43029 Property Tax Rate

Property owners in ZIP code 43029 (Irwin, Ohio) pay a median of $2,100/year in property taxes on homes valued at $241,700. This translates to an effective tax rate of 0.87%, which is 30% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43029 is approximately $175, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $204 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43029 has lower property taxes. ZIP codes with similar effective rates include 43152 (0.87%) and 45771 (0.87%).

In Irwin, property taxes represent approximately 2.0% of the median household income of $105,954, 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. Madison County primary residences qualify for a 2.5% Owner-Occupancy Credit, while homeowners 65+ or disabled can claim the Homestead Exemption — the credit saves approximately $52 annually on the median home. Submit your homestead registration to the Madison County Auditor within 30 days of purchase to ensure the credit appears on your first bill.