Taxes in Lakewood, Ohio
Complete tax guide for Lakewood, OH. State income tax up to 3.5%, 1.66% property tax, 7.15% sales tax. Calculate your total tax burden.
State Income Tax
3.5%
Ohio
Property Tax
1.66%
Effective rate
Sales Tax
7.15%
Combined rate
Tax Burden
Moderate
Lakewood, OH Tax Overview
Population
50,942
Median Income
$53,000
Cost of Living
82.1 (100 = avg)
State Income Tax
3.5%
Local Income Tax
2.82%
Median Home Price
$179,000
Lakewood Tax Calculator
Pre-filled with Lakewood median: $53,000
Total Tax Burden in Lakewood
$11,726
Take-Home: $41,274 · Effective Rate: 22.12%
Federal Tax
$4,322
8.15% eff.
OH State + Local
$3,350
6.32% eff.
FICA
$4,055
7.65% eff.
Take-Home
$41,274
77.88% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $53,000.00 | $4,416.67 |
| Federal Income Tax | -$4,321.50 | -$360.13 |
| Ohio State Tax | -$1,855.00 | -$154.58 |
| Lakewood Local Tax (2.82%) | -$1,494.60 | -$124.55 |
| Social Security (6.2%) | -$3,286.00 | -$273.83 |
| Medicare (1.45%) | -$768.50 | -$64.04 |
| Take-Home Pay | $41,274.40 | $3,439.53 |
Property Tax in Lakewood
Median Home
$179,000
Annual Tax
$2,971
Monthly Tax
$248
Effective Rate
1.66%
Sales Tax in Lakewood
Combined Rate
7.15%
State Portion
~4.7%
Local Portion
~2.5%
The combined sales tax rate in Lakewood is 7.15%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.15 in sales tax.
Tax Burden Comparison
| Tax Type | Lakewood | Ohio Avg | National Avg |
|---|---|---|---|
| Income Tax | 3.5% + 2.82% | 3.5% | 4.6% |
| Property Tax | 1.66% | ~1.66% | 1.1% |
| Sales Tax | 7.15% | ~7.15% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Lakewood Residents
- Ohio's income tax rate of 3.5% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Lakewood has a local income tax of 2.82%. If you work remotely, verify whether you owe city tax based on where you work or where you live. Some cities only tax people who work within city limits.
- Property tax in Lakewood (1.66%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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LowCalculate Your Full Ohio Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Lakewood, OH?
Lakewood, Ohio has a state income tax rate up to 3.5%, plus a local income tax of 2.82%. The property tax rate is 1.66% and the combined sales tax rate is 7.15%.
How much is property tax in Lakewood?
The effective property tax rate in Lakewood is 1.66%. On the median home price of $179,000, this equals approximately $2,971 per year or $248 per month. This is above the national average of 1.1%.
What is the sales tax rate in Lakewood?
The combined sales tax rate in Lakewood is 7.15%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Lakewood's tax burden compare to other cities?
Lakewood has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 29.3%. The combination of 3.5% state income tax, 1.66% property tax, and 7.15% sales tax determines the total burden. Cost of living index is 82.1 (100 = national average).
Are there any local taxes in Lakewood?
Yes. Lakewood imposes a local income tax of 2.82% in addition to the state income tax of 3.5%.