Lakewood Tax Rate for 2013: Up a Bit

Here are the numbers that make up your property tax bill this year.

Lakewood's tax rate will rise by about 2 mills this year, according to data provided by The Plain Dealer and Cleveland.com.

Homeowners will pay $2,963 for every $100,000 in home value this year, up from $2,897 last year, according to the database.

Overall millage stands at 96.74 this year, compared to 94.59 in 2012.

The Lakewood City Schools get the largest share, with 58.55 mills costing $1,793 per $100,000 valuation.

At Tuesday night's school board meeting, board president Ed Favre said that the most recent levy — 6.9-mills from 2009 — was essentially "wiped out" because of the recent state cuts.

The district is looking to place a 3.9-mill operating levy on the May 7 ballot.

The county gets the next-highest amount, or $405. The city collects 7.48 mills, which translates to $229 per $100,000.

For a more detailed look at Lakewood's tax situation, click here to see the Cleveland.com database.

Paul Grimm January 25, 2013 at 03:54 PM
According to the article, taxes are going up in Lakewood. Taxes are already high.
Jenn Pae January 25, 2013 at 04:14 PM
The City of Lakewood CITY millage is 17.40 mills, not 7.48. The $15.43 million in revenue this generated in 2012 is required by City charter for 8.65 mills (50%) to go to the General Fund, 3.47 mills (20%) to go to the Debt Service Fund, 3.28 mills to go to the Police & Fire Pension Funds (19%), and 2 mills to the Wastewater Treatment Plant Improvement Fund (11%), although this dedicated 2 mills can be used on streets, parks, and sewer line improvements as well.
Jenn Pae January 25, 2013 at 04:21 PM
The City millage is a permanent levy established by the City Charter, meaning it won't change unless residents vote to change it. When property values go up, the City collects more, when property values go down as they have with the 2009 and 2012 valuations, the City collects less. Prior to 2009, property values increased in the City of Lakewood every three years on average 11% from 1983 to 2008. Since 2009, they have decreased by 11%.
Jenn Pae January 25, 2013 at 04:27 PM
School millage is determined by a fixed dollar amount that the schools want to collect, and can only collect that fixed dollar amount set by the millage at the point in time. So if the schools need $4.0 million in operating funds, they will have a levy on the ballot with corresponding millage for that amount based on the current property values. If property values go up, the millage may go down because the schools can only collect that fixed dollar amount. If property values go down, like they have in recent years, the millage collected goes up to capture that fixed dollar amount originally levied. That is HB 920 in a nutshell.
DLSJR January 25, 2013 at 09:13 PM
yes I live in one of my apartments in Lakewood. For this building I just wrote a check last week for $8,200, a half year property tax. Commercial apartment buildings (5 units+) do not have the same benefits of city trash removal as residential properties. Our property taxes did not go down after service was cut off either. To tell a property owner that the city will raise our prop tax, wants to raise water 10%, and the schools also want to raise prop tax all in one year. To add expenses to a commercial property without raising rents (to off set new cost) decreases the value, or what I can sell for. One additional cost this year has to go, and I have voted yes on every levy in the past.


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