45873 Property Tax Rate

Property owners in ZIP code 45873 (Oakwood, Ohio) pay a median of $1,430/year in property taxes on homes valued at $138,400. This translates to an effective tax rate of 1.03%, which is 17% below the Ohio state average of 1.24%.

The monthly property tax burden for a median-valued home in 45873 is approximately $119, which factors into escrow payments on mortgages. This ZIP code is located within Paulding County. This is $874 less than the Ohio average of $2,304/year.

Compared to similar ZIP codes in Ohio, 45873 has higher property taxes. ZIP codes with similar effective rates include 45714 (1.03%) and 45053 (1.03%).

In Oakwood, property taxes represent approximately 2.1% of the median household income of $66,771, 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.