DEPARTMENTS / FINANCE DEPARTMENT:

Welcome to the City of Lyndhurst, Ohio Finance Department

The sections of our department listed below are intended to provide you with an overview of Department operations and the services we provide.

Please feel free to contact us with any questions or comments.

Click on any of the links below to jump to a specific section.

Sections on this page:

Phone:

(440) 442-5777 ☎

Fax:

(440) 442-1844 ░

Address:

Lyndhurst Finance Department:
5301 Mayfield Road
Lyndhurst, Ohio 44124

Hours of Operation:

➜ Monday through Friday: 8:00 AM - 4:00 PM

➜ Saturday and Sunday: Closed

Finance Director:

Mary Kovalchik

		2021		2020
2019		2018		2017
2016		2015		2014
2013		2012		2011

Ohio law requires audits of each public office. These audits help determine whether the government's financial statements are fairly presented and whether management has complied with significant laws and regulations. The City of Lyndhurst and the City of Lyndhurst CIC Annual Financial Audit Reports for 2001-2021 can be found on the Ohio Auditor of State Website as follows: https://ohioauditor.gov/auditsearch/results.aspx

The City of Lyndhurst is a responsible and trusted steward of taxpayer money. Lyndhurst embraces transparency and openly posts all government spending from 2011-2022 for each month to the Ohio Treasurers Open Checkbook website as follows: https://checkbook.ohio.gov/State/Resources/PayeeSearch.aspx?search=LYNDHURST%20CITY%20OF.

The City's financial statements are produced in accordance with Generally Accepted Accounting Principles.

The Auditor of State has issued an opinion that confirms compliance with these principles for the 2020 accounting year.

The 2020 Annual Financial Report is available for public inspection between the hours of 9:00AM and 4:00PM at the office of the Finance Director.

Additionally, the Audited Annual Financial Reports of the City of Lyndhurst can be viewed online at www.auditor.state.oh.us.

2006		2008		2009
2010		2011		2012
2013		2015		2016

To protect and to enhance the fiscal integrity and efficient management of the city while maintaining citywide programs and initiatives.

The Finance Department is responsible for the accurate accounting of all receipts and disbursements of the City of Lyndhurst, representing the city in most financial matters and abiding by all laws governing proper municipal financial control.

The department records all assets and liabilities, keeps an accurate account of taxes and assessments, collects all monies for the city and makes all necessary disbursements on the city's behalf. In addition to accounts receivable and accounts payable, the Finance Department prepares payroll, processes purchase requisitions, and oversees fixed assets.

The municipal income tax rate is 2.0% on all wages and profits earned within the City limits.

Residents are allowed a credit of 50% of up to 2.0% of the taxable income.

The Regional Income Tax Agency (R.I.T.A.) collects and maintains the tax records for the city.

All municipal tax filings and any questions should be directed to R.I.T.A. at (800) 860-7482 ☎ or www.ritaohio.com.

The residential real estate tax rate is 150.92 for tax year 2021 collected in 2022.

The effective tax rate, which is the rate you pay after reduction is 91.88.

Additionally you receive 12.5% in rollbacks.

There are two simple ways to estimate the real estate tax paid in 2022.

Example: Home with a $150,000 Market Value

➜ Market value $150,000 x 35% = Assessed value $52,500 / 1,000 x effective rate 91.88 = $4,823.70 x 87.5% (after rollbacks) = $4,220.74 estimated tax per year.

➜ An easier method is to simply take the market value of your home $150,000 x 2.8709% (the percentage to market rate) = $4,306.35 estimated tax per year.

Based on the $4,306.35 estimate - Where do your real estate tax dollars go?

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