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Broker Forum
Brokers and office managers, be sure to join us on December 4 to hear a tax update and learn how to communicate with the IRS. more...
 
Top Producer Panel
This year's Holiday Breakfast will feature some of the area's top producers. Learn the secrets of their success on December 12. more...
 
Rookie Program
Join us on November 19 for our Rookie REALTOR business planning session. This event will assist you in making 2009 a successful year and give you pointers on how to work in a tough market. more...

How to Calculate your Property Taxes

3 Easy Steps to estimate property taxes for Your Home

Step 1: Estimate the fair market value of your home. For a more accurate result use the market value of your home as set by the County Auditor'™s Office, Call 216-443-7092

Step 2: Use your market value of your home and multiply that by your Taxing District's "tax as a % of market" figure (as shown in the table below).

Step 3: The Sum of step 2 is a estimate of your yearly taxes. Please remember there are additional factors that may not be included such as special assessments and Homestead exemption figures.

Voted Tax Rate: The Voted Tax Rate is the total rate approved by the voters in your taxing district for support of your school district, library, municipality, vocational school, community college, metropark system and county-wide services. This rate also includes 10 mills of unvoted taxes guaranteed by the Ohio Constitution.

Effective Tax Rate: The Effective Tax Rate is your tax rate after the tax reduction factor is applied. You are protected from unvoted increases in taxes by Ohio Legislation known as House Bill 920. Passed in 1976, HB 920 reduces your rate as property values in your district increase during triennial reappraisals and updates.

Tax as a percentage of Market: The Tax as a percentage of market is a simple percentage used to estimate total property taxes for a property. Multiply the market value of the the property by the percentage listed for your taxing district. (See below: Tax as a % of Market)

EXAMPLE Taxes for a $100,000 home in:

Cleveland $100,000 x 1.92% = $1920 annual property tax bill
Parma $100,000 x 1.92% = $1920 annual property tax bill
Euclid $100,000 x 1.98% = $1980 annual property tax bill
Lakewood $100,000 x 2.49% = $2490 annual property tax bill

Additional factors affecting your tax bill:

Special Assessments - charges by your city or county to cover the cost of improvements or services.

Homestead Exemption - a reduction in property taxes available to all Ohio citizens 65 years of age and older, and disabled homeowners. For more information regarding the Homestead Exemption call 216-443-7050.

TAXING DISTRICT

Voted Tax Rate

Effective Tax Rate

Tax as a %
of Market

BAY VILLAGE 143.95 78.49 2.40%
BEACHWOOD 106.50 56.62 1.73%
BEACHWOOD/WARRENSVILLE 114.30 71.50 2.19%
BEDFORD 100.60 61.65 1.89%
BEDFORD HTS 100.80 61.85 1.89%
BEDFORD HTS/ORANGE 119.20 70.86 2.17%
BENTLEYVILLE 137.40 72.75 2.23%
BEREA 114.70 68.89 2.11%
BEREA /OLMSTED FALLS 130.60 73.55 2.25%
BRATENAHL 103.80 62.02 1.90%
BRECKSVILLE 107.90 65.61 2.01%
BROADVIEW HTS 108.70 63.29 1.94%
BROADVIEW HTS/N. ROYALTON 91.20 60.61 1.86%
BROOKLYN 69.00 52.75 1.62%
BROOKLYN HTS 55.50 46.68 1.43%
BROOKPARK 102.25 60.51 1.85%
BROOKPARK/CLEVELAND 94.55 54.66 1.67%
CHAGRIN FALLS TWP 129.70 66.50 2.04%
CHAGRIN FALLS VILLAGE 140.10 74.54 2.28%
CLEVELAND HTS. 173.70 92.56 2.83%
CLEVELAND HTS /E. CLEVELAND 130.20 70.39 2.16%
CUYAHOGA HTS 55.50 46.68 1.43%
EAST CLEVELAND 130.00 70.19 2.15%
EUCLID 115.50 64.82 1.98%
FAIRVIEW PARK 130.40 83.12 2.55%
FAIRVIEW PARK/BEREA 109.30 67.34 2.06%
FAIRVIEW PARK/ROCKY RIVER 113.20 67.44 2.07%
GARFIELD HTS 98.60 81.76 2.50%
GARFIELD HTS/CLEVELAND 111.70 71.88 2.20%
GATES MILLS 106.02 61.17 1.87%
GLENWILLOW 98.80 61.01 1.87%
HIGHLAND HTS 95.62 53.07 1.63%
HUNTING VALLEY 111.30 62.96 1.93%
INDEPENDENCE 56.50 51.98 1.59%
LAKEWOOD 146.00 81.20 2.49%
LINNDALE 92.60 52.78 1.62%
LYNDHURST 127.90 74.61 2.28%
MAPLE HTS 98.60 69.53 2.13%
MAYFIELD  VILLAGE 98.92 53.23 1.63%
MAYFIELD HTS 101.62 59.07 1.81%
MIDDLEBURG HTS 102.95 60.50 1.85%
MORELAND HILLS /C FALLS 135.80 72.60 2.22%
MORELAND HILLS /ORANGE 113.50 65.16 2.00%
NEWBURGH HTS 109.30 66.78 2.05%
NORTH OLMSTED 119.30 74.18 2.27%
N OLMSTED /OLMSTED FALLS 127.60 74.69 2.29%
NORTH RANDALL 115.10 71.68 2.20%
NORTH ROYALTON 90.00 60.11 1.84%
N ROYALTON /BRECKSVILLE 107.50 62.78 1.92%
OAKWOOD 91.60 52.65 1.61%
OLMSTED TWP 135.90 72.59 2.22%
OLMSTED FALLS 130.90 71.08 2.18%
OLMSTED FALLS/BEREA 114.00 65.42 2.00%
ORANGE  113.30 64.96 1.99%
ORANGE/WARRENSVILLE 117.40 74.60 2.28%
PARMA 92.00 62.80 1.92%
PARMA HTS 95.10 66.48 2.04%
PEPPER PIKE /BEACHWOOD 112.00 61.67 1.89%
PEPPER PIKE 115.70 66.92 2.05%
RICHMOND HTS 115.80 65.73 2.01%
RICHMOND HTS /S EUCLID-LYND. 133.40 77.41 2.37%
ROCKY RIVER 112.30 66.83 2.05%
SEVEN HILLS 94.10 64.89 1.99%
SHAKER HTS 202.40 99.58 3.05%
SOLON 99.60 61.65 1.89%
SOLON/ORANGE 110.30 61.80 1.89%
SOUTH EUCLID 131.10 76.01 2.33%
SOUTH EUCLID /CLEV HTS 175.50 92.57 2.83%
STRONGSVILLE 114.00 64.36 1.97%
UNIVERSITY HTS 174.00 92.86 2.84%
VALLEY VIEW 58.20 47.61 1.46%
WALTON HILLS 88.10 49.15 1.51%
HIGHLAND HILLS 131.00 83.25 2.55%
WARRENSVILLE HTS 123.50 74.09 2.27%
WARRENSVILLE HTS/ORANGE 119.40 64.45 1.97%
WESTLAKE 97.00 59.68 1.83%
WOODMERE 110.50 62.16 1.90%
CLEVELAND 102.50 62.68 1.92%
CLEVELAND/BEREA 110.20 68.53 2.10%
CLEVELAND/SHAKER 205.20 102.38 3.14%

**The information on this page was provided by the Cuyahoga County Auditor.
 

The mission of the Cleveland
Area Board of REALTORS
(CABOR) is to be the leading resource and advocate for the real estate community, to enhance the ability, conduct
and image of its members and to protect and promote real property rights.



Designation Awareness
November is designation awareness month. Expand your professionalism with a new designation. Additionally, CABOR offers a scholarship to help offset the cost of earning one of these important tools that will help your career. more...
 
Expo Exhibitors
We would like to thank all of the exhibitors who helped support this year's REALTOR Expo. Be sure to support these businesses that support your association. more...  
 
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