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Homeowners in Ohio face a wide range of property tax rates due to the state’s renowned diversity of municipalities. Property taxes can be a burden in some parts of the state while being manageable in others.
Homebuyers and locals alike might benefit from knowing which areas have the highest property tax rates.
According to recent statistics, these are the five Ohio counties with the highest property tax rates.
1. Overview of Cuyahoga County
Among Ohio’s counties, Cuyahoga County has some of the most expensive property taxes, and it is home to numerous suburbs of Cleveland. As a large metropolitan area with substantial demands for public services and infrastructure, the county’s property tax rates are commensurate with these demands.
Notable Qualities:
- The maximum amount that a property must pay in taxes cannot be more than 2.5% of its assessed value.
- Real estate in Cuyahoga County, especially in Cleveland Heights and Shaker Heights, can command hefty yearly property tax costs for homeowners.
- Cause of Exorbitant Prices: Funding needs for local schools, public safety, and infrastructure maintenance contribute to Cuyahoga County’s high property tax rates.
2. Franklin County
Franklin County, home to Columbus, the capital of Ohio, is one of several counties in Ohio that levies relatively high property taxes. The high demand for housing and other forms of urban development in the county affects the rates.
Notable Qualities:
- Rates for real estate in Franklin County might go higher than 2.4% in certain places.
- The effect: Homeowners in Columbus and the neighboring suburbs may find themselves saddled with hefty property taxes.
- Cause of Exorbitant Prices: Franklin County’s high property tax rates are a result of the necessity to fund numerous public services and infrastructure projects.
3. Overview of Hamilton County
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High property taxes are another issue in this county, which encompasses Cincinnati. Extensive public services and the needs of a big urban region impact the tax rates in the county.
Notable Qualities:
- Rates for real estate in Hamilton County can go as high as 2.3% in certain regions.
- A larger share of a homeowner’s income goes toward paying property taxes in Cincinnati and the surrounding areas, including Hyde Park and Mount Lookout.
- Cause of Exorbitant Prices: The high costs of community services and infrastructure maintenance are the main drivers of Hamilton County’s high property taxes.
4. Overview of Summit County
Some of Ohio’s highest property tax rates are found in Summit County, which is home to Akron, the largest city in the county. Urban and suburban residents’ needs are reflected in the county’s tax rates.
Notable Qualities:
- Summit County’s property tax rates can go higher than 2.2% in some towns.
- Effect: Property taxes in Akron and the nearby areas can be somewhat high.
- Property tax rates in Summit County are high because these services—local schools, emergency response, and infrastructure—need substantial funding.
5. Lorain County
Homeowners in both rural and urban parts of Lorain County, which is located around Lake Erie, are affected by the high property tax rates. Taxes in this county are among the most expensive in all of California.
Notable Qualities:
- Rates in Lorain County for real estate might get close to 2.1%.
- Effect: Lorain and Elyria are two examples of cities where homeowners are hit with comparatively high property tax bills.
- Lorain County’s high property tax rates are a direct result of the high expense of providing essential public services and maintaining the county’s infrastructure.
The End
The property tax rates in Ohio can range from very low in certain regions to quite expensive in others. Among the top five counties in Ohio in terms of property tax rates are Franklin, Lorain, Summit, and Cuyahoga. Education, public safety, and infrastructure are just a few of the public services that require very high rates to be funded.
For homeowners and prospective buyers, understanding these rates can help in making informed decisions and planning for property-related expenses.
