Waite Hill, Lake County, Ohio Property Taxes

Name: Property Tax Bills Across Waite Hill, Lake County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waite Hill, OH effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Waite Hill, OH home value: $675,375
Median annual Waite Hill, OH tax bill: $18,271, $15,871 higher than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Waite Hill, Lake County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$14,250

$13,224

Ownwell’s Waite Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waite Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Waite Hill’s 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 Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waite Hill, Lake County, Ohio

Local government entities set tax rates, which can vary widely within a state. Annually, 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. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Waite Hill, located in Lake County, Ohio, the effective property tax rate stands at 2.11%, which is significantly higher than the national median of 1.02%. This rate is consistent across the region, as seen in the zip code 44094, reflecting a uniformity in tax assessments within this area. Ohio's median property tax rate is considerably above the national median, making it one of the higher-taxed states in the country. This means homeowners in Waite Hill can expect to pay more than the national average property tax bill of $2,400, impacting overall affordability and cost of living in the area. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Waite Hill, Lake County, Ohio

Source: Ownwell

1.00%

1.79%

2.58%

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 Waite Hill Tax Rate

2.11%

Median Effective Lake County Tax Rate

2.03%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waite Hill, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
44094	2.11%	2.11%	2.11%	2.11%	2.11%

Source: Ownwell

Property Tax Assessment Values Across Waite Hill, Lake County, Ohio

When examining property taxes in Waite Hill, 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 Lake 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 Lake 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 Waite Hill. For example, the median home price in Waite Hill is $675,375, with tax bills ranging significantly across the county. 44094 has the highest median home price at $675,375.

Property Tax Assessment Values Across Waite Hill, Lake County, Ohio

Source: Ownwell

$111,175

$393,275

$675,375

Median Waite Hill Market Value

$675,375

Median Lake County Market Value

$154,020

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waite Hill, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
44094	$49,197	$440,238	$675,375	$842,455	$937,150

Source: Ownwell

Property Tax Bills Across Waite Hill, Lake County, Ohio

In Waite Hill, located in Lake County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area face a median property tax bill of $18,271, significantly higher than the national median of $2,400. This disparity is due to the local tax rate and the higher home values, with the median home price being $675,375. Factors such as local government budgets and school funding needs also influence the tax rate, impacting how much homeowners pay annually. The substantial tax burden can be overwhelming for homeowners, but there are ways to mitigate it. Ownwell offers specialized property tax appeal services, helping homeowners navigate the complex tax system and identify potential savings. By reviewing assessments and ensuring they reflect true market values, Ownwell assists in reducing tax bills, providing financial relief to homeowners in Waite Hill.

Property Tax Bills Across Waite Hill, Lake County, Ohio

Source: Ownwell

$178

$9,225

$18,271

Median Waite Hill Tax Bill

$18,271

Median Lake County Tax Bill

$1,087

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Waite Hill, Lake County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
44094	$18,271	$18,271	$18,271	$18,271	$18,271

Source: Ownwell