45871 Property Tax Rate

Property owners in ZIP code 45871 (New Knoxville, Ohio) pay a median of $1,980/year in property taxes on homes valued at $202,600. This translates to an effective tax rate of 0.98%, which is 21% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45871 is approximately $165, which factors into escrow payments on mortgages. This ZIP code is located within Auglaize County. This is $324 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45871 has lower property taxes. ZIP codes with similar effective rates include 43440 (0.98%) and 43762 (0.98%).

In New Knoxville, property taxes represent approximately 2.4% of the median household income of $82,632, 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. Auglaize County homeowners of primary residences receive an automatic 2.5% Owner-Occupancy Credit, and those 65+ or disabled can claim an additional Homestead Exemption — file the exemption application with the Auglaize County Auditor before the deadline shown on your assessment notice. Contact the Auglaize County Auditor to confirm your credit is applied and to learn your county's appeal deadline.