43302 Property Tax Rate

Property owners in ZIP code 43302 (Marion, Ohio) pay a median of $1,398/year in property taxes on homes valued at $139,700. This translates to an effective tax rate of 1.00%, which is 19% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43302 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $906 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43302 has lower property taxes. ZIP codes with similar effective rates include 43103 (1.00%) and 43130 (1.00%).

In Marion, property taxes represent approximately 2.6% of the median household income of $53,833, 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. Marion County primary residences receive a 2.5% Owner-Occupancy Credit (approximately $35 annual savings on the median home), and homeowners 65+ or disabled qualify for the Homestead Exemption for further relief. Contact the Marion County Auditor within 30 days of purchase to register your homestead status and ensure the credit appears on your first bill.