45504 Property Tax Rate

Property owners in ZIP code 45504 (Springfield, Ohio) pay a median of $2,285/year in property taxes on homes valued at $167,700. This translates to an effective tax rate of 1.36%, which is 10% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45504 is approximately $190, which factors into escrow payments on mortgages. This ZIP code is located within Clark County.

Compared to similar ZIP codes in Ohio, 45504 has lower property taxes. ZIP codes with similar effective rates include 44241 (1.36%) and 43213 (1.36%).

In Springfield, property taxes represent approximately 3.4% of the median household income of $67,334, 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.