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Updated about 7 years ago,
Cleveland, OH Res Prop taxes
Quick question. Living here in Seattle, and looking at other markets, and while looking in Cleveland, I noticed that property taxes are sometimes twice as much as principle and interest on a 30 fixed. Can someone give me a quick run down on how that is possible? Our property taxes are around 1% per year of the assessed value, and in Cleveland I am seeing that property tax is around 5%. That seems extremely high.