43064 Property Tax Rate

Property owners in ZIP code 43064 (Plain City, Ohio) pay a median of $5,165/year in property taxes on homes valued at $419,300. This translates to an effective tax rate of 1.23%, which is near the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43064 is approximately $430, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $2,861 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43064 has higher property taxes. ZIP codes with similar effective rates include 43136 (1.23%) and 45735 (1.23%).

In Plain City, property taxes represent approximately 4.0% of the median household income of $129,196, 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.