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Politics & Government

Westlake Property And Income Tax Comparison To Avon and Avon Lake

Westlake, Avon and Avon Lake could all benefit greatly from the new American Greetings headquarters.

The following statistics comparing property and income taxes in Westlake, Avon and Avon Lake were prepared by Avon Finance Director Bill Logan, Westlake Finance Director Prashant Shah and the Lorain County Auditor's Office.

This information is a supplement to our when .

City of Westlake Property Tax/Income Tax Statistics

Income tax rate

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(100% resident credit)

1.50%

Property Tax Data - per home:

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Average Home value

(January 2010, per Lorain County Auditor's Office)

$324,272 Average cost of home built in 2009 or later $225,250

2010 property tax rate in mills (2011 collections) 2010 effective millage (residential)

100.90

67.24

Annual property taxes on "average home value" (after state rollback and 2.50% homestead reduction)

$6677.49

Annual property taxes on "median home value" (after state rollback and 2.50% homestead reduction)

$4638.40

City of Avon Lake Property Tax/Income Tax Statistics

Income tax rate

(1.50% resident credit)

1.50%

Property Tax Data - per home:

Average Home value

(January 2010, per Lorain County Auditor's Office)

$230,941

Average cost of home built in 2010 or later 

$343,981

2010 property tax rate in mills (2011 collections)

2010 effective millage (residential)

91.17

59.49

Annual property taxes on "average home value" (after state rollback and 2.50% homestead reduction)

$4,207

Annual property taxes on "average new home value" (after state rollback and 2.50% homestead reduction)

$6,267

City of Avon Property Tax/Income Tax Statistics

Income tax rate

(1.50% resident credit)

1.75%

Property Tax Data - per home:

Average Home value

(January 2010, per Lorain County Auditor's Office)

$235,458

Average cost of home built in 2009 or later (per City of Avon building department permit statistics)

$280,996

2010 property tax rate in mills (2011 collections) 2010 effective millage (residential)

82.45

61.71

 

Annual property taxes on "average home value" (after state rollback of 10% and homestead reduction of 2.50%)

$4,450

Annual property taxes on "average new home value" (after state rollback of 10% and homestead reduction of 2.50%)

$5,311
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