43566 Property Tax Rate

Property owners in ZIP code 43566 (Waterville, Ohio) pay a median of $4,435/year in property taxes on homes valued at $283,500. This translates to an effective tax rate of 1.56%, which is 26% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43566 is approximately $370, which factors into escrow payments on mortgages. This ZIP code is located within Lucas County. This is $2,131 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43566 has lower property taxes. ZIP codes with similar effective rates include 44224 (1.57%) and 43616 (1.56%).

In Waterville, property taxes represent approximately 4.1% of the median household income of $108,497, 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.