43338 Property Tax Rate

Property owners in ZIP code 43338 (Mount Gilead, Ohio) pay a median of $2,404/year in property taxes on homes valued at $212,100. This translates to an effective tax rate of 1.13%, which is 9% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43338 is approximately $200, which factors into escrow payments on mortgages. This ZIP code is located within Morrow County.

Compared to similar ZIP codes in Ohio, 43338 has higher property taxes. ZIP codes with similar effective rates include 44670 (1.13%) and 44846 (1.13%).

In Mount Gilead, property taxes represent approximately 3.4% of the median household income of $69,794, 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.