45838 Property Tax Rate

Property owners in ZIP code 45838 (Elgin, Ohio) pay a median of $1,262/year in property taxes on homes valued at $114,300. This translates to an effective tax rate of 1.10%, which is 11% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45838 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Van Wert County. This is $1,042 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45838 has lower property taxes. ZIP codes with similar effective rates include 44618 (1.10%) and 45013 (1.10%).

In Elgin, property taxes represent approximately 1.4% of the median household income of $88,553, 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. Van Wert County owners of primary residences automatically receive a 2.5% Owner-Occupancy Credit, and seniors 65+ or disabled individuals can file for an additional Homestead Exemption to exempt a portion of home value — submit your Homestead application to the Van Wert County Auditor within 30 days of purchase. Contact the Van Wert County Auditor to verify your credit applies and to request the appeal deadline for your first assessment.