How much are property taxes in Peninsula, OH?
Homeowners in Peninsula, OH pay a median of $6,584 (±$594) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $6,458.
Homes without a mortgage pay a median of $6,797.
That is about 1.5% of the median home value of $432,700.
In Peninsula, the median real estate tax went from $5,275 in 2015–2019 to $6,584 in 2020–2024 (+24.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $6,584 (±$594)
- With a mortgage
- $6,458
- Without a mortgage
- $6,797
- Share of median value
- 1.5%
Real estate taxes in Peninsula against Summit County, its state and the nation
| Peninsula | Summit County | Ohio | United States | |
|---|---|---|---|---|
| Median real estate taxes | $6,584 (±$594) | $3,195 (±$48) | $2,822 (±$10) | $3,119 |
| Homes with a mortgage | $6,458 (±$718) | $3,311 (±$65) | $3,048 (±$18) | $3,489 |
| Homes without a mortgage | $6,797 (±$1,210) | $2,986 (±$76) | $2,487 (±$13) | $2,576 |
| Median home value | $432,700 (±$51,111) | $208,700 (±$2,983) | $214,800 (±$742) | $332,700 |
In Peninsula, the median real estate tax is higher than in Summit County ($3,195).
It is also higher than in Ohio ($2,822).
It is higher than the national figure ($3,119).
In Summit County, Peninsula ranks 4 of 35 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 77 of 2,356.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Peninsula
The median tax ($6,584) is 1.5% of the median home value ($432,700).
Across Summit County the same ratio is 1.5%.
Across Ohio it is 1.3%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Peninsula have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $5,275 (±$823) | $6,584 (±$594) | +24.8% | No measurable change after inflation |
| Median home value | $304,200 (±$44,468) | $432,700 (±$51,111) | +42.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,214 (±$325) | $2,144 (±$289) | −3.2% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Peninsula
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Peninsula | — | $6,584 (±$594) | — |
| Boston Township | 0.0 mi | $5,616 (±$782) | Not measurably different |
| Boston Heights | 2.7 mi | $6,420 (±$963) | Not measurably different |
| Cuyahoga Falls | 3.5 mi | $2,931 (±$93) | Lower |
| Northfield Center Township | 3.8 mi | $4,084 (±$375) | Lower |
| Richfield Township (Summit County) | 4.6 mi | $5,604 (±$880) | Not measurably different |
| Richfield | 4.7 mi | $4,147 (±$861) | Lower |
| Sagamore Hills Township | 5.7 mi | $4,232 (±$287) | Lower |
| Hudson | 5.8 mi | $7,375 (±$306) | Higher |
Nearby places with a measurably lower figure: Cuyahoga Falls, OH ($2,931), Northfield Center Township, OH ($4,084), Richfield, OH ($4,147).
Nearby places with a measurably higher figure: Hudson, OH ($7,375).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Summit County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 | Montrose-Ghent | $7,400 (±$1,327) |
| 2 | Hudson | $7,375 (±$306) |
| 3 | Bath Township (Summit County) | $6,948 (±$555) |
| 4 | Peninsula | $6,584 (±$594) |
| 5 | Boston Heights | $6,420 (±$963) |
| 6 | Twinsburg Township | $5,823 (±$938) |
| 7 | Boston Township | $5,616 (±$782) |
| 8 | Richfield Township (Summit County) | $5,604 (±$880) |
| 9 | Silver Lake | $5,524 (±$602) |
| 10 | Copley Township | $5,413 (±$511) |
Showing 10 of 35 places in Summit County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Peninsula
How much are property taxes in Peninsula?
The median real estate tax paid by homeowners in Peninsula, OH is $6,584 (±$594) a year (2020–2024 American Community Survey).
What is the property tax rate in Peninsula?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.5% of the median home value in Peninsula, and the actual rate is set by the town, county and school district.
Have property taxes in Peninsula gone up?
In Peninsula, the median real estate tax went from $5,275 in 2015–2019 to $6,584 in 2020–2024 (+24.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Peninsula higher than in Summit County?
In Peninsula, the median real estate tax is higher than in Summit County ($3,195).
It is also higher than in Ohio ($2,822).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Peninsula village, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Peninsula village, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Peninsula village, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Peninsula village, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Peninsula village, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Peninsula village, Ohio (place:61574, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Peninsula at a glance
- Renters and owners in Peninsula
- Income and affordability in Peninsula
- Home values in Peninsula
- Homeowner costs in Peninsula
- Types of homes in Peninsula
- Bedrooms in Peninsula
- Age of homes in Peninsula
- Heating fuel in Peninsula
- Commute and cars in Peninsula
- How long people stay in Peninsula
- Ohio landlord and tenant rules
- Housing across Summit County
- Ohio places ranked by property taxes
- Housing data for every place in Ohio