43151 Property Tax Rate

Property owners in ZIP code 43151 (Sedalia, Ohio) pay a median of $1,411/year in property taxes on homes valued at $123,200. This translates to an effective tax rate of 1.15%, which is 8% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43151 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $893 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43151 has lower property taxes. ZIP codes with similar effective rates include 45889 (1.15%) and 45314 (1.14%).

In Sedalia, property taxes represent approximately 2.1% of the median household income of $66,875, 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.