HELPFUL TAX INFORMATION
Property Tax Calculation
Property tax collection is handled by the Cuyahoga County Treasurer's office (www.cuyahogacounty.us/, 216-443-7069).  Current property tax distribution for 2004, paid in 2005, is as follows:  County-16.45, City-13.30, School-77.00, JVSD-2.40, Library-2.0, Metropark-1.85 for a total of 113.00.  The City's tax rate has gone down incrementally as debt gets paid down: 2000-13.70, 2001-13.60, 2002-13.50, 2003-13.40, 2004-13.30. The following example can be used to calculate the tax on a $150,000 home:  $150,000 x .35 = $52,500, the home's taxable value $52,500 x .07418 (effective tax rate is 74.18)  = $3,894.45 $3,894.45 divided by 2 = $1,947.23, half-year payment.

Facts: About Tax Credits for Working Families
Explains the basics about who is eligible for the Earned Income Credit (EIC) and the Child Tax Credit (CTC) and how to claim these credits.