The median sales price of a Lake County home in the fourth quarter of 2023 was $185,250, based on data from the 730 properties sold during that time. In 2023, the median tax bill for the county was $6,078, which is 3.3% of the median value of the homes that were taxed.
This is 3 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 Avenues Mobile Estates, Timberlake, and Wickliffe 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 Avenues Mobile Estates with some other cities belonging to Lake County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.
| City | Q4 2023 Sales | Q4 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Avenues Mobile Estates | 9 | $100,000 | $4,575 | 4.6% |
| Timberlake | 2 | $153,050 | $6,521 | 4.3% |
| Wickliffe | 52 | $162,500 | $5,926 | 3.6% |
| Mentor | 185 | $214,000 | $7,524 | 3.5% |
| Mentor-on-the-Lake | 16 | $190,750 | $6,556 | 3.4% |
| Kirtland | 13 | $305,000 | $10,271 | 3.4% |
| Eastlake | 66 | $146,700 | $4,772 | 3.3% |
| North Perry | 8 | $181,440 | $6,026 | 3.3% |
| Shoreland | 3 | $116,000 | $3,646 | 3.1% |
| Madison | 25 | $220,000 | $6,507 | 3% |
| Painesville | 157 | $216,400 | $6,240 | 2.9% |
| Fairport Harbor | 10 | $179,950 | $5,278 | 2.9% |
| Willoughby | 69 | $185,500 | $5,286 | 2.8% |
| Willowick | 53 | $175,000 | $4,927 | 2.8% |
| Grand River | 2 | $140,000 | $3,579 | 2.6% |
| North Madison | 27 | $186,000 | $4,902 | 2.6% |
| Painesville on-the-Lake | 2 | $131,026 | $3,436 | 2.6% |
| Willoughby Hills | 19 | $329,000 | $8,124 | 2.5% |
| Perry | 8 | $247,450 | $5,262 | 2.1% |
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