44638 Property Tax Rate

Property owners in ZIP code 44638 (Lakeville, Ohio) pay a median of $2,510/year in property taxes on homes valued at $168,600. This translates to an effective tax rate of 1.49%, which is 20% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 44638 is approximately $209, which factors into escrow payments on mortgages. This ZIP code is located within Holmes County. This is $206 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 44638 has lower property taxes. ZIP codes with similar effective rates include 44304 (1.49%) and 45323 (1.49%).

In Lakeville, property taxes represent approximately 3.7% of the median household income of $68,750, providing context for the relative tax burden on homeowners in this area.

Holmes County reassesses properties every three years under Ohio law; the county auditor manages the revaluation cycle, so verify your property's next reassessment year at purchase. Primary residence owners automatically receive a 2.5% Owner-Occupancy Credit, and homeowners 65+ or disabled can claim the Homestead Exemption to reduce assessed value — file the exemption with the Holmes County Auditor's office immediately after your purchase closes. Contact the Holmes County Auditor at (330) 674-3566 to confirm your triennial revaluation date and submit the Homestead Exemption application, which can reduce your tax bill by hundreds of dollars.