45812 Property Tax Rate

Property owners in ZIP code 45812 (Alger, Ohio) pay a median of $1,256/year in property taxes on homes valued at $118,800. This translates to an effective tax rate of 1.06%, which is 15% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45812 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Hardin County. This is $1,048 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45812 has lower property taxes. ZIP codes with similar effective rates include 43347 (1.06%) and 45658 (1.06%).

In Alger, property taxes represent approximately 3.0% of the median household income of $41,230, 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. Hardin County homeowners receive a 2.5% Owner-Occupancy Credit on primary residences (approximately $54 annual savings on the median home), and seniors 65+ or disabled can claim the Homestead Exemption for additional tax relief. File your homestead application with the Hardin County Auditor before your first tax bill to lock in both benefits.