Gates Mills, Cuyahoga County, Ohio Property Taxes
Median Gates Mills, OH effective property tax rate: 2.55%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Gates Mills, OH home value: $439,400
Median annual Gates Mills, OH tax bill: $11,114, $8,714 higher than the national median property tax bill of $2,400.
How are property taxes in Cuyahoga calculated?
Property taxes in Gates Mills, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Gates Mills’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gates Mills, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gates Mills, Cuyahoga County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.55%
Estimate Property Tax Bill
$11,205
$10,398
Property Tax Rates Across Gates Mills, Cuyahoga County, Ohio
Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Gates Mills, located in Cuyahoga County, the effective property tax rate is 2.55%, which is significantly higher than both the Ohio median and the national median property tax rate of 1.02%. This places Gates Mills at the higher end of the spectrum when compared to other cities in Ohio. The property tax rate in Gates Mills is also the highest in the county, demonstrating the variability of tax rates even within a single state. For homeowners in Gates Mills, this means a larger portion of their property value goes towards taxes compared to the national average, which can significantly impact financial planning and budgeting.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gates Mills Tax Rate
2.55%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cuyahoga County Tax Rate
2.64%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gates Mills, Cuyahoga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44040 | 2.33% | 2.41% | 2.55% | 2.59% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Gates Mills, Cuyahoga County, Ohio
When examining property taxes in Gates Mills, OH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cuyahoga County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cuyahoga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Gates Mills.
For example, the median home price in Gates Mills is $439,400, with tax bills ranging significantly across the county. Zip code 44040 has the highest median home price at $439,400.
Property Tax Assessment Values Across Gates Mills, Cuyahoga County, Ohio
Source: Ownwell
$20,800
$532,000
$1,043,200
Median Gates Mills Market Value
$439,400
Median Cuyahoga County Market Value
$138,300
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gates Mills, Cuyahoga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44040 | $239,200 | $307,700 | $439,400 | $661,600 | $967,540 |
Source: Ownwell
Property Tax Bills Across Gates Mills, Cuyahoga County, Ohio
In Gates Mills, Cuyahoga County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Gates Mills face a significant financial burden with a median tax bill of $11,114, considerably higher than the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $7,754 and the 90th percentile reaching $25,332. Factors influencing these bills include property size, location, and market trends. Such high tax rates can strain homeowners, affecting their financial planning and homeownership costs.
Ownwell can assist homeowners in Gates Mills by providing property tax appeal and exemption services. By reviewing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying on their taxes. This can lead to substantial savings, easing the financial burden on homeowners and ensuring they pay a fair tax amount.
Median Gates Mills Tax Bill
$11,114
Median Cuyahoga County Tax Bill
$3,544
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Gates Mills, Cuyahoga County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44040 | $5,764 | $7,754 | $11,114 | $16,968 | $25,332 |
Source: Ownwell