43078 Property Tax Rate

Property owners in ZIP code 43078 (Urbana, Ohio) pay a median of $1,935/year in property taxes on homes valued at $176,300. This translates to an effective tax rate of 1.10%, which is 11% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43078 is approximately $161, which factors into escrow payments on mortgages. This ZIP code is located within Champaign County. This is $369 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43078 has lower property taxes. ZIP codes with similar effective rates include 43738 (1.10%) and 45858 (1.10%).

In Urbana, property taxes represent approximately 2.7% of the median household income of $72,500, 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. Champaign County primary residences qualify for a 2.5% Owner-Occupancy Credit, while homeowners 65+ or disabled can claim the Homestead Exemption for additional relief — the credit alone saves approximately $67 annually on the median home here. Register both benefits with the Champaign County Auditor within 30 days of purchase to ensure they appear on your first bill.