45310 Property Tax Rate

Property owners in ZIP code 45310 (Burkettsville, Ohio) pay a median of $1,500/year in property taxes on homes valued at $189,300. This translates to an effective tax rate of 0.79%, which is 36% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45310 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Mercer County. This is $804 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45310 has higher property taxes. ZIP codes with similar effective rates include 43755 (0.79%) and 43323 (0.79%).

In Burkettsville, property taxes represent approximately 1.8% of the median household income of $81,250, 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 Mercer County Auditor to exclude up to $35,000 of assessed value from taxation. Contact the Mercer County Auditor's office immediately after closing to claim your Owner-Occupancy Credit and verify your primary residence status on the tax record.