43331 Property Tax Rate

Property owners in ZIP code 43331 (Lakeview, Ohio) pay a median of $1,486/year in property taxes on homes valued at $130,300. This translates to an effective tax rate of 1.14%, which is 8% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43331 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within Logan County. This is $818 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43331 has higher property taxes. ZIP codes with similar effective rates include 43207 (1.14%) and 45383 (1.14%).

In Lakeview, property taxes represent approximately 2.5% of the median household income of $60,159, 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. Logan County primary residences qualify for a 2.5% Owner-Occupancy Credit (approximately $52 annual savings on the median home), and homeowners 65+ or disabled can claim the Homestead Exemption for additional relief. Register with the Logan County Auditor within 30 days of closing to activate both tax-reduction programs on your account.