Taxes in Cuyahoga County

Taxes vary quite dramatically between competing cities within Cuyahoga.??When buying a property, especially investment property, you need to take a good look at tax rates as they will impact your bottom line.??Revenues minus expenses (including taxes) equals your Net Operating Income (NOI).??That in turn is what you need to calculate your Cap Rate.

When just considering tax rates, Cleveland can most certainly appear more desirable than other cities within Cuyahoga County.???There is often a premium to these other communities around Cleveland.??You just have to do the math to see how the tax rates impact investment properties in or outside of Cleveland.??The bottom line is the bottom line.??However, keep in mind that these other communities may have a lower vacancy rate, etc.

So it’s not just one factor that determines the best place to invest.??But taxes are indeed very important.

If you’d like a sheet that shows tax rates in and around Cuyahoga County, just DM me the word TaxRates.

Thomas