43021 Property Tax Rate

Property owners in ZIP code 43021 (Galena, Ohio) pay a median of $8,475/year in property taxes on homes valued at $524,800. This translates to an effective tax rate of 1.61%, which is 30% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43021 is approximately $706, which factors into escrow payments on mortgages. This ZIP code is located within Delaware County. This is $6,171 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43021 has lower property taxes. ZIP codes with similar effective rates include 43004 (1.61%) and 45309 (1.62%).

In Galena, property taxes represent approximately 5.3% of the median household income of $160,120, 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. Delaware County homeowners receive a 2.5% Owner-Occupancy Credit on primary residences (approximately $115 savings annually on the median home), and seniors 65+ or disabled owners can claim the Homestead Exemption for additional relief. File your homestead application with the Delaware County Auditor before your first tax bill to activate both tax-reduction programs.