43542 Property Tax Rate

Property owners in ZIP code 43542 (Monclova, Ohio) pay a median of $6,962/year in property taxes on homes valued at $423,000. This translates to an effective tax rate of 1.65%, which is 33% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43542 is approximately $580, which factors into escrow payments on mortgages. This ZIP code is located within Lucas County. This is $4,658 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43542 has lower property taxes. ZIP codes with similar effective rates include 43126 (1.64%) and 43212 (1.65%).

In Monclova, property taxes represent approximately 4.2% of the median household income of $167,321, providing context for the relative tax burden on homeowners in this area.

Lucas County follows Ohio's triennial reassessment cycle, with revaluations conducted by the county auditor on a three-year rotation that affects your assessed value through 2024 and beyond. Primary residence owners automatically receive a 2.5% Owner-Occupancy Credit, and seniors 65+ and disabled homeowners qualify for the Homestead Exemption — apply with the Lucas County Auditor's office before your first tax bill arrives. The Lucas County Auditor (419-213-4800) can provide your property's next reassessment year and help you file for senior/disabled exemptions that may save hundreds annually.