45861 Property Tax Rate

Property owners in ZIP code 45861 (Melrose, Ohio) pay a median of $1,047/year in property taxes on homes valued at $111,300. This translates to an effective tax rate of 0.94%, which is 24% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45861 is approximately $87, which factors into escrow payments on mortgages. This ZIP code is located within Paulding County. This is $1,257 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45861 has higher property taxes. ZIP codes with similar effective rates include 43768 (0.94%) and 45612 (0.94%).

In Melrose, property taxes represent approximately 1.2% of the median household income of $90,565, 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. Paulding County offers a 2.5% Owner-Occupancy Credit for owner-occupied primary residences, plus Homestead Exemption eligibility for seniors 65+ and disabled owners — submit both applications to the Paulding County Auditor immediately upon closing. Request a copy of your property card from the Paulding County Auditor and note the appeal deadline for your initial assessment notice.