The State of Ohio's taxation system is business friendly. For instance, there are no taxes on corporate or franchise profits, new machinery and equipment, or inventory. For more insight into Ohio's tax policy, please see this piece from JobsOhio: https://www.jobsohio.com/blog/posts/ohios-tax-policy-about-results-not-philosophies-2/
For more information on business taxes in the State of Ohio, please see the Department of Taxation's website: https://www.tax.ohio.gov/Business.aspx
Lake County imposes a 7% sales tax, which puts it in the middle of various county rates across Ohio: https://www.tax.ohio.gov/Portals/0/tax_analysis/tax_data_series/sales_and_use/Salestaxmap.pdf
Some municipalities in Lake County do impose an income tax.
Location | Rate |
Eastlake |
2% |
Fairport Harbor |
2% |
Grand River |
2% |
Kirtland |
2% |
Madison Village |
1% |
Mentor |
2% |
Mentor-on-the-Lake |
2% |
North Perry Village |
1% |
Painesville |
2% |
Painesville-Concord JEDD |
1.75% |
Perry Village |
2% |
Timberlake |
1% |
Wickliffe |
2% |
Willoughby |
2% |
Willoughby Hills |
2% |
Willowick |
2% |
The following table shows real property taxes as computed in Lake County:
Real Estate Taxes | |||||||||
District Name | County | Township | Municipal | Library District | School | Lake City Finanace District | Total per $1,000 | Residential/ Agricultural Effective Rate | Commercial/ Industrial Effective Rate |
Madison Township |
15.30 |
14.95 |
2.25 |
58.63 |
4.90 |
104.01 |
69.501445 |
76.648734 |
|
Madison Village |
15.30 |
0.95 |
2.00 |
2.25 |
58.63 |
4.90 |
92.01 |
61.004374 |
66.427725 |
Perry Township |
15.30 |
3.60 |
1.00 |
44.20 |
4.90 |
77.90 |
53.525762 |
66.963608 |
|
Perry Village |
15.30 |
1.30 |
2.30 |
1.00 |
44.20 |
4.90 |
77.90 |
53.525762 |
66.963608 |
North Perry Village |
15.30 |
1.30 |
2.30 |
1.00 |
44.20 |
4.90 |
77.90 |
53.525762 |
66.963608 |
Leroy Township |
15.30 |
11.90 |
1.82 |
54.75 |
4.90 |
90.17 |
60.828070 |
60.971130 |
|
Concord Township/Painesville |
15.30 |
10.40 |
1.82 |
54.75 |
4.90 |
88.67 |
61.436864 |
63.150521 |
|
Concord Township/Chardon |
15.30 |
10.40 |
1.82 |
70.88 |
99.90 |
60.593355 |
66.476090 |
||
Concord Township/Mentor |
15.30 |
10.40 |
2.00 |
77.80 |
105.50 |
65.087738 |
75.367189 |
||
Painesville Township |
15.30 |
13.45 |
1.82 |
54.75 |
4.90 |
91.72 |
61.635447 |
64.512931 |
|
Painesville Township/Fairport |
15.30 |
13.45 |
1.84 |
89.40 |
121.49 |
80.729237 |
91.621089 |
||
Grand River Village |
15.30 |
0.50 |
7.50 |
1.82 |
54.75 |
4.90 |
86.27 |
57.771594 |
60.615271 |
Fairport Harbor Village/Port Auth. |
15.30 |
0.50 |
9.56 |
1.84 |
89.40 |
118.10 |
79.893396 |
89.246194 |
|
Painesville City |
15.30 |
3.70 |
1.82 |
90.72 |
4.90 |
117.94 |
72.252589 |
96.089033 |
|
Mentor City |
15.30 |
4.50 |
2.00 |
77.80 |
99.60 |
58.403716 |
69.022844 |
||
Mentor-on-the-Lake City |
15.30 |
24.00 |
2.00 |
77.80 |
119.10 |
67.177907 |
79.061256 |
||
Kirtland City |
15.30 |
11.05 |
1.00 |
78.69 |
107.54 |
68.839147 |
68.888414 |
||
Willoughby City/Kirtland |
15.30 |
8.53 |
1.00 |
78.69 |
105.02 |
67.700628 |
67.914148 |
||
Kirtland Hills Village/Mentor |
15.30 |
18.00 |
2.00 |
77.80 |
113.10 |
72.687738 |
82.967189 |
||
Kirtland Hills Village/Kirtland |
15.30 |
18.00 |
1.00 |
78.69 |
114.49 |
79.562848 |
79.266527 |
||
Waite Hill Village/Kirtland |
15.30 |
16.00 |
1.00 |
78.69 |
112.49 |
77.562848 |
77.266527 |
||
Waite Hill Village/Willoughby |
15.30 |
16.00 |
2.30 |
60.52 |
94.12 |
79.674275 |
79.031893 |
||
Willoughby City |
15.30 |
8.53 |
2.30 |
60.52 |
86.65 |
69.812055 |
69.679514 |
||
Willowick |
15.30 |
19.50 |
2.30 |
60.52 |
97.62 |
81.968989 |
81.687042 |
||
Wickliffe City |
15.30 |
8.09 |
2.90 |
75.21 |
101.50 |
69.112295 |
82.908330 |
||
Lakeline Village |
15.30 |
8.00 |
2.30 |
60.52 |
86.12 |
71.674275 |
71.031893 |
||
Willoughby Hills City |
15.30 |
7.30 |
2.30 |
60.52 |
85.42 |
70.974275 |
70.331893 |
||
Timberlake Village |
15.30 |
21.20 |
2.30 |
60.52 |
99.32 |
80.877305 |
84.231893 |
||
Eastlake City |
15.30 |
8.30 |
2.30 |
60.52 |
86.42 |
69.512132 |
69.352719 |
||
Painesville City/P'ville Twp. |
15.30 |
3.70 |
1.82 |
54.75 |
4.90 |
81.97 |
54.418177 |
56.444900 |
|
Willowick City/Kirtland |
15.30 |
19.50 |
1.00 |
78.69 |
115.99 |
79.857562 |
79.921676 |
||
Eastlake City/Kirtland |
15.30 |
8.30 |
1.00 |
78.69 |
1.50 |
104.79 |
67.400705 |
67.587353 |
|
Find your appropriate taxing district on the chart above. Multiply the assessed valuation (35% of the market value) by the effective rate for your taxing district and divide by 1,000 (effective rates are per $1,000 of valuation). As an example, a Mentor homeowner with an assessed valuation of $42,000 ($120,000 market value times 35%) |
Please visit the Lake County Auditor's website for more information on local taxes.