45786 Property Tax Rate

Property owners in ZIP code 45786 (Waterford, Ohio) pay a median of $1,706/year in property taxes on homes valued at $194,500. This translates to an effective tax rate of 0.88%, which is 29% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45786 is approximately $142, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $598 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45786 has lower property taxes. ZIP codes with similar effective rates include 45363 (0.88%) and 45121 (0.88%).

In Waterford, property taxes represent approximately 2.8% of the median household income of $61,295, providing context for the relative tax burden on homeowners in this area.

Ohio reassesses property through a triennial cycle administered by the county auditor, with your purchase triggering a new assessment at market value. Washington County homeowners can claim a 2.5% Owner-Occupancy Credit on the assessed value of a primary residence, plus a Homestead Exemption if you are 65+ or disabled — file both with the Washington County Auditor's office immediately after closing. Contact the Washington County Auditor to confirm your exemption eligibility and obtain the appeal deadline for the first revaluation notice.