43764 Property Tax Rate

Property owners in ZIP code 43764 (New Lexington, Ohio) pay a median of $1,196/year in property taxes on homes valued at $129,800. This translates to an effective tax rate of 0.92%, which is 26% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 43764 is approximately $100, which factors into escrow payments on mortgages. This ZIP code is located within Perry County. This is $1,108 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 43764 has higher property taxes. ZIP codes with similar effective rates include 45101 (0.92%) and 43536 (0.92%).

In New Lexington, property taxes represent approximately 2.2% of the median household income of $54,388, 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. Perry County homeowners receive a 2.5% Owner-Occupancy Credit on primary residences (approximately $89 annual savings on the median home), and seniors 65+ or disabled can claim the Homestead Exemption for additional tax relief. File your homestead application with the Perry County Auditor before your first tax bill to lock in both benefits.