43003 Property Tax Rate

Property owners in ZIP code 43003 (Ashley, Ohio) pay a median of $2,667/year in property taxes on homes valued at $198,300. This translates to an effective tax rate of 1.34%, which is 9% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43003 is approximately $222, which factors into escrow payments on mortgages. This ZIP code is located within Morrow County. This is $363 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43003 has lower property taxes. ZIP codes with similar effective rates include 44471 (1.34%) and 45040 (1.35%).

In Ashley, property taxes represent approximately 4.0% of the median household income of $66,643, providing context for the relative tax burden on homeowners in this area.

Ohio reassesses property at each sale, with the county auditor conducting triennial revaluations for existing owners; your purchase price becomes the new assessed value. Morrow County homeowners age 65+ or disabled qualify for the Homestead Exemption, and all primary residences receive a 2.5% Owner-Occupancy Credit on their tax bill — apply through the Morrow County Auditor's office. Contact the Morrow County Auditor immediately after closing to register your homestead status and ensure the credit is applied to your first bill.