Chagrin Falls, Geauga County, Ohio Property Taxes

Name: Property Tax Bills Across Chagrin Falls, Geauga County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Chagrin Falls, OH effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Chagrin Falls, OH home value: $290,400
Median annual Chagrin Falls, OH tax bill: $6,591, $4,191 higher than the national median property tax bill of $2,400.

How are property taxes in Geauga calculated?

Property taxes in Chagrin Falls, 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 Chagrin Falls’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chagrin Falls, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Chagrin Falls, Geauga County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.17%

Estimate Property Tax Bill

$6,302

$5,848

Ownwell’s Chagrin Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chagrin Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Chagrin Falls’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Geauga County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chagrin Falls, Geauga County, Ohio

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

In Chagrin Falls, located in Geauga County, property owners experience a property tax rate that stands out when compared to other cities in Ohio. The effective property tax rate in Chagrin Falls is higher than both the state and national averages. This means that residents may pay more in property taxes relative to the value of their homes compared to other regions.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Property owners in Chagrin Falls should be aware of these figures, as they can significantly impact their annual financial commitments. By understanding these rates and how they compare to state and national averages, property owners can better navigate their financial planning and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Chagrin Falls, Geauga County, Ohio

Source: Ownwell

1.57%

2.19%

2.81%

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 Chagrin Falls Tax Rate

2.17%

Median Effective Geauga County Tax Rate

1.98%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chagrin Falls, Geauga County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44022	2.02%	2.46%	2.81%	3.01%	3.21%
44023	1.86%	1.99%	2.11%	2.25%	2.45%

Source: Ownwell

Property Tax Assessment Values Across Chagrin Falls, Geauga County, Ohio

When examining property taxes in Chagrin Falls, Ohio, 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 Geauga 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. Assessment notices: In Geauga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Chagrin Falls. For example, the median home price in Chagrin Falls is $290,400, with tax bills ranging significantly across the county. Zip code 44022 has the highest median home price at $296,900.

Property Tax Assessment Values Across Chagrin Falls, Geauga County, Ohio

Source: Ownwell

$135,450

$339,950

$544,450

Median Chagrin Falls Market Value

$290,400

Median Geauga County Market Value

$217,300

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chagrin Falls, Geauga County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44022	$181,000	$221,000	$296,900	$404,750	$580,430
44023	$146,700	$210,800	$288,700	$404,600	$538,120

Source: Ownwell

Property Tax Bills Across Chagrin Falls, Geauga County, Ohio

In Chagrin Falls, located in Geauga County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate, resulting in the annual tax bill. Factors influencing the tax bill include the property's market value, the local tax rate, and any applicable exemptions. Homeowners in Chagrin Falls face a median property tax bill significantly higher than the national median of $2,400. For instance, the 25th percentile tax bill is $4,822, while the 75th percentile reaches $9,465. This can place a considerable financial burden on homeowners. Ownwell steps in to assist by offering expert property tax appeal and exemption services. By analyzing property assessments and identifying inaccuracies or overlooked exemptions, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share. This service can lead to substantial savings, easing the financial strain on homeowners in Chagrin Falls.

Property Tax Bills Across Chagrin Falls, Geauga County, Ohio

Source: Ownwell

$2,450

$6,481

$10,511

Median Chagrin Falls Tax Bill

$6,591

Median Geauga County Tax Bill

$4,427

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Chagrin Falls, Geauga County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44022	$4,814	$6,096	$8,438	$11,045	$14,995
44023	$3,188	$4,440	$6,157	$8,663	$11,594

Source: Ownwell