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 |
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.
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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
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]
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
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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Will put it on our “to do” list..Thanks, for reading our articles.
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