Find Local/State Taxes Levied For Any Home Address in Ohio

An aspect of a home purchase that is sometimes overlooked is the amount of taxes that will be paid for a given city, and address.  Everyone knows to look at what the property taxes are, but the other taxes levied usually are not given any attention.

The taxes I'm referring to include:

• Municipal Tax
• School District Income Tax
• Sales and Use Tax

When shopping for a home and deciding where to buy, this may help in deciding where you would like to live and educate you about the taxes you will be required to pay in a given location. 

The link below provides you with the tax rates for any address in the state of Ohio.

Ohio Tax Finder


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Radon In The Home: Facts and Solutions

Whenever I write an offer on a home for clients, and I mention getting a radon inspection, more times than not, my clients ask: what is radon and should I get an inspection? Once I tell them what it is, they usually opt for the inspection. Here's why:

Radon is an odorless, colorless radioactive gas that permeates from the soil and through the cement floor of a home's foundation/basement. It comes from the natural breakdown of uranium in the soil, and it is the second-highest known cause of lung cancer. Radon is present throughout the country in various concentration levels. These levels can vary from state-to-state, city-to-city and even from house-to-house. It can be present in any home, new or old, and it is estimated that 1 out of every 15 homes have elevated levels of radon gas.

The EPA deems that a radon concentration level at or above 4.0 pCi/L to be the point where mitigation should be considered and/or necessary. The average radon levels in homes across the United States in 1.3 pCi/L. The levels in Ohio are considered to be in the moderate to high range for radon (anywhere from 2 pCi/L to over 4pCi/L). The only way to know what levels of radon are in a home is to have the home tested.

Fortunately, homes with elevated radon levels can have the level of radon reduced by having the gas mitigated from the home. There are several methods a contractor can use to lower radon levels. Some of these methods prevent radon from entering the home, while others reduce radon levels after it has entered the home. Reviewing these methods and discussing with a contractor, will help you determine what technique is best for your situation.

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How to Calculate Property Taxes: Medina County, Ohio

If you're looking to buy or sell residential real estate, it is recommended that you know what the property taxes for the home will be, at a given price. This post is being written to demystify the calculation of property taxes, to help you determine this important piece of information.

The first step is to find out what the effective tax rate is for the city/school district in which the home is located. The most up-to-date tax rates for Medina County can be found at:

http://www.co.medina.oh.us/treas/taxrates.pdf

Be sure to choose the rate sheet for residential tax rates. Once you have this figure, you can follow the steps below to estimate property taxes.

How to Estimate Property Taxes:

1. Multiply the market value of the home by 35%
2. Select the effective millage (aka effective tax rate) for the community
3. Place $0.0 in front of the millage amount in Step 2
4. Multiply the result of Step 1 and Step 3
5. Divide by two (2) to get the half-year effective taxes
6. Multiply to result of Step 5 by 87.50% to determine the adjusted current general half-year tax (after 10% rollback and 2.5% credit)
7. Add special assessment, if any apply, to get the total tax bill


Here's an Example:

Tax on a $300,000 home in correct, Ohio (Hinckley School District)

1. $300,000 x 0.35 = $105,000
2. Millage for Hinckley 50.06
3. Millage figure to use in calculation is $0.05006
4. $105,000 x $0.05006 = $5,256.30
5. $5,256.30 divided by 2 = $2,628.15
6. $2,628.15 x 0.875 = $2,299.63 adjusted current half-year taxes
7. Be sure to add any Special Assessment, if applicable

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Neighborhood Spotlight: Benjamin Farm, Brunswick, OH

Park Place at Benjamin Farm in Brunswick, Ohio consists of just over 200 homes, and was established in 1994. The development consists of single family homes, most of which being built between 1995-1998 by Pulte Homes. Benjamin Farm is located off of W 130th St, South of Grafton Rd.

The community offers a country-like atmosphere with generous open spaces, private wooded parks, trails, and picnic facilities as well as the added amenity of living just a short drive from downtown Cleveland, highways, shopping and more. Benjamin Farm is located in the Brunswick school district.

Single family home prices in Benjamin Farm range from $200,000-$260,000, with a square footage range from approximately 1,800 to 3,500 sq ft. The home-owner association fee is $140.00 annually.

Feel free to Contact Me anytime for more information.


Benjamin Farm Association Website

Google Map of Benjamin Farm

Search for Brunswick Homes Currently For Sale

City of Brunswick Website

Brunswick School Ratings

Brunswick Demographics