Taxes & Insurance in Solon
Solon applies Ohio's flat state income tax plus a 2% RITA-collected city rate that funds most of the city's General Fund, a property tax rate above both national and Ohio statewide medians, and Ohio's standard statewide homeowners-insurance range.
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Learn moreA 2% RITA-collected city income tax funding most of the General Fund
Solon levies a 2% city income tax, collected through RITA -- the same collector as this build's companion Hudson and Strongsville records, distinct from self-collecting Bowling Green. Solon residents receive a 100% credit (up to 2%) for tax paid to another municipality. Municipal income tax alone funds approximately 83% of Solon's General Fund.
Ohio's flat state income tax layers on top
Ohio levies a flat 2.75% state income tax (2026) on taxable nonbusiness income above a $26,050 threshold. Combined with Solon's own 2% city rate, a resident's approximate combined marginal rate above that threshold runs 4.75%.
A property tax rate above both the national and Ohio statewide medians
Solon's own effective property tax rate ran 1.92% per Ownwell -- above both the national median (1.02%) and Ohio's statewide median (1.60%), consistent with the elevated property tax burden documented across this project's other Cuyahoga County records (Cleveland, Lakewood, Shaker Heights, Strongsville).
Ohio's standard homeowners-insurance range
Ohio average annual homeowners premiums carry a real, disclosed $1,640-$2,106/year statewide spread; no Solon-specific figure was located this pass, though given Solon's genuinely high property values, actual premiums plausibly run toward the higher end of that range in dollar terms.
Key takeaways
- Solon's 2% RITA-collected city income tax funds approximately 83% of the city's General Fund -- a real, significant reliance on this revenue source.
- Combined with Ohio's flat 2.75% state rate, Solon's approximate combined marginal rate above the state threshold runs 4.75%.
- Solon's effective property tax rate (1.92%) runs above both the national median (1.02%) and Ohio's own statewide median (1.60%).
- Ohio's homeowners-insurance premiums carry a statewide $1,640-$2,106/year range; Solon-specific premiums plausibly run toward the higher end given high property values.
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