43011 Property Tax Rate

Property owners in ZIP code 43011 (Centerburg, Ohio) pay a median of $3,219/year in property taxes on homes valued at $287,300. This translates to an effective tax rate of 1.12%, which is 10% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43011 is approximately $268, which factors into escrow payments on mortgages. This ZIP code is located within Knox County. This is $915 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43011 has lower property taxes. ZIP codes with similar effective rates include 43044 (1.12%) and 43723 (1.12%).

In Centerburg, property taxes represent approximately 3.3% of the median household income of $97,929, 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. Knox County primary residences receive a 2.5% Owner-Occupancy Credit (saving roughly $86 annually on the median home), and seniors 65+ or disabled homeowners qualify for the Homestead Exemption for further tax relief. Contact the Knox County Auditor within 30 days of closing to register both credits and verify your valuation.