43116 Property Tax Rate

Property owners in ZIP code 43116 (Commercial Point, Ohio) pay a median of $3,402/year in property taxes on homes valued at $337,500. This translates to an effective tax rate of 1.01%, which is 19% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43116 is approximately $284, which factors into escrow payments on mortgages. This ZIP code is located within Pickaway County. This is $1,098 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43116 has higher property taxes. ZIP codes with similar effective rates include 44606 (1.01%) and 45769 (1.01%).

In Commercial Point, property taxes represent approximately 3.1% of the median household income of $108,889, 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. Pickaway County homeowners receive a 2.5% Owner-Occupancy Credit on primary residences (approximately $59 annual savings on the median home), and seniors 65+ or disabled can claim the Homestead Exemption for additional relief. File your homestead application with the Pickaway County Auditor within 30 days of purchase to activate both tax credits.