45502 Property Tax Rate

Property owners in ZIP code 45502 (Springfield, Ohio) pay a median of $3,054/year in property taxes on homes valued at $225,500. This translates to an effective tax rate of 1.35%, which is 9% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45502 is approximately $255, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $750 more than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45502 has lower property taxes. ZIP codes with similar effective rates include 44904 (1.35%) and 44001 (1.35%).

In Springfield, property taxes represent approximately 3.5% of the median household income of $87,378, 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. Clark County homeowners receive a 2.5% Owner-Occupancy Credit on all primary residences, and those 65+ or disabled qualify for the Homestead Exemption — the credit alone saves approximately $35 annually on the median-priced home. File your homestead and credit application with the Clark County Auditor immediately after closing.