43320 Property Tax Rate

Property owners in ZIP code 43320 (Edison, Ohio) pay a median of $1,852/year in property taxes on homes valued at $133,300. This translates to an effective tax rate of 1.39%, which is 12% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43320 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Morrow County. This is $452 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43320 has higher property taxes. ZIP codes with similar effective rates include 44041 (1.39%) and 44004 (1.39%).

In Edison, property taxes represent approximately 3.8% of the median household income of $49,198, 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. Morrow County homeowners age 65+ or disabled qualify for the Homestead Exemption, and all primary residences receive a 2.5% Owner-Occupancy Credit on their tax bill — apply through the Morrow County Auditor's office. Contact the Morrow County Auditor immediately after closing to register your homestead status and ensure the credit is applied to your first bill.