45854 Property Tax Rate

Property owners in ZIP code 45854 (Lafayette, Ohio) pay a median of $1,625/year in property taxes on homes valued at $121,700. This translates to an effective tax rate of 1.34%, which is 8% above the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45854 is approximately $135, which factors into escrow payments on mortgages. This ZIP code is located within Allen County. This is $679 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45854 has higher property taxes. ZIP codes with similar effective rates include 44003 (1.33%) and 44212 (1.34%).

In Lafayette, property taxes represent approximately 3.3% of the median household income of $49,653, 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. Allen County primary residences qualify for a 2.5% Owner-Occupancy Credit, and homeowners 65+ or disabled can stack a Homestead Exemption on top — apply to the Allen County Auditor within 30 days of purchase. File your exemption claim with the Allen County Auditor and request written confirmation of your base assessed value to track future increases.