State of Ohio Property Taxes…how does Lake County stack up?

We wanted to illustrate how the Lake County political sub-divisions are relying very heavily on property taxes for their funding.  Here is a definition of a political sub-division:

“POLITICAL SUBDIVISIONS are local governments created by the states to help fulfill their obligations. Political subdivisions include counties, cities, towns, villages, and special districts such as school districts, water districts, park districts, and airport districts.”

The first chart, courtesy of Wallet Hub,  gives the effective real estate tax rates, expressed as a percentage of market value, for every State.  Ohio is ranked as the 39th out of the 50 States with the highest property taxes with 1.57% of the home market value.

https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/#real-estate

                 Real-Estate Property Tax Rates by State

Rank
(1=Lowest)

State

Effective Real-Estate Tax Rate

Annual Taxes on $194K Home*

State Median Home Value

Annual Taxes on Home Priced at State Median Value

1 Hawaii 0.27% $525 $563,900 $1,529
2 Alabama 0.42% $817 $132,100 $558
3 Louisiana 0.52% $1,006 $152,900 $795
4 Colorado 0.55% $1,065 $286,100 $1,575
4 District of Columbia 0.55% $1,055 $537,400 $2,930
6 Delaware 0.56% $1,078 $238,600 $1,329
7 South Carolina 0.57% $1,108 $148,600 $851
8 West Virginia 0.59% $1,132 $111,600 $653
9 Wyoming 0.61% $1,186 $204,900 $1,256
10 Arkansas 0.63% $1,213 $118,500 $743
11 Utah 0.66% $1,280 $238,300 $1,576
12 Nevada 0.69% $1,331 $216,400 $1,489
13 Arizona 0.72% $1,400 $193,200 $1,398
14 Tennessee 0.74% $1,429 $151,700 $1,120
15 Idaho 0.75% $1,447 $176,800 $1,322
16 California 0.77% $1,490 $443,400 $3,414
17 New Mexico 0.78% $1,502 $163,900 $1,272
18 Virginia 0.80% $1,550 $255,800 $2,049
18 Mississippi 0.80% $1,556 $109,300 $879
20 Montana 0.84% $1,625 $209,100 $1,756
21 North Carolina 0.86% $1,656 $161,000 $1,378
21 Kentucky 0.86% $1,667 $130,000 $1,120
23 Indiana 0.87% $1,679 $130,200 $1,130
24 Oklahoma 0.90% $1,737 $125,800 $1,129
25 Georgia 0.91% $1,769 $158,400 $1,448
26 Florida 0.98% $1,897 $178,700 $1,752
27 Missouri 0.99% $1,910 $145,400 $1,435
28 North Dakota 1.01% $1,962 $174,100 $1,765
29 Washington 1.03% $1,996 $286,800 $2,958
30 Oregon 1.04% $2,006 $265,700 $2,755
31 Maryland 1.10% $2,126 $296,500 $3,257
32 Minnesota 1.15% $2,225 $199,700 $2,296
33 Alaska 1.19% $2,303 $261,900 $3,117
34 Massachusetts 1.22% $2,365 $352,600 $4,309
35 South Dakota 1.32% $2,550 $152,700 $2,012
36 Maine 1.35% $2,619 $179,900 $2,435
37 Kansas 1.40% $2,713 $139,200 $1,952
38 Iowa 1.53% $2,960 $137,200 $2,099
39 Ohio 1.57% $3,042 $135,100 $2,124
40 Pennsylvania 1.58% $3,054 $170,500 $2,691
41 Michigan 1.64% $3,179 $136,400 $2,241
42 Rhode Island 1.66% $3,206 $242,200 $4,013
43 New York 1.68% $3,246 $293,000 $4,915
44 Nebraska 1.80% $3,485 $142,400 $2,565
45 Texas 1.83% $3,544 $151,500 $2,775
45 Vermont 1.83% $3,544 $220,600 $4,040
47 Wisconsin 1.94% $3,756 $169,300 $3,286
48 Connecticut 2.07% $3,999 $270,100 $5,582
49 New Hampshire 2.20% $4,257 $244,900 $5,388
50 Illinois 2.31% $4,476 $179,700 $4,157
51 New Jersey 2.44% $4,725 $321,100 $7,840

*$193,500 is the median home value in the U.S. as of 2017, the year of the most recent available data.
*********************1776

Now let’s compare Lake County property taxes by municipality to the overall State of Ohio average of 1.57%.

Thanks to NorthStar Title Services for the following handy reference guide providing us with the 2018 Lake County Residential Property Tax Rates.  Since the chart is based on the taxing districts, LFC inserted the taxing district next to each city, village or township.  The taxing district is based on the school district supported.

Multiply the market value of the home by the percentage listed below to determine the
approximate Real Property Taxes in each community. This figure does not include any Special Assessment charges or delinquent taxes due. The tax year 2018 is payable in year 2019.

Example of Taxes on a home in: Kirtland City $100,000 x 2.06% = $ 2,060.00

2018 LAKE COUNTY PROPERTY TAX RATES

The lowest effective real estate tax rate in Lake County is in taxing districts 3, 4, and 5 with 1.61%, but it is still higher than the State average of 1.57%.  No doubt,  the impact of the Perry Nuclear Plant, and their taxes paid to the Perry School District has helped reduce the real estate tax burden for the residents.

The dubious winner of the highest tax rate is taxing district 26 Waite Hill Village / Willoughby with 2.67%. [Yikes!]

There are 32 taxing districts in Lake County (some numbers have been dropped over the years).  The median and average percentage for Lake County is 2.20% . When compared to the State Average of 1.57%, it represents a 40.1% increase. [(2.20 – 1.57) / 1.57]

free speech zone

Conclusion: The numbers do not lie. We are convinced, more than ever, that if we continue on the current path of ever-increasing property taxes, the Lake County political sub-divisions will price many of the seniors, and others living on fixed incomes, out of their homes that they have worked all their lives to achieve.

Since the Lake County public schools are receiving 68% of the property taxes paid (Class 1, 2 and 3 property – residential, agricultural, commercial / industrial and public utilities), there must be a paradigm shift in the funding of public education. Even though there is declining enrollment, the cost of public education continues to increase.  Something has to change.

In addition, the growth of government, including the non-profits living off the government largesse,  has to be curtailed.  The increasing cost of the public sector is outpacing the ability of the private sector to pay for it.

It is simply not sustainable!

 

 



Categories: Lake County, Real Estate Taxes, Uncategorized

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3 replies

  1. I love the information. Could you lend a chart comparing all taxes, ex. Income taxes, sales taxes. It would be neat to see a comparison of lake county maybe effective out to per capita or household in political subdivision.

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  1. Residential Property Tax Rates…Northeast Ohio comparison – Lobbyists for Citizens

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