45305 Property Tax Rate

Property owners in ZIP code 45305 (Bellbrook, Ohio) pay a median of $5,885/year in property taxes on homes valued at $314,500. This translates to an effective tax rate of 1.87%, which is 51% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45305 is approximately $490, which factors into escrow payments on mortgages. This ZIP code is located within Greene County. This is $3,581 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45305 has higher property taxes. ZIP codes with similar effective rates include 43016 (1.87%) and 43612 (1.87%).

In Bellbrook, property taxes represent approximately 4.9% of the median household income of $119,129, providing context for the relative tax burden on homeowners in this area.

Ohio reassesses property values triennially by county auditor, and your home will be revalued at purchase price when you buy; the 2.5% Owner-Occupancy Credit applies to primary residences, reducing your effective tax rate. If you are 65 or older or disabled, file for the Homestead Exemption with the Greene County Auditor to exclude up to $35,000 of assessed value from taxation. Contact the Greene County Auditor's office immediately after closing to claim your Owner-Occupancy Credit and verify your primary residence status on the tax record.