The median sales price of a Lake County home in the third quarter of 2023 was $192,500, based on data from the 909 properties sold during that time. In 2023, the median tax bill for the county was $6,078, which is 3.2% of the median value of the homes that were taxed.
This is 2.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Lake County real estate data showed homeowners in Kirtland Hills, Mentor-on-the-Lake, and Painesville paid the highest rates.
The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.
The following table compares Kirtland Hills with some other cities belonging to Lake County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.
| City | Q3 2023 Sales | Q3 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Kirtland Hills | 5 | $627,000 | $22,507 | 3.6% |
| Mentor-on-the-Lake | 33 | $180,000 | $6,556 | 3.6% |
| Painesville | 198 | $180,750 | $6,240 | 3.5% |
| Mentor | 218 | $223,000 | $7,524 | 3.4% |
| Wickliffe | 58 | $176,250 | $5,926 | 3.4% |
| Kirtland | 21 | $320,000 | $10,271 | 3.2% |
| Madison | 23 | $213,000 | $6,507 | 3.1% |
| Fairport Harbor | 16 | $171,500 | $5,278 | 3.1% |
| Willoughby Hills | 22 | $287,000 | $8,124 | 2.8% |
| Eastlake | 85 | $173,000 | $4,772 | 2.8% |
| Avenues Mobile Estates | 4 | $164,500 | $4,575 | 2.8% |
| Willoughby | 75 | $199,000 | $5,286 | 2.7% |
| North Madison | 42 | $182,450 | $4,902 | 2.7% |
| Willowick | 68 | $180,000 | $4,927 | 2.7% |
| Grand River | 2 | $147,500 | $3,579 | 2.4% |
| North Perry | 13 | $250,000 | $6,026 | 2.4% |
| Lane | 3 | $209,750 | $4,889 | 2.3% |
| Shoreland | 5 | $168,000 | $3,646 | 2.2% |
| Painesville on-the-Lake | 3 | $162,000 | $3,436 | 2.1% |
| Timberlake | 5 | $340,000 | $6,521 | 1.9% |
| Lakeline | 2 | $302,500 | $5,439 | 1.8% |
| Perry | 3 | $325,000 | $5,262 | 1.6% |
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