44262 Property Tax Rate

Property owners in ZIP code 44262 (Munroe Falls, Ohio) pay a median of $3,391/year in property taxes on homes valued at $223,800. This translates to an effective tax rate of 1.52%, which is 22% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 44262 is approximately $283, which factors into escrow payments on mortgages. This ZIP code is located within Summit County. This is $1,087 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 44262 has higher property taxes. ZIP codes with similar effective rates include 44405 (1.51%) and 45387 (1.52%).

In Munroe Falls, property taxes represent approximately 4.5% of the median household income of $75,089, providing context for the relative tax burden on homeowners in this area.

Ohio's triennial reassessment in Summit County is administered by the County Auditor, and your property will receive a new valuation notice every three years with a non-negotiable 30-day protest deadline. Apply for the 2.5% Owner-Occupancy Credit on your primary residence and the Homestead Exemption if you are 65+ or disabled—file both applications with the Summit County Auditor to lower your taxable value. Visit the Summit County Auditor's office or website after closing to review your property record, note the next reassessment year, and mark your calendar for the appeal deadline so you can challenge an unfair valuation.