All across Northeast Ohio homeowners are beginning to see their property tax bills arrive in the mail. Here is a breakdown of where the tax income goes, here is some great information presented by Cleveland.com:
(From Cleveland.com “Here is how an average city tax bill of $2,213 per $100,000 of home value in the seven-county Cleveland-Akron area is divided. Note: many cites are not part of JVS districts, or are in counties without a community college, reducing the overall averages shown above for those purposes.”)
As you see, the majority of the income is going to the local school districts- which will not only have a positive impact on education, but also on home values in the area. We may all see taxes adversely from time to time, but it is a necessary “evil” and in the end leads to better neighborhoods and cities, and ultimately better real estate markets!
Here are the tax bill due dates by County:
• Cuyahoga County, July 10
• Geauga County, July 10
• Lake County, July 17
• Lorain County, July 12
• Medina County, July 12
• Portage County, July 15
• • Summit County, July 26.
In some scenarios, taxes are paid directly through your mortgage company, rather than to the county. If you are unsure contact your mortgage lender! As always, if you have questions relating to Northeast Ohio real estate, give me a call!