Whether you have recently purchased, or are a long time
resident of North East Ohio, it is important to stay up-to-date with the most recent
property tax information for our area. Every
county will re-evaluate property values using a three year cycle, and your
newly assigned property value effects the taxes we as homeowners are
responsible for. Many of us are ready
for the 2013 tax filing season, but do you actually know where the property
taxes are allocated?
Based on a $100,000 home value, the average tax rate equates
roughly to $2,213 in taxes (Depending on actual rates for the seven counties
surrounding the Cleveland-Akron area) and that amount is then dispersed
accordingly. The chart below created
with data from Cleveland.com shows us where our money is headed.
When considering purchasing home, a great REALTOR will be
able to let you know tax information for an area that you are looking at homes
for sale, and also pertinent information for the related areas that your taxes
are designated to. Often times taxes can
be lower in townships and villages, but research and education play crucial
roles for the long-term satisfaction resulting from choosing a particular area
in which to live.
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