $2,192 | $2,706 | $3,314 | $4,769 | $6,766 |
| 44224 | $2,236 | $2,480 | $4,618 | $5,380 | $5,748 |
Source: Ownwell