Some residents see 30 percent hike in property tax bill
Many residents, who recently received their 2024 Cuyahoga County Real Estate Tax bills, were shocked to see the new totals due. The increases, some of which were more than 30%, were part of the County’s sexennial reappraisal. According to the Ohio Department of Taxation, “the real property tax is Ohio’s oldest tax. It has been an ad valorem tax – meaning, based on value – since 1825.” That leads to the practice of citizen homeowners continually being taxed on unrealized gains. The homeowner does not realize a gain on the house that was previously purchased until they actually sell ....